Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

I have one final point. If we follow the minister’s logic, we will be establishing a future fund to accrue assets to pay our age pension liabilities. That is the logic the minister is advancing—age pension liabilities. I put the question quite bluntly to the minister: is the government proposing to set up a future fund to accrue assets to cover age pension liabilities? I do not know what the current value of them is. It would be interesting to know, actually; I am sure it would be massively greater than the pension liabilities that have accrued in public sector super funds. But, if we follow your logic, Minister, that will be the next step. I would be interested to know whether the government is considering that.