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Cormann calls for bi-partisan take on super
Shadow Minister for Superannuation Mathias Cormann has come out in support of Labor MP Simon Crean's criticism of potential further changes to superannuation tax in the upcoming May Federal Budget.
According to media reports, Crean warned the Government this morning about the possible consequences of further increasing taxes on superannuation in the May budget.
Cormann called the Minister for Financial Services and Superannuation, Bill Shorten, to listen to Crean and take a stand against further tax increases.
"Labor's constant tax increases targeting Australian super savers are completely counter-productive because they make it harder for people to save," Cormann said.
"Our policy objective must be to keep encouraging as many Australians as possible to save enough so they can look after their own needs in retirement and not be a burden on the public purse."
Cormann added he supported Crean's call to a bipartisan approach to this issue and the need to avoid making "any negative unexpected changes to superannuation".
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