Nationals MP George Christensen announced yesterday that he would cross the floor of Parliament to vote down the Coalition’s superannuation policy unless significant changes are made.
Posting a message on his Facebook page, Mr Christensen suggested that he would vote down the policy if there weren’t changes made to the proposed $500,000 non-concessional lifetime cap and it’s ‘retrospectivity’, as well as the $1.6 million pension fund transfer balance cap.
“These policies penalise success. Principally, these policies hit small business owners and farmers who have retired, sold their assets and transferred their wealth into superannuation,” wrote Mr Christensen.
If the Coalition end up with 76 seats in the Lower House, Mr Christensen’s opposition to the changes could mean the policy fails to pass through the Lower House.
Treasurer Scott Morrison told ABC television that any MPs seeking to change polices taken to the election will need to present alternative savings to make up the shortfall.
Read more at www.skynews.com.au
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