House debates
Monday, 17 March 2008
Questions without Notice
Economy
3:25 pm
Malcolm Turnbull (Wentworth, Liberal Party, Shadow Treasurer) Share this | Hansard source
My question is addressed to the Treasurer. Given the importance of Australia’s strong regulatory and monitoring regime in ensuring our financial system is resilient and secure in the face of international shocks, such as the current global credit crisis, is it still the government’s intention to cut $129.8 million in funding to ASIC, as recently announced by the Minister for Finance and Deregulation? Does the Treasurer really understand the impact of this significant budget cut on Australia’s independent corporate watchdog?
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