House debates

Wednesday, 2 June 2021


Treasury Laws Amendment (Your Future, Your Super) Bill 2021; Second Reading

5:07 pm

Photo of Tim WilsonTim Wilson (Goldstein, Liberal Party) Share this | Hansard source

It's wonderful to be back speaking on this legislation, because it is so important to make sure that we get proper assessment of laws that overgovern superannuation. As I was saying before I was interrupted by question time and 90-second statements, the system is broken. It's designed and organised to advance the interests of the few at the expense of the many. Members of the Labor Party know exactly why it is: because they set it up that way, because what super funds do is launder money through marketing expenses through to unions and allied parties and then through to the Australian Labor Party, which is why, if you come into this chamber and if you raise criticisms of organised labour and unions today, a few people on the Labor side will grumble and get a little bit upset. But, if you criticise the super system, they will go into all-out war, because they know it is their lifeblood. It is coming at the expense of Australians and their retirement savings and at the expense of their wages to bankroll the interests of the Labor Party. The more we call this out, the angrier they get, which means it makes me more determined. There is nothing they will not do to steal your money from your accounts and your super fund to advance their interests. That is what is at the heart of this legislation. Trying to break apart—

Mr Gosling interjecting


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