Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Dastyari for that question. I am very happy to confirm for Senator Dastyari that the government is committed to implementing our important improvements to the Future of Financial Advice laws in full. The legislation to give effect to that election commitment was introduced in the House of Representatives last week and is continuing to progress through the usual parliamentary process, including through a Senate inquiry to be chaired by my friend and colleague Senator Bushby, the chair of the Senate Economics Legislation Committee.

What I have done, as a sign of good faith and to facilitate further consultation with key stakeholders in this particular area of public policy, is to say that we would not proceed immediately with pressing the go button on the regulations related to the legislation. I would just make the general point—