Stephen Jones (Whitlam, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

I again refer the member to the details within the explanatory memorandum, which answers many of these questions, together with the government response to the Senate legislative inquiry. The regulator will have the powers that the regulator has under the competition and consumer laws. It is not the role of parliament to determine what the penalty will be—that's the role of a court. It's the role of parliament to determine what the maximum penalty may be for a breach under these laws, and that is the normal course of events in these things.

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