Bernie Ripoll (Oxley, Australian Labor Party, Shadow Minister Assisting the Leader for Small Business) Share this | Link to this | Hansard source

My question is to the Prime Minister. Why has the Prime Minister put the Assistant Treasurer in charge of future of financial advice laws which reduce accountability, reduce transparency and reduce consumer protection?

Tony Abbott (Warringah, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

It is the Assistant Treasurer's job to deal with those particular matters. On that point I should say to the member who asked the question that the legislative package which the Assistant Treasurer has before the parliament will actually save the sector and the sector's clients $200 million a year every year.