Chris Bowen (Prospect, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

I look forward to hearing the honourable member for Moncrieff tell us how it is and why the Chief Executive of the Australian Superannuation Funds Association is wrong. Tell us why Philippa Smith is incorrect. I will not be able to stay in the chamber to hear it, but I will be listening in. Philippa Smith said:

There was disappointment because it was only a one-off for past contributions ... the budget had missed an opportunity to change savings behaviour.

Further, she said:

This initiative rewards individuals who accessed the co-contribution a year ago, but it is difficult to see how it will encourage younger people to invest in their retirement future going forward.

I am sure the honourable member for Moncrieff will take up a substantial part of his 20 minutes explaining why the Australian Superannuation Funds Association is wrong. I am sure that we will see the headlines in the Australian tomorrow: ‘Ciobo attacks Smith’. It is not the member for Perth—and what is Tony’s seat?

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