Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I absolutely stand by those statements. I refer to the statements of the Leader of the Opposition when he was the Minister for Financial Services and Superannuation, when he said, 'increases in components for a super come out of people's wages, not other business profits'. I would also refer the honourable senator to a very astute and insightful article by Peter Martin in the Fairfax papers, hardly an apologist for the coalition, who pointed out that if the Labor trajectory in increasing compulsory super had stayed in place, workers were in line for a 0.5 per cent pay cut on 1 July 2015 and a 2½ per cent pay cut by—