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

And I am happy to assist. I seek leave to table the confidential advice between Telstra and the minister’s department on this matter.

Leave granted.

Mr President, I ask a supplementary question. Further to the minister possibly acting contrary to law on this matter, did he or the T3 sales task force seek advice from the guardian and regulator of defined benefits superannuation funds, the Australian Prudential Regulatory Authority, APRA, concerning the legality of reducing promised pension benefits for existing employees in a defined benefits scheme? If not, why not? If the minister did seek advice from APRA, will he now table that advice? What is the minister hiding on this matter? Is this just further evidence of the minister’s and the government’s incompetence around the sale of Telstra?