Sunday 17th July 2016 - 6:52 pm

Turnbull “backs away” from promised super changes

by Alan Thornhill

By late tomorrow (Monday), we should know what the new Turnbull government will look like, but not what it will do about its proposed changes to superannuation.

 

The Prime Minister, Malcolm Turnbull, signalled yesterday that a decision on that matter is still some way off.

 

Labor called that a “humiliating back down.”

 

Its superannuation spokesman, Jim Chalmers noted that Mr Turnbull had  had said before the July 2 election that the government’s proposed changes to superannuation were “absolutely ironclad”.

 

There are many critics, including some critical ones within the Liberal party, who don’t like the caps the government is proposing to put on tax free contributions to super.

 

Mr Turnbull, though, insists that they are needed, to make the system fairer.

 

But he warned reporters in Sydney today not to expect a quick resolution of this issue.

 

That’s  good advice, as those internal critics, in particular, are very powerful.

 

And they would seriously embarrass the Prime Minister if they forced him to back down, from a position that he, himself, has described as “fair,” so soon after an election.

 

Mr Turnbull told reporters today that he is listening “very carefully” to the concerns that “my colleagues and others” have raised at the proposed superannuation tax reforms.

 

“And they will go through the normal Cabinet and party room process.

 

“We are listening very keenly, I am listening very keenly and carefully to concerns that have been raised by my colleagues, and of course by other people in the community as well,” he said.

 

But Mr Turnbull added that he would not say more at a press conference.

 

Mr Chalmers ridiculed Mr Turnbull’s new stance.

 

“Well, it will be champagne flutes at twenty paces tonight at The Lodge as the members of the Turnbull Government gather to brawl about their superannuation changes,”  he said.

 

“ No amount of taxpayer-funded champagne and prawns will fix the deep divisions in the Liberal Party, in the Turnbull Government, over the mess they’ve made of superannuation,” Mr Chalmers added.

 

Mr Turnbull also coonfirmed today  that there would be some changes between his old ministry cabinet and cabinet and his new ones.

 

His junior Coalition partner, the Nationals, for example, are expected to get at least one extra seat, because they polled well in the July 2 elections.


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