Only one week remains for anyone in the Labor Party to tell Australians what their policy is on superannuation.
The Labor Party has had more than six months to formulate some sort of retirement policy, since the Howard Government announced the most dynamic reforms of the superannuation system in decades, as part of the this years Federal Budget.
As part of the Government’s reforms, from 1 July 2007, there will be no end benefits tax on superannuation paid out of taxed funds, reasonable benefits limits will be abolished and the co-contribution scheme will be extended to the self employed.
These reforms will particularly allow the Government to encourage a younger generation of Australians to think about their retirement and invest in their superannuation savings.
It is a testament to the weakness of the entire Labor Party front bench that no one has been able to step up to the plate and tell Australians what they would do with regard to superannuation.
The business community, industry groups and families around the nation support the Government’s reforms.
It’s about time the Labor Party stopped stabbing each other in the back and started acting in the national interest and developed real retirement policies.