House debates

Tuesday, 20 October 2015

Questions without Notice

Financial Services

2:08 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

It is not an accident. It is a consequence of good management. The domestic assets of our banking institutions alone have increased from $560 billion to $3.5 trillion. The superannuation system, from the times of the Howard government, has increased from $300 billion of assets to around $2 trillion today. This is a vitally important industry. The work of the Murray review has been critical in ensuring its continued health. And the response the government has made in accepting almost all of the recommendations is going to ensure that we remain with the best financial services system in the world. (Time expired)

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