Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

Out of the 76 recommendations, 40 of those will require legislation. As the Leader of the Opposition knows, there's consultation papers, there's drafting instructions and there's the exposure draft of the legislation, and then it needs to be introduced. And none other than the Law Council of Australia said that we must take the time to get this right.

The Labor Party have taken two weeks to get it wrong. They've taken two weeks to get it wrong. In the meantime, we've passed legislation through the Senate implementing two of the Hayne recommendations around trustees in super and around inducing employers in super. We're also working with the Australian Financial Complaints Authority to ensure an expansion of their remit, and today I met with their CEO. The Minister for Agriculture and Water Resources is working on a national debt mediation scheme that will help rural communities. The Minister for Families and Social Services is working on a review of financial counselling. We have announced that Graeme Samuel will chair an APRA capability review. We're getting on with it where the Labor Party are missing in action.

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