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Coalition divisions widen on superannuation

THE Opposition's finance spokesman, Andrew Robb, has contradicted Tony Abbott over the Coalition's superannuation policy saying it could not be maintained unless budget cuts were found to support it.

THE Opposition's finance spokesman, Andrew Robb, has contradicted Tony Abbott over the Coalition's superannuation policy saying it could not be maintained unless budget cuts were found to support it.

Mr Abbott slapped down his superannuation spokesman, Mathias Cormann, last week when he said the Coalition would not wind back the federal government's increase in the compulsory superannuation contribution rate by 2020.

"Retirement incomes are a significant issue particularly with an ageing population and that's why the Coalition has decided that we won't rescind the legislation should it go through the Parliament," the Opposition Leader said.

But Mr Robb and the Treasury spokesman, Joe Hockey, are in the process of costing all the Coalition's policies to try and find $70 billion of savings. "We won't be going forward on this or any other program without the funding [or] identifying where we'll fund it," Mr Robb told the ABC.


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