Louise Pratt (WA, Australian Labor Party) Share this | Hansard source

I have a question this afternoon for the Minister for Superannuation and Corporate Law, Senator Sherry, and I would like to note the extreme daily volatility on our stock markets, which seems to be driven by low levels of confidence and low levels of certainty. I would like the minister outline to the Senate why now more than ever the role of responsible government and independent regulators is to deliver as much certainty as possible to Australian financial markets. I would also like the minister to outline if he is aware of any regulatory gaps in the market, and, if so, why the previous government might have failed to act on these after more than 11 years in government. Also, can the minister outline how the Rudd government has taken decisive action aimed at providing certainty to our financial markets during these uncertain times?