Fed: Labor hits back at govt superannuation levy claims

AAP General News (Australia)
04-10-2001
Fed: Labor hits back at govt superannuation levy claims

The opposition rejects government claims it plans to lift the compulsory superannuation
levy paid by employers to 15 per cent.

A report in the Weekend Australian suggests a Labor government intends to raise the
employer's contribution to 15 per cent from nine per cent.

The article prompted a stinging attack from Prime Minister JOHN HOWARD, who said it
will cost 200,000 jobs.

But Opposition leader KIM BEAZLEY yesterday joined his treasury spokesman SIMON CREAN
in denying Labor plans to raise the levy to 15 per cent.

Mr BEAZLEY told reporters in Perth that no member of the Labor Party has ever suggested
any such thing.

He says Labor believes superannuation needs an inquiry because of the mess that Mr
HOWARD's made of the issue.

Mr BEAZLEY agrees with Mr HOWARD, however, that the superannuation guarantee levy should
not rise because it will have a substantial impact on business.

AAP RTV jph/sw/pc/mjm/alt

KEYWORD: SUPER (CANBERRA)

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