Senate debates

Tuesday, 14 August 2012

Bills

Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012; In Committee

6:09 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Parliamentary Secretary for Sustainability and Urban Water) Share this | Hansard source

Based on the information I have been provided by the very competent people who have been dealing with this issue in the lower House and who are now advising me in the Senate. The suggestion in your amendment is that this is an underhand way of trying to push smaller funds out of the market or to stop new funds from coming into the market.

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