The Government has voted against the progression of legislation to allow time for amendments by One Nation’s Pauline Hanson.
Hanson submitted amendments last night to the Treasury Laws Amendment (More Flexible Superannuation) Bill which would have seen higher concessional contributions for high income earners aged 67 and above.
She also requested an amendment that those who withdrew $20,000 through the early access to super measures last year were able to put that money back in to their super.
This morning, she was not in the Senate chamber in time to move these amendments so the Government voted against progressing the legislation to allow time for her to arrive.
The move was described as “embarrassing abuse of power” by Senator Jenny McAllister.
“Hanson has been shamed into running down into the Chamber to fiddle this amendment for her own personal gain”, said Senator Murray Watt.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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