Bruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Hansard source

It is quite simple: Treasury officials are funded by appropriation. You have a football team of them here, Minister. They certainly are related to the budget. I am confident you would be able to cope with them.

Ms O'Dwyer interjecting—

I have never seen anything like it before! I hope you appreciate us seeking clarification about how your portfolio is financed, Minister. What is the status of the review of the definition of retail and wholesale clients? The options paper was released in January 2011 and submissions closed over a year ago, on 25 February 2011. It is unclear why it has taken so long. Have any decisions been made to abandon this process or to change the process? When can we expect an announcement relating to that?

Finally, regarding APRA regulated funds, were all of them compensated for losses in Trio? Has the process for providing compensation been finalised? I would be grateful for an answer to a couple of those questions. (Time expired)

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