Senate debates

Thursday, 19 September 2019

Bills

Treasury Laws Amendment (Putting Members' Interests First) Bill 2019; In Committee

10:22 am

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) | Hansard source

But insurance is obviously one of those things where it's easy to say you don't need it until you need it. Nobody knows what the future holds. Clearly, $600 million per annum in payouts to vulnerable cohorts around this country is a significant amount of money. I'm just considering the corporate knowledge and the history of this legislation coming back to this chamber. It was only a few months ago that the Greens had this carved out in an agreement with your government to pass more broad super reforms, which I think we all agree were a good thing to do. We were very concerned about the loss of the safety net for some of Australia's most vulnerable people.

Why hasn't the Treasury looked at the data, or why can't you provide it today? Similar to the PBO costing that we've had, why can't your government substantiate what the payouts have been to vulnerable Australians under this scheme? Or can you?

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