Jane Hume (Victoria, Liberal Party) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Last week, the treasurer announced:

… we are going to have another look at the super performance test …

and that this would be done to remove obstacles and impediments to super investing in areas like housing and other areas where there's clearly a national need. The performance test does not stop superannuation funds from investing in any asset so long as that investment stacks up financially. It does, however, protect superannuation members, ensuring that superannuation is invested solely in the members' best financial interests and preventing super becoming a vehicle for a political agenda. Minister, when the Treasurer says that he will be taking another look at the performance test, specifically what tweaks does the government have in mind?