Alex Gallacher (SA, Australian Labor Party) | Hansard source

The figures that are promoted for TPI insurance for young people are in the order of $80 a year, or $1.11 a week. An extra $80 a year is going to be very beneficial, but I can't see how it's going to accelerate the boosting of their balance to over $6,000. What accelerates them to get over $6,000 in their account is getting paid their super on time, getting it paid in full and having a decent job that accrues a reasonable amount of super. Removing a benefit like this from low-income and underemployed people is exposing a cohort, which is something we agree on. You said 96 per cent don't have dependants; I said 3½ per cent do have dependants. Those are the ATO's figures: 3½ per cent of 15- to 24-year-olds have dependants. It's still a decent sized cohort of people.

You're the responsible minister. The awful responsibility you have is the impact of your legislation. If there is tragedy in that family, in that cohort, and they haven't the literacy or the access to the internet or the financial acumen to have gone and tested their meagre superannuation policy and something happens, where will they go for recourse? If there's a suicide or other death, where will they get compensation from?