Senator ANTIC (South Australia) (15:14): The late great Margaret Thatcher once made the observation that the problem with socialism is you eventually run out of other people's money, and that is what the Australian people are in the early stages of understanding as we speak right now. The Labor Party, however, do not understand that this is not their money. We're dealing with the money of the Australian people, the workers of Australia. Superannuation is not your money. It's not your money; you didn't work for it. And, despite the Assistant Treasurer's views that we heard this afternoon repeated, that this was simply honey which could be taken from the hive, this is not the manner in which hard-working Australian people view their own savings. The Prime Minister and the Treasurer have basically gone back on their promise. These are changes that they said they would not make at the election, and we are seeing history repeating itself here with the same old Labor Party. This is what I imagine the voters of Australia—the 31 or 32 per cent of them, or whatever it was, that voted Labor—must have at least thought, that they were going to get something different out of the other end of the pipe. This is a bit like what I imagine it must be like to be a North Melbourne supporter at the start of a football season, just thinking that the new season is going to bring something different and, yet, come about round 4—about where we're up to—all we're seeing is clangers and kicks out of bounds on the full. This is what we're seeing. And, let's be honest, despite all of that, it doesn't matter how many colourful parades the Prime Minister goes off and marches in, it doesn't matter how many all-expenses paid trips he takes to go and visit the global glitterati, the little fellow from Ukraine, whatever his name is in the green T-shirt—whatever his name is. Who cares? It doesn't matter; nothing matters. It does not matter because, ultimately— Honourable senators interjecting— Senator ANTIC: Well, I can't remember what his name is. He's just on the screen all the time. But, anyway, it doesn't matter, because, ultimately, what happens here is we get the same recycled product over and over and over again. They're making it up as they go along. The ACTING DEPUTY PRESIDENT ( Senator Van ): Senator Antic, take your seat. Senator ANTIC: Here we go. This is good! The ACTING DEPUTY PRESIDENT: Senator Ayres? Senator Ayres: On a point of order: Acting Deputy President, that was an extraordinary reflection on the leader of Ukraine, who, I thought that for everybody in this place, has been a symbol of a very important struggle for democracy and freedom, and you would ask him to withdraw that. The ACTING DEPUTY PRESIDENT: I will take some advice from the Clerk because Senator Shoebridge had my attention at the time. Thank you, Clerk. There is no point of order on reflections on leaders of other countries, but I will invite the senator to withdraw or contain his remarks, if he will. Senator ANTIC: I withdraw any improper implications. I was just making an observation as to his appearance. In any event, I will move on. Senator O'Neill: Give respect to democracy. Senator ANTIC: I've got respect for democracy. Senator O'Neill: It's a shameful reflection. The ACTING DEPUTY PRESIDENT: Order, Senator O'Neill! Senator ANTIC: Thank you for the interjections! Thank you, Acting Deputy President. What I was saying is that Labor are making this up as they go along. Let's go through what the Prime Minister had done in the past two weeks. The Prime Minister has refused to rule out further changes to superannuation; the Treasurer has refused to rule out changes to negative gearing; and the Treasurer has also refused to rule out changes to capital gains tax, including the imposition on the family home. Then, the Prime Minister rushed out and said, 'No, we won't touch your house,' and the Treasurer said, 'Oh, well, I guess that's right.' So we know where this is headed. We know it. This is a slippery slope. This begins and ends with CGT, with franking credits, with further shifting of the goalposts. That is what we are seeing here. As Peter Dutton points out, ahead of the election Labor promised solemnly they weren't going to change the goalposts on super. The Prime Minister was unambiguous on that, and now, less than a year into government—we're talking about 10 months into government—the goalposts have been shifted. It's clear that Mr Albanese and Dr Chalmers are coming after more of your money. We know that now. We've seen it. The Australian people have seen it, and it's too late for them as Labor simply won't slow down on this. They can't control their own spending and they won't stop coming after our money. To believe them when they say that out of $150 billion they're going to be satisfied with $2 billion out of revenue is just an absurdity. It's just simply not going to happen. Bill Shorten was talking about this when he was the Labor leader, but at least in that instance—and we all remember that fateful campaign—Bill Shorten had the decency to be honest with the Australian people, about his plans, before the 2019 election. Unfortunately, this current Prime Minister can't do that. Labor's claim is plainly wrong. Their claim that the superannuation policy change will only affect 80,000 people is wrong. Over the time, the number of Australians taxed will increase dramatically because of the reasons I've already outlined. We know they're coming after more. Labor's being tricky, and you cannot take their trust on tax. The Grattan Institute has estimated that within 30 years about one in 10 workers will begin to retire with super balances of around $3 million— Senator O'Neill interjecting— The ACTING DEPUTY PRESIDENT ( Senator Van ): Senator O'Neill, I've called you a few times now. Please. Senator ANTIC: Thank you, Acting Deputy President. That's 200 times more people than the government is claiming. Young people will lose out under this policy. An independent analysis has shown that a 25-year-old retiring in 40 years will see the tax on their super double at the equivalent of a million dollars today. (Time expired)