It gives me great pleasure to rise and talk on the Treasury Legislation Amendment (Repeal Day) Bill 2014, if for no other reason than that the member for Moreton has ceased that tirade.
It gives me great pleasure to rise today to speak on the Omnibus Repeal Day (Spring 2014) Bill 2014 and related bills. In particular I want to start by congratulating the Prime Minister and his parliamentary secretary, the member for Kooyong, Josh Frydenberg, for the outstanding work they have done in pushing forward our second red-tape repeal day.
The member for Griffith is right: before the last election the coalition did commit that we would not make any unexpected detrimental changes to superannuation, and that commitment was so important, because the context was that the Labor Party had so significantly eroded confidence in our national superannuation system that Australians were crying out for some form of positive statement from the Liberal Party to ensure that we would protect their future savings.
As we all know, and as the Prime Minister has said on many occasions, protection of our people and the defence of our nation is the first duty of government.
The two aspects of the No. 4 bill that I would like to talk about revolve around the proposed thin capitalisation changes and the changes to foreign dividends.