Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I thank Senator Colbeck for his contribution. I note also, in terms of my responsibilities for ASIC and corporations law, the removal of the dual regulation is important in the context of administrative costs, red tape and the administrative burden. I commend the bill to the Senate.

Question agreed to.

Bill read a second time.