Gerard Rennick (Queensland, Liberal Party) Share this | Hansard source

No, let's not talk about renewable energy. Actually, I've gone on to a separate topic that I will talk about in the last minute, and that is the resentment of Labor towards allowing people to access their superannuation. There's not much point in putting money away for a rainy day if you're never going to get there. At the end of the day, it's very important to keep meals on the table and a roof over the head. The complaining by the Labor Party about letting people—workers—access their hard-earned funds has been very, very tawdry. We're talking about an estimated $10 billion out of $3 trillion. It's less than one per cent of the total funds under management of superannuation. It's reflective of the poor cash management practices of some of the super funds that they haven't got the liquidity in their bank accounts to meet these payments. This is a sign of things to come, because superannuation is a massive Ponzi scheme. When people of my generation get to 60 and they suddenly start withdrawing 40 years worth of super in one year you're going to need 40 workers to replace them. Wait and see what happens then. (Time expired)