Chris Pearce (Aston, Liberal Party, Shadow Minister for Financial Services, Superannuation and Corporate Law) Share this | Hansard source

Thank you, Mr Deputy Speaker. Unemployment is now forecast to rise and the government would have us believe that all of this is within their plan. This is despite their war on almost everything that opens and shuts.

The coalition welcomes this very long-overdue piece of legislation. This is the piece of legislation that we asked the government to introduce. We asked the government to do this weeks and weeks ago. For weeks the government berated us in the parliament and told the Australian people that it was not needed, that it was not required and that they had everything in hand, and yet today we see this piece of legislation tabled in the parliament. We support this legislation. It is long overdue and it is another sign that this government really does not understand what they are doing in relation to the global financial crisis, which of course is of great concern to the people of Australia.

See this speech in context