Senate debates

Wednesday, 25 November 2015

Bills

Superannuation Legislation Amendment (Trustee Governance) Bill 2015; Second Reading

11:24 am

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Listening to the Labor Party yell and scream here—this is clearly something that goes right to the core for you, because you are here doing the bidding of a vested interest. We are here to pursue good public policy. We are about making sure that the corporate governance arrangements in superannuation are more closely aligned with corporate governance arrangements when it comes to publicly listed companies. That is not something that we came up with on our own; this is something that was recommended by your review—the review that was commissioned by the Rudd Labor government, in which Senator Conroy, when I last looked, was deputy leader. He was the Deputy Leader of the Government in the Senate of the government that commissioned this review.

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