Bill Shorten (Maribyrnong, Australian Labor Party, Minister for Financial Services and Superannuation) Share this | Hansard source

Reluctant, as I am, to take up further time of parliament I am a little concerned that Hans Christian Andersen has been writing some of the shadow Treasurer's comments. I think there are some points which need to be made but I will try to keep it fairly brief.

First of all, the shadow Treasurer accused me of conflict and bias. I am agnostic about which form of superannuation people invest in but I certainly do not accept the standard coalition attack on industry funds as being union dominated. They have independent directors and they have equal representation with employers. To accuse people like Peter Collins, former leader of the Liberal Party in New South Wales, as being some sort of union stooge I think is unfair in the extreme.

Mr Hockey interjecting—

Well General Peter Cosgrove is on it.

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