Target Benefit Pension PlansPublished on 19 November 2014 Hansard and Statements by Senator Joan Fraser (retired)
Hon. Joan Fraser (Deputy Leader of the Opposition):
Honourable senators, in the absence of a clear answer, I’m driven to conclude that negative-option voting is at the very least being considered.
If memory serves, there was outrage across the land, including in the government, when the cable television people wanted to do negative-option billing. Cable television is a bit of a luxury; one’s pension is not a luxury. Why is a negative-option procedure unacceptable for a luxury but acceptable when it comes to one’s retirement income?