Arthur Sinodinos (NSW, Liberal Party, Assistant Treasurer) Share this | Hansard source

I thank the honourable senator for his question. He has demonstrated expertise in banking, finance and superannuation and it is a well-informed question. I can inform the Senate that along with, I believe, almost all members of this chamber I believe in the importance of a transparent, competitive, well-governed superannuation system. To that end I released a discussion paper last week which canvassed issues around all of those desirable attributes.

Let me begin with the first, which was better regulation of superannuation. By that I mean where there is a need to regulate superannuation we will institute measures which reduce the costs of compliance—