Bruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Hansard source

It was curious that the minister failed to directly address the points that we were making in support of our amendment. I suspect he might have had pre-prepared remarks that went to a bit of a slap-around of the opposition, which seems to be his combative nature. But he failed to turn his mind in any way to the points that were raised in support of our amendment. He did say that APRA would give some guidance to poorly performing smaller funds. I would hope that, as he has suggested elsewhere, APRA would give guidance to poorly performing funds full stop. The issue about whether the fund is performing well or not should stand in its own right. The issue about its size is being introduced as another variable. As he launched into attacks on me for comments relating to industry super funds, none of which were actually made in my contribution—which was a curious line of attack—I was actually pointing out that the Association of Superannuation Funds was actually supporting—

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