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

As I have indicated, the government have acted decisively. We have concluded consultations in respect of the best way to ensure effective disclosure of covered short selling. The Liberal opposition, after a year and three inquiries and after ignoring the issue for seven years, still cannot make up their mind. The government is acting on the advice of the independent regulator ASIC and the Stock Exchange. They are the two expert bodies that have provided advice as to the detail of the regime to ensure the integrity of the markets in respect of covered short selling. But the Liberal opposition still cannot make up their mind one year on. We have had three inquiries, including one they initiated. They were against inquiries, apparently. On these vital issues of confidence and of the regulation and supervision of the share market in this country, we have acted on the advice of ASIC and the Stock Exchange.