House debates

Thursday, 1 September 2016

Documents

Banking and Financial Services; Consideration of Senate Message

6:20 pm

Photo of Michael McCormackMichael McCormack (Riverina, National Party, Minister for Small Business) Share this | Hansard source

No, I am talking about the member for Maribyrnong. A tribunal I might add that was going to place Riverina truck-driving family businesses off the road and do the same thing right throughout the nation. It took a gallant effort by the Minister for Employment, Senator Michaelia Cash, and this side of parliament to absolutely strike that out—as we should have, because family truck drivers keep this nation running, and to have them put off the road was a damn disgrace.

The government recognises that the financial services sector has not always lived up to the standards expected by the Australian community. We understand that, and that is why this government is implementing the most significant package of reforms to the financial sector in recent history. We didn't see too much from that side when they were in government. Six sorry years in government just racked up the debt and deficit. They never called for a royal commission—

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