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

Thank you, Senator Gallacher. Obviously, there is going to be some cost to the superannuation funds themselves to reach out to their members. That's what they should be doing anyway as part of their business. We realise that there is going to be a greater compliance component, thanks to this bill, but again I point out to you that you seem to have missed the point. This is about protecting young members and protecting people on lower balances, ensuring that they're not having their retirement savings eroded by unnecessary insurance premiums.