Liberal and National Party MPs from rural and regional electorates must stand up to Tony Abbott and oppose the abolition of the Low Income Superannuation Contribution (LISC).
The Low Income Super Contribution ensures that those earning $37,000 or less a year effectively don’t pay tax on their contributions, meaning up to $500 more going into their superannuation accounts each year.
The vast majority of those who benefit from the Low Income Super Contribution live in rural and regional Australia – in electorates like Hinkler, Cowper, Lyne, Page, Wide Bay (Acting Treasurer), Braddon, Mallee, Gippsland, Parkes, Page and Paterson.
Indeed, 24 of the 25 lowest income earning electorates are in rural and regional Australia.
The abolition of the LISC is yet another Abbott Government policy which disproportionally hits rural areas harder than it does the cities.