Senate debates

Monday, 20 June 2011


Governance of Australian Government Superannuation Schemes Bill 2011, ComSuper Bill 2011, Superannuation Legislation (Consequential Amendments and Transitional Provisions) Bill 2011; In Committee

9:31 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

The coalition will be moving a series of amendments to make this bad piece of legislation a little bit less bad, because what this legislation is about is empire building and further entrenching the dominance of the union movement as the exclusive employee representative on Commonwealth superannuation boards. We have had speeches here from Senator Cameron and my colleague from Western Australia, Senator Pratt, and their speeches, I am sure, will be sent to their preselectors in the days ahead. I can see Senator Cameron nodding.

The circumstance is this: not a single member on that side of the chamber should be allowed to vote on this legislation, because they are all conflicted. They should all be absenting themselves from speaking and voting on this legislation because they all have a conflict of interest. Every single one of those members on that side is a member of the union movement. Every single member on that side of the parliament is doing the bidding of the union movement. This is not about the best interests of workers across Australia. This is not about the best interests of public sector employees and their superannuation. This is not about the best interests of retired public servants. This is about enshrining the vested interests of the union movement in a corporate governance structure of Commonwealth superannuation.


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