Robb Splits with Abbott and Hockey on Super

12 November 2011

Shadow finance minister Andrew Robb has contradicted his leader on increases to compulsory super, and signalled his party will reach into the pockets of low income earners and remove their super contributions.
Mr Robb yesterday refused to commit to keeping the Gillard Governments low income superannuation contribution a tax rebate of up to $500 a year for low-income earners. From 1 July 2012, this measure will benefit 3.6 million Australians earning less than $37,000 per year.
Mr Robb also changed the partys position on compulsory super again, and flatly contradicted his leader, saying the Opposition will not support the reform until they can find the funds.
This is yet another example of chaos within the Oppositions economic team.
We wont be going forward on this or any other program without the funding, identifying where well fund it.
ANDREW ROBB ABC24 11 NOVEMBER 2011
The Oppositions first position was to scrap the MRRT and the associated expenditure that will deliver a company tax cut, boosted superannuation and infrastructure funding.
We will rescind this tax in government and we will unwind the expenditure linked to it.
JOE HOCKEY PARLIAMENT 21 SEPTEMBER 2011
Both Tony Abbott and Joe Hockey have since backflipped on this stance now indicating they will not rescind the increase in compulsory super.
Now we have a third position from Mr Robb to fund it in the never-never.
We know Mr Robb didnt want to support this measure, but his colleagues did not bother to consult him on this economic reform.
I wasnt part of that decision making process.
ABC24, 11 NOVEMBER 2011
Mr Robb has expressly acknowledged the Opposition needs to identify $70 billion of cuts just to pay for Mr Abbotts existing commitments, telling MTP on 4 September: Its not a furphy. We came out with the figure. We know that figure doesnt include the backflip on the super guarantee.
This Government is committed to ensuring the benefits of the nations mineral wealth resources that are owned by the Australian people flow to all Australians.
The Liberal economic team continue to show that they are incapable of putting together a sensible, consistent and coherent economic policy.
Every day we get more evidence that shows they cannot be trusted to manage the budget, or the economy, in the interests of hard-working Australians.