John Williams (NSW, National Party) Share this | Hansard source

‘Monstrous profits’, he called out. Who owns them? I asked that question of an accountant, a financial adviser, a couple of days ago and he said 10 to 20 per cent of the ownership of those companies is in superannuation funds—the $1.3 trillion superannuation funds of the workers, those very people that you are supposed to represent. They are the investors, the owners of such mining companies. But that word ‘profit’ is a dirty word over there in the Labor Party. They would much rather see businesses not make a profit. They would let everyone just go to the wall.