Julian McGauran (Victoria, National Party) Share this | Hansard source

Mr President, I ask a supplementary question. How does the government’s decision to cut not only the $6 million from ASIC but also the $2 million a year from the budget of the Australian Prudential Regulation Authority allow those bodies to properly do their job at this time of global crisis? Isn’t it a fact that the Labor government has left Australia’s financial regulators dangerously underresourced at this critical time?