Senate debates

Thursday, 10 May 2007

Questions without Notice

Future Fund

2:48 pm

Photo of Andrew MurrayAndrew Murray (WA, Australian Democrats) Share this | Hansard source

My question without notice is to the Minister for Finance and Administration. Minister, is it true that unfunded superannuation liabilities have risen by $8 billion in this budget, mostly through the military super schemes? Does the minister accept that these liability increases are expected, and that, anyway, the Future Fund is designed to cover these liabilities? Can the minister explain to the Senate why this government has refused to increase unfunded superannuation liabilities by about another $2 billion, which would also be covered by the Future Fund, by equitably recognising interdependent relationships not presently allowed in public sector super funds?

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