Division
The majority voted against [amendments](https://www.openaustralia.org.au/debates/?id=2024-10-09.114.1) introduced by North Sydney MP [Kylea Tink](https://theyvoteforyou.org.au/people/representatives/north_sydney/kylea_tink) (Independent), which means they failed. ### What do the amendments do? Ms Tink [explained that](https://www.openaustralia.org.au/debates/?id=2024-10-09.114.1): > *The amendments I'm moving today would ensure that the large superannuation balance threshold is indexed annually, in line with the consumer price index. As it stands, the $3 million large superannuation balance threshold, established in the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill of 2023, is not indexed, leaving the decision of when and if to lift the threshold to a future government at some unknown time. This is simply not consistent with sound long-term superannuation taxation policy. It does not provide sufficient certainty to those with money in super or the super industry, and, if left unaddressed, it will create intergenerational inequities.* ### Amendment text > *(1) Schedule 1, item 15, page 10 (after line 17), after section 296-40, insert:* > >> *296-42 Large superannuation balance threshold* >> >> *The large superannuation balance threshold is:* >> >>> *(a) for the 2025-26 financial year—$3 million; or* >>> >>> *(b) for a later financial year—the amount worked out by indexing annually the amount mentioned in paragraph (a).* >>> >>> *Note 1: Subdivision 960-M shows how to index amounts. However, annual indexation does not necessarily increase the amount of the cap (see section 960-285).* >>> >>> *Note 2: The rounding amount for indexation is $100,000 (see subsection 960-285(7)).* > > *(2) Schedule 1, page 28 (after line 10), after item 17, insert:* > >> *17A Section 960-265 (after table item 10A)* >> >>> *Insert:* >> >> *17B Paragraph 960-285(3)(a)* >> >>> *After "paragraph (b)", insert "or (c)".* >> >> *17C At the end of sub
House of Representatives, 2024-10-09. negative: ayes 9, noes 52.
Question
The majority voted against [amendments](https://www.openaustralia.org.au/debates/?id=2024-10-09.114.1) introduced by North Sydney MP [Kylea Tink](https://theyvoteforyou.org.au/people/representatives/north_sydney/kylea_tink) (Independent), which means they failed. ### What do the amendments do? Ms Tink [explained that](https://www.openaustralia.org.au/debates/?id=2024-10-09.114.1): > *The amendments I'm moving today would ensure that the large superannuation balance threshold is indexed annually, in line with the consumer price index. As it stands, the $3 million large superannuation balance threshold, established in the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill of 2023, is not indexed, leaving the decision of when and if to lift the threshold to a future government at some unknown time. This is simply not consistent with sound long-term superannuation taxation policy. It does not provide sufficient certainty to those with money in super or the super industry, and, if left unaddressed, it will create intergenerational inequities.* ### Amendment text > *(1) Schedule 1, item 15, page 10 (after line 17), after section 296-40, insert:* > >> *296-42 Large superannuation balance threshold* >> >> *The large superannuation balance threshold is:* >> >>> *(a) for the 2025-26 financial year—$3 million; or* >>> >>> *(b) for a later financial year—the amount worked out by indexing annually the amount mentioned in paragraph (a).* >>> >>> *Note 1: Subdivision 960-M shows how to index amounts. However, annual indexation does not necessarily increase the amount of the cap (see section 960-285).* >>> >>> *Note 2: The rounding amount for indexation is $100,000 (see subsection 960-285(7)).* > > *(2) Schedule 1, page 28 (after line 10), after item 17, insert:* > >> *17A Section 960-265 (after table item 10A)* >> >>> *Insert:* >> >> *17B Paragraph 960-285(3)(a)* >> >>> *After "paragraph (b)", insert "or (c)".* >> >> *17C At the end of sub
How each member voted
Per-member votes are not present in this static export. Consult the original division record.
Related bills
Only formal divisions leave a per-member record. A procedural vote is not necessarily a vote for or against a bill.