Julie Owens (Parramatta, Australian Labor Party) Share this | Hansard source

What an extraordinary contribution! I can only come to the conclusion that the shadow Treasurer is speaking on the wrong bill. This bill, the Corporations Amendment (Phoenixing and Other Measures) Bill 2012, does not go into the issue of penalties for directors. There was another bill before the House of Representatives Standing Committee on Economics last year, which the committee inquired into, which did involve directors penalties. The committee, in its recommendation suggested that those provisions—

See this speech in context