Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

Let me highlight the greatest broken promise in Australian history—and it did involve the co-contribution. In 1995 the then Labor government committed to universal co-contribution at a total cost estimated then of approximately $5-6 billion. The then Liberal opposition, of which Senator Coonan was a member, did sign up to that particular promise.