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Hockey sceptical on Labor super policy
The Federal Government has dismissed the Labor Party's high super account balance policy announcement as a "tax grab" but has not ruled out traversing the issue in the context of the Tax White Paper.
The Federal Treasurer, Joe Hockey, reacted to the Labor policy announcement of a 15 per cent tax on super earnings over $75,000 a year by claiming the Opposition's default position "is always to increase taxes".
However he conceded he would be taking a look at the details of the Labor policy notwithstanding the fact that "last time they tried this they made a mess of it".
"We'll have a look at the details but I'm always sceptical of Labor coming up with new taxes. Look at the Mining Tax, look at the Carbon Tax and now they've got a new Superannuation Tax," Hockey said.
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