House debates

Wednesday, 24 September 2014

Questions without Notice

Future of Financial Advice

3:01 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

The now Leader of the Opposition was so embarrassed about his own laws in relation to financial advice that he introduced an original explanatory memorandum and then he introduced a replacement explanatory memorandum and then he introduced a revised explanatory memorandum and then he introduced a supplementary revised explanatory memorandum—and then he introduced yet another supplementary explanatory memorandum for a bill he did not understand, even though he is called 'Bill'. We are the people who have taken action to empower ASIC by simplifying laws and ensuring we go after criminals who engage in this sort of activity.

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