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

I believe it's very relevant and very important. I always like to follow the money. Being an economist, I understand that economics is all about studying human behaviour and incentives. I know—and those who have been following the industry know, and you've worked in it and know it very well—that the banks and AMP have been losing superannuation customers hand over fist in recent years, and a lot of that is thanks to the royal commission. Here's your government in their corner again, coming to their aid with some legislation that's going to open up a new pool of potential revenue for them. If that is the case, I have concerns that you're doing their bidding in this place. I'm just explaining my motivation for asking that question. I would hope that the logic behind this legislation—and, to be clear, the Greens have opposed this all along—is that you actually do believe you are doing a solid for young and vulnerable Australians by reducing the fees that they have to pay on superannuation; that it's not really about just opening up a whole new set of markets for the big banks and insurers in this country.