Senate debates

Monday, 12 September 2011

Questions without Notice

Future Fund

2:45 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

I would refer the senator to my previous answers to Senator Cormann and Senator Joyce which make clear the government's position in relation to this matter. But I would say that if those opposite care so much about fiscal responsibility they can deal with their $70 billion black hole and they can explain why they voted to increase the government's liabilities when it comes to superannuation. You supported Senator Ronaldson's bill, which will increase public sector civilian and military superannuation liabilities—a decision that Senator Minchin was not prepared to come into this chamber and vote for. So you want to come in here and talk about unfunded liabilities, but you add to them yourselves by the way you vote. The reality is the opposition have no economic or fiscal credibility. They think that because they once sat near Peter Costello that gave them fiscal credibility. Well, it does not.

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