Senator SHERRY (Tasmania—Minister Assisting on Deregulation and Public Sector Superannuation, Minister for Small Business and Minister Assisting the Minister for Tourism) (14:07): In addition to cuts to company tax, in addition to substantial improvements to write-off for small business, we will also be making significant improvements to superannuation. We will be increasing the superannuation guarantee from nine to 12 per cent. We will also be reducing the contributions tax paid by millions of low- and middle-income earners. Those important superannuation reforms will not only benefit those individuals, millions of Australians, it will also benefit the economy. Opposition senators interjecting— Senator SHERRY: We know that those opposite, who are so busily interjecting, oppose the improvements to superannuation, they oppose the reduction in company tax to small business, they oppose the significant tax benefits that will flow through to business and to superannuation, because they oppose the mining tax. (Time expired)