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

I think I answered this in my answer to the original question. There are regulators that enforce the legislation that governs the superannuation industry. The rules and laws need to be abided by. The regulators need to respond and, where they find misconduct or inappropriate conduct, they have a range of penalties available to them. This parliament has set the regulatory arrangements for the superannuation industry. We are always looking at ways to strengthen superannuation in this country. Those opposite are always looking to destroy it. Senator Bragg himself never misses an opportunity to talk down superannuation. They won't be happy until every person in Australia has had access to their super funds before retirement to raise the level of housing prices in this country.