Barnaby Joyce pushes back on need to model impact of One Nation super policy
Barnaby Joyce, the Treasury spokesperson for Australia's One Nation party, is facing criticism for failing to provide economic modeling for a policy allowing early access to superannuation. Critics warn the plan could increase inflation and worsen the cost-of-living crisis, while Joyce argues the policy simply allows individuals to access their own money.
Why it matters
The debate highlights the tension between populist economic proposals and concerns over long-term retirement security and macroeconomic stability.
Barnaby Joyce has struggled to explain the economic and financial impact of One Nation's early access superannuation policy.
The policy would allow Australians to divert a portion of their superannuation to their take-home pay for up to three years.
Mr Joyce has pushed back on warnings the scheme would have an inflationary impact by pumping more money into the economy, which may worsen the cost-of-living crisis.
Link copied Share Share article One Nation Treasury spokesperson Barnaby Joyce has struggled to explain the impact of the party's proposed early superannuation access scheme, saying he is "not Jesus Christ" while being questioned about the policy's financial and economic consequences.
Under the proposal, Australians who pay rent or have a mortgage would be given a choice to divert a portion of their superannuation to their take-home pay for up to three years.
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