Kevin Hogan (Page, National Party, Shadow Minister for Trade and Tourism) Share this | Hansard source

I rise to speak in favour of the amendment moved by the member for Hume. There's a lot in this bill, the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024. Some of it we agree with and some of it we would wave through. I'm going to touch very briefly on the payments reform part of this bill, and then I really want to go in and talk about the mandatory climate disclosures and what that is going to do if this bill goes through as drafted by the Labor Party.

Firstly, with the payments reform, as the member for Hume said, we're very concerned about the proposal to remove parliamentary scrutiny over the changes to the voting power on the ASX. Currently those voting powers are limited to 15 per cent, and any change requires regulations to be altered. We've moved amendments on that.

But let's go straight to the mandatory climate disclosures. I think that, if you were to look at any bill and any legislation that passes through this parliament, somewhere in there you'd see, I hope, good intentions or something altruistic that is good for the community, good for the country, good for businesses and good for families. I suppose, in some way, you can see what this government is trying to do here, and you can see an altruistic plan that they have about this. But, again, as the Leader of the Nationals just articulated, what this bill does and what this really quite extreme left-wing government that we have in power at the moment—I'll actually say this is probably the most extreme left-wing government we've seen in this country for many, many decades.

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