Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator Lambie for the question. Labor is committed to delivering accountability, transparency and good governance in every part of our financial system. Our world-class superannuation system is a massive success story, delivering $3.4 trillion in national savings and better retirement outcomes for Australians. I think Senator Lambie is referring to the regulations that will come before this Senate around some changes that were being made to streamline disclosure requirements for superannuation funds and aligning those with the national accounting standards. The new regulations will still require superannuation funds to disclose, in particular in relation to any political donations, and they will ensure that the new regulations will have a high level of meaningful transparency for superannuation members.