Alex Gallacher (SA, Australian Labor Party) | Hansard source

What's been put to me is that this legislation will have, as legislation often does, unintended consequences. It's been put to me that the cost of insurance for 25-plus-year-olds will increase, in some cases, by up to 14 per cent. That increase in that group life insurance policy will be deductible; have you done the sums on where that will impact on your projection of $605.4 million? If they get a higher deductibility because premiums have gone up as a result of this legislation then your savings may well be swinging in the breeze.