It’s been 68 days since the Budget and Australians still don’t know where Kim Beazley stands on the Government’s superannuation reform package.
On 10 April 2006 Kim Beazley said: “Australians who have worked to build our country all their lives, contributing to our economic and social development, are entitled to a secure retirement.”
The Government has delivered a plan to secure Australians’ retirement by abolishing end benefits tax and giving individuals greater flexibility as to how and when to draw down their superannuation in retirement.
But Kim Beazley still won’t say whether or not he backs these reforms.
If Kim Beazley was telling the truth on 10 April, why won’t he give Australians the security of bipartisan backing for the Government’s superannuation reform package?
Why won’t he back abolishing end benefits tax on superannuation, abolishing reasonable benefits limits, extending the co-contribution scheme to the self employed and halving the age pension assets test taper rate to $1.50 per fortnight from 20 September 2007?
There is only one threat to security in retirement planning: the refusal of Kim Beazley to back the Government’s superannuation reforms.