STATEMENT ON SENATOR POCOCK’S DISALLOWANCE MOTION

I welcome Senator David Pocock’s motion to disallow the Anti-transparency Super Regulations. These Regulations will conceal $35 million in payments to unions by 2030 based on AEC data. The transparency of super fund expenditure, particularly to political or semi-political organisations, must be beyond reproach. Canberra established compulsory super, therefore we have a responsibility as a Senate to maintain the integrity and transparency of the scheme. The Senate can demonstrate that it is beyond reproach by supporting Senator Pocock’s motion. If the disallowance is successful, Australians will be furnished with the complete picture of their fund’s financial arrangements. Even the most ardent super supporters know that this is the right thing to do.