Senate debates

Thursday, 19 September 2019

Bills

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

10:28 am

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) | Hansard source

We assume that this would to some extent disrupt a business model that has been running for some time; but, as we have said over and over again, these deals between insurance companies and superannuation funds are opaque and quite complex. So you would imagine that there would be some disruption.

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