Deputy Liberal Leader Ted O’Brien leaps to the defence of the lucky few Australians with $3 million or more in their superannuation … asking Assistant Treasurer Dan Mulino if he said tax changes would affect 10% of Australians.

Daniel Mulino, Assistant Treasurer, Minister for Financial Services:

This is a policy, as I stated yesterday, on a number of occasions, that is a well-designed, applies to around half a percent of members and applies to funds that are $3 million or larger.