Senate debates

Wednesday, 12 May 2010

Tax Laws Amendment (2010 Measures No. 1) Bill 2010

In Committee

10:16 am

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party, Shadow Minister for Finance and Debt Reduction) Share this | Hansard source

This would deny APRA the capacity to actually be a regulator. If they are going to be APRA regulated you either believe that APRA can regulate the industry and provide competency in delivery or you do not. It seems peculiar. Minister, I think you have three times, in pieces, discussed wider engagement in this industry. We are merely going back to your former position. We are asking that you give APRA the capacity to do the job. If a person cannot pass APRA’s specification for what is required then it is not so much about Medicare’s competency to provide the service but APRA’s competency to do the job. I have confidence that APRA would be able to do the job.

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