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

Sorry, Senator Gallacher, I think you've misunderstood the point and purpose of this bill. This is not a budgetary measure. We're trying to save young people and people with low superannuation balances from paying insurance premiums on products that they don't need, don't want, don't know that they have and are unlikely to be able to claim on.