Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

I have sought to reassure all Telstra employees that their entitlements up to the time of sale and up to the time at which their membership of the CSS ceases will be protected. Nothing I have said or suggested implies anything other than that. That has always been the case with employees of government owned businesses, whether they are sold by the Labor Party or by us. Once the government is no longer the majority owner, obviously, by definition, membership of government employee superannuation schemes ceases to exist, but all the entitlements accrued up to that point are protected in law. That is the point we have consistently emphasised. That is what I was talking about. It is wrong to suggest anything else on my part. Those employee entitlements are protected.