Graham Perrett (Moreton, Australian Labor Party) Share this | Hansard source

I rise to talk about a very serious issue that needs a lot more time, but I can expand on it at another time. It is about the offshoring of jobs from the financial sector to overseas countries. Obviously the Australian service sector currently undertakes many jobs that have the protection of our privacy laws and the like. Unfortunately many of the major banks are looking at moving some of these jobs offshore to places like India, where wages are significantly less. The problem is that our privacy laws do not apply to the people who are contracted to do work for banks in India, and that means—

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