Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I don't accept the assertions that Senator Bragg has included in his question. I would say that I would have more faith in APRA, the regulator, to examine any concerns there may be about any particular superannuation group than in Senator Bragg. APRA have already announced the steps that they are taking. They are the regulator. They have the authority to ensure that superannuation funds, whether it be Cbus or others, are acting in the best financial interests of their members.

We know that Senator Bragg has an ideological obsession and hatred of industry super funds in particular, and I think these matters would be best left to APRA to work through their processes. (Time expired)