Senate debates

Thursday, 18 June 2020

Bills

Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019; In Committee

10:43 am

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

The government will be opposing Labor's amendment. We should be clear what this amendment is really about. It is, in fact, denying the premise of the bill, which is all about choice. It's really about providing assistance to individual funds, which are—let's face it—multibillion dollar companies. We don't feel that they need to be propped up or shielded from competition by removing an employee's right to choose their fund.

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