Kelly O'Dwyer (Higgins, Liberal Party, Minister for Revenue and Financial Services) Share this | Hansard source

I thank the member for her question. I note that she believes, along with those opposite, that it is incredibly important that the mandated superannuation system, in which we force people to defer their wages that they earn today to save for their retirement income into the future—they think it is acceptable that it has lower governance standards than that that currently apply to banks and life insurance companies. It is ridiculous to think that millions of Australians who have their money in superannuation funds would have funds that have lower governance standards than what currently applies to banks and to life insurance companies.

Mr Brendan O'Connor interjecting —

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