Senate debates

Monday, 26 March 2007

Questions without Notice

Future Fund

2:19 pm

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

I thank Senator Troeth for that pertinent question. Last week, the Labor Party announced that it will make a reckless and irresponsible raid on the Future Fund to pay for its election promises. It will indeed be a smash-and-grab raid on moneys that we have set aside prudently to meet a large and growing government liability. As many commentators have pointed out in recent days, private employers are required to provide for their employees’ superannuation entitlements on an ongoing basis, but every previous federal government of this country has failed to do that.

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