Senate debates
Wednesday, 1 July 2026
Regulations and Determinations
Treasury Laws Amendment (Payday Superannuation) Regulations 2026; Disallowance
4:03 pm
Andrew Bragg (NSW, Liberal Party, Shadow Minister for Housing and Homelessness) | Hansard source
I'll just make the point that I think the government ought to be very careful about adopting holus-bolus the ideas that come out of the super industry, because their formulation of policy will always be more money for them. It's like Dracula and the blood bank. They never have enough money. They never have enough blood. And the reality is that the Australian people are not stupid. There are many ways that people can prepare for their financial future.
The parliament can go out of its way and abolish ways, as it did last week, for Australians to prepare for their futures. And last week the parliament adopted an idea, which I think is going to come back to haunt it, from the super funds about banning self-managed funds from being able to invest in property. The extension of this policy is that now these funds are not able to invest in new properties off the shelf. They're not able—
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