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

Thank you. I could not have been more direct in my answer to that question. I said, 'No', right at the beginning to that part of the question. You clearly did not listen to what I had to say. The senator was clearly just jumping up with his pre-organised point of order, making an assumption about what I was going to say rather than about what I actually said. As far as we are concerned, we on this side of the parliament understand that good financial advisers across Australia fulfil a very important role. They help people with their financial health and wellbeing. They help people manage financial risks and maximise financial opportunities. They are dealing with other people's money so there ought to be an appropriately robust regulatory framework in place, but it has to be one where you have an appropriate balance between high level consumer protection— (Time expired)