Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

Everyone knows that Labor is making them poorer. Disposable income has fallen by 8.7 per cent, Australia is at an 18-month per capita recession and annual economic growth is stagnating at just 1.5 per cent. Today Australians woke up to the news that Labor is now going to not just rob them of their financial present, but also rob them of their financial future by changing the rules that govern the Future Fund. Remember this: the Future Fund is a $200 billion asset that is owned by every Australian. Created in 2004 with just $60 billion, it has grown to $200 billion. It belongs to each and every Australian, and they woke up yesterday to the government going to change the way that fund is managed and the decisions that can be taken by the fund managers. And don't believe Senator Gallagher; don't even believe Senator Smith. You only have to listen to the comments of the first chairman of the Future Fund.

Question agreed to.