Katy Gallagher (ACT, Australian Labor Party, Shadow Minister for Finance) Share this | Hansard source

We know that ASIC received referrals from nine separate Commonwealth agencies relating to the scheme, including the Australian Cyber Security Centre. Referrals have included serious and organised crime targeting early release of superannuation payments, real estate agents encouraging tenants to access super to meet rental payments, credit providers advising borrowers to use super to meet loan repayments and members of the public being charged fees to access super.

So, having made those comments, Labor will support this bill. We do, however, have a second reading amendment that has been circulated in my name which I will also move. It replicates an amendment moved in the other place to this bill by my colleague the member for Whitlam. Unfortunately the government voted against their own election policy and what we understood to be government policy. They voted against this in the House. I hope that this amendment gets the support of the chamber both from those opposite and the Labor Party. I move:

At the end of the motion, add:

", but the Senate calls on the Government to commit to ensuring that all Australians have a decent retirement, including by committing to:

(a) no cuts to the legislated superannuation guarantee for Australian workers, and

(b) adequate funding for the aged pension".

I'm sure that's an amendment that everyone in this place could and should support.