James McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

The government acknowledges the issues raised in the royal commission and supports a superannuation system with a strong regulatory framework that protects members' money and members' interests above all else. The government currently has a bill before parliament, the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Bill 2017, which will strengthen APRA's powers and penalties. We will consider the findings and recommendations of the royal commission when it completes its inquiry.

Question agreed to.