Bill Shorten (Maribyrnong, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

If the member for Dawson is bored, why doesn't he go and find something else to do? Dial a friend! Fees in superannuation are unfair, so we are going to have SuperStream and MySuper and make sure that we put downward pressure on fees and charges in superannuation. We are going to improve and reform the provision of financial advice in Australia.

Mr Briggs interjecting—

I can hear the member for Mayo, the mini-me of Peter Reith, interjecting. We are the only people who will even listen to him—his own side keep gagging him. We have the Future of Financial Advice reforms, and we are going to reform financial planning. We are going to reduce the confusion around flood insurance and sort out a common definition so that never again will Australians have to go through fruitless and frustrating arguments with their insurer as to whether or not they are covered for flood. We are also making many more reforms in many other areas.

Having said that we are identifying existing problems and fixing them, that we are balancing the books and that we are getting the big calls right, I would submit in support of the proposition that we are managing the economy efficiently the fact that we are making sure that the economy grows fairly and inclusively. We understand that change is an inevitable part of Australian life, but we are determined to make sure that no-one gets left behind, as opposed to a coalition society where, if you cannot survive for yourself—

Mr Fletcher interjecting—

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