29 May 2021

The list of conservatives backing away from the Government’s super reforms is growing by the day.
Craig Kelly, Bob Katter and now Gerard Rennick all know the Your Future, Your Super legislation fails the coalition’s most basic tenants.

They recognise no Australian Government should ever be given the power to cancel a private sector investment.
That’s what happens in dictatorships, not market economies.
Yet this is exactly what Josh Frydenberg could do if this legislation passes in its current form.
That’s why I’ve written to coalition Members and Senators to highlight how a vote for the current bill is a vote for the dead hand of Chavez-style Government intervention.
 It’s a crazy idea that would increase sovereign risk and set a dangerous precedent.
Labor  agrees with the Government about the need for genuine reform of the super system to bring about better returns for hardworking Australian families.
We’ve been offering bipartisan cooperation on this bill to achieve that aim.
Instead, Josh Frydenberg has left the reservation on some kind of power trip to make himself Trustee-in-Chief for $3.1 trillion in retirement savings.
Labor calls on Coalition members of good faith in both houses to bring the Treasurer back to his senses.
Remove the earmark from the legislation.
Present a bill to the House that the crossbench, Labor and your own senators can agree on.
And let’s work together to give Australians the best return possible on their super investments.