House debates

Monday, 19 March 2012

Bills

Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011, Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012; Report from Committee

4:12 pm

Photo of Paul FletcherPaul Fletcher (Bradfield, Liberal Party) Share this | Hansard source

I am bringing my contribution and my comments to a close. I conclude with these observations. Decisions about the superannuation system should be made in the interests of superannuation fund members. This bill's failure to deliver real choice of fund by making MySuper status the only requirement to be a default fund is a glaring omission. It is hard to avoid the conclusion that this is designed to continue to advantage one sector of the industry which in turn has very close links to the union movement.

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