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

Thank you, Mr Deputy Speaker. You are doing a sage job of trying to defend these current arrangements. This government is clearly not doing what needs to be done when it comes to ensuring that employers and employees in default superannuation can benefit from genuine competition in that market.

It is deeply disappointing that the coalition has been given no time to consider this legislation in detail or to have detailed consultations with stakeholders on this bill. It is clear that the arrangements for this bill coming into the House—the process—do nothing to improve the confidence that the House might have in the merits of the policy that we are considering today. The coalition is therefore gravely concerned about the provisions in this bill. We are certainly reserving our right to move amendments in the Senate. I also make the point that if it is clear that the government is not going to do what needs to be done to improve competition in the field of default superannuation then, if the coalition is elected to government at the next election, we will take the actions that need to be taken to improve competition in this area.

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