Jane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

Senator Hanson, that's exactly what they can do. In fact, this underperformance test will put a competitive pressure onto funds to reduce their fees, particularly those that have been close to that underperformance benchmark for some time. They will be encouraged to reduce their fees in order to make that underperformance hurdle.

The CHAIR: I'm just going to the Leader of the Government in the Senate.