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Thursday, 21 March 2013
Page: 2961

Ms O'NEILL (Robertson) (13:43): It is with great pleasure that I rise to speak on the Superannuation Legislation Amendment (Service Providers and Other Governance Measures) Bill 2012. Happily, on 29 November last year, the House of Representatives referred this bill to the PJC and we undertook an inquiry in Melbourne on 22 January and reported to the House on 5 February. We made nine recommendations. In taking testimony from a number of witnesses, we were key players in the area of superannuation. We were able to make recommendations, in large part, which have been acknowledged by the government and incorporated into the amendments that are before the parliament this afternoon.

In the very short period of time that remains to be allocated to this debate, I want to acknowledge the contributions of the Financial Services Council, particularly Mr Andrew Bragg; the Association of Superannuation Funds of Australia and the contributions of Ms Pauline Vamos and Ms Fiona Galbraith; the Law Council of Australia, Ms Pamela McAlister; Industry Super Network, Mr Richard Watts; the Australian Institute of Superannuation Trustees, Mr David Haynes; and, from Treasury, Mr Jonathan Rollings, who made a significant contribution to our inquiry and provided us with critical evidence which informed the amendments which I commend to the House on this day. I recommend that the amendments in the bill be passed by the parliament.

The DEPUTY SPEAKER ( Hon. BC Scott ): Order! The debate is interrupted in accordance with standing order 43. The debate may be resumed at a later hour.