Senator GALLAGHER (Australian Capital Territory—Minister for the Public Service, Minister for Finance, Minister for Women, Manager of Government Business in the Senate and Vice-President of the Executive Council) (14:42): There is an existing regulatory arrangement around how superannuation funds operate. There were no changes to that in the announcement today. The announcement today was simply and really is about—the hysteria from those opposite!—saying that the Future Fund Board of Guardians, if they are contemplating investments and being mindful of rates of return and risk as the main priorities, should look at housing, economic infrastructure resilience and security, and the energy transition. It is hardly world-stopping news. Senator McKenzie: Point of order! The PRESIDENT: Minister Gallagher, please resume your seat. Senator McKenzie, there's no need to call out 'point of order', because I can see you standing there. Senator McKenzie: Sorry, I should have said that through the President. On relevance, the minister hasn't ruled out changing the regulatory environment. Does— Senator Wong: She did. Senator McKenzie: No, she didn't. The PRESIDENT: Senator McKenzie, you're getting into a debating point, and the minister began the answer to her question addressing your question specifically. Senator GALLAGHER: I answered the question. There are no changes to the way superannuation funds are regulated in this country.