WIRES:

Cullen Challenged To Come Clean On Super

Tuesday, 16 November 1999, 12:28 am
Press Release: ACT New Zealand

ACT Finance spokesman Rodney Hide has challenged Labour's Dr Michael Cullen to
explain Labour's superannuation policy, Labour's Superannuation Tax and
Superannuation Fund.

"I wrote to Dr Cullen yesterday asking him to explain Labour's promise to make
"the problem of sustainability disappear" when his so-called Budget released on
9 November makes no provision for this tax.

"Dr Cullen was 10,000 percent out by his own reckoning last time he floated
this policy. He needs to explain to voters just how much money will be in his
state-run fund when they retire. The fact is there will nothing. Labour's
promise is again a hollow one," said Rodney Hide.

ENDS

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