Senate debates
Monday, 23 June 2014
Questions without Notice
Future of Financial Advice
2:00 pm
Sam Dastyari (NSW, Australian Labor Party) Share this | Hansard source
My question is to the Acting Assistant Treasurer, Senator Cormann. Senator, I refer you to your recent announcement regarding the Future of Financial Advice package. Is the minister aware that over 100,000 Australians have been victims of collapsed investment schemes such as Storm Financial and Timbercorp? Why is the minister winding back consumer protections, reintroducing kickbacks to financial planners and removing the opt-in that stops fees eating into savings and investments?
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