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

You have raised the issue of competition reform and the payments that were made. It is a similar approach but it is not identical. As I have said, we intend to have very clear benchmarks, reporting back and penalties. Competition payments were, I think, withheld or delayed in the case of some states. It was a similar approach, but I think there were legislative requirements underpinning competition policy—I am trying to reflect on the formal process that occurred there. It was somewhat similar but not identical.