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

My question is to the Prime Minister. Yesterday, the Minister for Revenue and Financial Services said she wanted to lift superannuation funds to the same standards as the banks. So is the former New South Wales Liberal leader and chairman of Industry Super Australia, Peter Collins, accurately describing government policy when he says:

If super funds had been responsible for systemic failures in financial advice, failure to pass on interest rate cuts, excessive executive remuneration and other forms of profit gouging by banks, there would have been a royal commission into super funds in a flash.

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