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

The Albanese government expects all superannuation funds to act in the financial interest of their members. There have been long debates about governance of superannuation funds in this country, and that's why we have APRA here—to ensure that the responsibility for the best interests of members is met by superannuation funds.

On this side of the chamber, we acknowledge the valuable role that unions have played in establishing, advocating for and arguing for superannuation in this country, and we believe they have a right to sit at the table, in the interests of their members and the funds that those funds administer on their members' behalf. Senator Bragg, again, your war on superannuation is all that seems to drive you in this chamber, but it is a significant financial asset for millions of Australian workers in this country. (Time expired)