Steve Fielding (Victoria, Family First Party) Share this | Hansard source

I am mindful of the fact that we have used up some time here and we have the entire bill to go through. As we know, in Australia there is a huge amount of money in superannuation funds so it is a sizeable issue and the default fund is very important. Would the government be willing to commit that the Australian Industrial Relations Commission would hold a tender process for each specific award for the default fund? Because you were saying that the review process is every four years, you could call a tender every four years for each award so that competition would occur for each of the default funds.