Don Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

Don't take the bait? Alright.

Honourable senators interjecting —

That'll be handy. Despite what Senator Ruston said, I will preface my comments, because I had 15 years experience on one of the best and the biggest superannuation funds in this country. And on not one occasion was a political donation made to either the Liberal Party, the Labor Party or any other party. So this idea that, particularly, industry super funds are out there handing out moneys to political parties, particularly the Labor Party, is simply untrue. We used to talk about fake news. You don't hear it so often since President Trump has gone. Senator Bragg, this is fake news.

The job of industry superannuation funds is to get the best return for their members. In my experience, every one of those funds has been doing exactly what they were asked to do by their members, and that is get the best result possible. (Time expired)