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Labor in way of fair super reform: PM

Prime Minister Malcolm Turnbull says the opposition leader is standing in the way of making the superannuation system fairer.

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Source: AAP


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Prime Minister Malcolm Turnbull says Labor plans to stand in the way of reforms which will make the superannuation system fairer for women, the self-employed and older Australians.

Opposition Leader Bill Shorten offered the government a compromise to its $6 billion super reform package last week which would keep the $500,000 life-time cap on contributions, but not allow for catch-up concessional contributions for certain groups.

"People with very large balances will pay some more tax but we are making it fairer for women, self employed people, independent contractors and older Australians and Mr Shorten stands in the way of those reforms," Mr Turnbull told ABC TV on Sunday..


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