Zed Seselja (ACT, Liberal Party) Share this | Hansard source

Thank you. I will continue. They are sensitive on the CFMEU links. That is why Senator Cameron spent so much time defending them. That is why he spent so much of his speech defending them, because the CFMEU links are critical to this, because the industry super funds here get a special deal. That is what we are talking about. We are talking about a sweetheart deal for the industry super funds, who leak information to the likes of the CFMEU, who hand over information to the likes of the CFMEU, as we have heard at the royal commission.

I will go to the facts of the type of sweetheart deal we are talking about. Senator Cameron said in his speech: 'What's wrong with having to opt in every two years? What's wrong with that? What's wrong with actually asking people to opt in every two years?' I will tell you. The industry super funds who provide this type of advice are not required to ensure people opt in every two years. In fact, people may not know that they are paying these kinds of fees to the industry super funds. So you can have nondisclosure, if you are an industry super fund, and you can have a situation with those industry super funds where there is no opt-in. So what we are talking about is an absolute sweetheart deal for their mates. That is why we see the sensitivity. That is why we see Senator Cameron shouting across the chamber. That is why we see Senator Wong shouting across the chamber. We have been watching this royal commission and seeing how close some of these industry super funds are to these unions.