Alex Hawke (Mitchell, Liberal Party, Assistant Minister to the Treasurer) Share this | Hansard source

If he had been listening, he would know that First State Super has already headed down this path.

Dr Chalmers interjecting—

Because we know that some boards governing the superannuation of Australians will not go down this path. I am happy to answer your question, Member for Rankin. Why are we doing it? Because it is international best practice. Corporate governance is a good thing. Good corporate governance is necessary when you are talking about trillions of dollars of funds under management. It is not a laughing matter, Member for Rankin. You think it is hysterical, but international best practice in corporate governance is not a laughing matter when you are dealing with the future retirement savings of every single ordinary Australian.

Dr Chalmers interjecting—

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