Anthony Albanese (Grayndler, Australian Labor Party, Leader of the Opposition) Share this | Hansard source

No, your bloke was the one that was sacked from jobs, mate. There was the idea that you would then go on to have a profession. You might be a plumber or in construction. You'd have different priorities. You need different insurance in terms of your job. The fact is this will staple people to funds that aren't appropriate for them. It will staple them to underperforming funds for life. It is bad policy.

There's no level playing field in terms of performance and monitoring. We agree that all funds should be subject to performance assessments. The government doesn't believe this. They're excluding funds that some three million Australians are members of. They're some of the for-profit funds. They're some of the funds with the highest fees. They're some of the worst performing funds. How surprising! And this is in contrast to the recommendation of the financial services royal commission. It's in direct contravention of it. But they're prepared to stand up for these funds because they don't actually want a level playing field—because, when you look at a level playing field, industry super wins every time as the best performers. This exposes the ideological agenda of this government. They've gone to every election, like in 2013 and 2016, and said they wouldn't interfere with the super guarantee, but then afterwards they did. They wanted to interfere with this one as well. It's only because, like a whole range of other changes, they're just waiting until after the election and you get Liberal and National parties 'unplugged'. The Liberal and National parties unplugged is killing superannuation stone-cold dead. They said it the other night. It's what they believe. It's what they do at every single opportunity that they have to undermine our superannuation system, while Labor— (Time expired)

See this speech in context