Alex Gallacher (SA, Australian Labor Party) Share this | Hansard source

I said 'Senator Stoker' and then 'Paterson', so thank you—point of order taken. The reality is we know what the world was like prior to '84, '86 and '87, when unions created industry super funds. We know how immeasurably better the world became in '92 when it became the superannuation guarantee. We've had 27 years of uninterrupted economic growth, and our pride in our savings pool should be a national pride. We can do better, and no-one on this side of the chamber says anything other. But to take away that security overlay that is there in group life insurance is fraught with real challenges, and it will impact on the most vulnerable. And you need to see that, rather than having the tax take in the forward estimates of $600 million.