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

I am advised that the regulations can be worded such that they do not take effect until the Senate has an opportunity to disallow or there could be an amendment to the primary bill. I would urge you to accept the word of the minister. There are consequences if an undertaking given on the record by the minister is breached. There are consequences, and I think we are all aware of that. You would take into account an obvious breach of trust in your dealings with the minister. I am very confident that will not happen. The minister has given that assurance. I am happy to place it on the record on behalf of the government.