Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I praise the previous Liberal government, Senator McGauran, for ensuring and promising before the election that this $1.2 billion would be delivered. Indeed they started work on legislation and of course the Labor opposition committed itself to supporting this particular proposal. But what we saw last week was that the Liberal Party in opposition have taken a new turn. They have decided to gut this measure—to remove a large part of the $1.2 billion that they had promised themselves before the last election. (Time expired)