Milton Dick (Oxley, Australian Labor Party) Share this | Hansard source

I don't know where to start, with the member for Petrie. Not only have we now confirmed he is an apologist for the big banks, an apologist for the multinational companies who he wants to give big tax cuts to; now the evidence he's presented to rip off people with their superannuation, to push up prices, is—his big evidence—we've got to look after real estate agents as real estate agents need defence. I've heard it all, that, somehow, his defence and the government's defence is all about getting people into the home market and protecting superannuation.

I thought I'd better check what the industry is saying about this, what the experts are saying about it. I'm not sure if the member for Petrie read the submissions to the draft legislation and the submissions. I didn't read a lot of support for the government's legislation from experts. There were, of course, the real estate agents the member for Petrie is desperate to look after, not working people in his own electorate. When I read the submission from Industry Super Australia, they said about this bill, this great body of work, that the first-home super saver scheme potentially exacerbates the housing affordability problem; it also undermines the goal of the superannuation system as a provider of adequate retirement income.

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