Bruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Link to this | Hansard source

Thank you for assisting us in understanding the rationale that the ministers are applying. Is the minister able to produce any evidence of a failure in audit competence that would give rise to these measures? He mentioned how things would lift the competency and audit standards. I was just wondering whether he could point to any evidence that the standards that we all expect are failing to be met at the moment, and whether he could enlighten the House about the basis of the assertion he just made.