House debates

Thursday, 15 October 2015

Questions without Notice

Taxation

3:06 pm

Photo of Mr Tony BurkeMr Tony Burke (Watson, Australian Labor Party, Shadow Minister for Finance) Share this | Hansard source

My question is to the Prime Minister. I refer to the Prime Minister's previous answer. The average superannuation balance of an Australian woman contributing to superannuation is around $40,000. The minimum buying in for the Bowery Investment fund in the Cayman Islands is US$1 million. Is the Prime Minister seriously so out of touch that he thinks that the millions of Australians who simply choose Australian Super as their default fund are doing the same thing that he did when he actively invested in an exclusive fund registered in the Cayman Islands?

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