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Thursday, 20 June 2013
Page: 6578

Mr TONY SMITH (Casey) (10:27): Just very briefly, the coalition is not opposing the government's amendments, as the minister said. On behalf of the shadow minister, Senator Cormann, I make one point—that is, to reconfirm the coalition's position that we want to see genuine competition in the default fund market by letting any MySuper product compete freely. I point out that, once products comply with the default consumer protection requirements, there is no need for an additional process through Fair Work Australia. But I will not labour the chamber any longer. As I said, the coalition will not be opposing these amendments.

Question agreed to.

Bill, as amended, be agreed to.

Ordered that this bill be reported to the House with amendments.

Sitting suspended from 10:29 to 11:39