Nola Marino (Forrest, Liberal Party) Share this | Hansard source

Out of love, exactly. 'And I am going to put a little bit of money in there whenever I can afford it'. Often it is a small amount of money because the person doing it may not have a lot of money themselves. They could be a grandparent pensioner. They could be someone who loves this little person so much and they are quietly putting small amounts into their account. Perhaps it is for the children's education. Perhaps it is for their first car. Whatever it is that the grandparent is contributing to, sometimes that account can be inactive for quite a period of time. The fact that we are going to exempt children's accounts, I think, shows the heart of the government as well and common sense and the fact that it should never have happened in the first place. This might include an inheritance or an endowment that might be kept, for example, until a child's 18th birthday. It might be that the grandparent provides an inheritance in a will but it is there for the child achieve their maturity.

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