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

The government is delivering on the commitments we made in the lead-up to the last election. We are implementing improvements to our financial advice laws which are necessary to deal with the excessive, unnecessary and costly red tape that your government imposed at the behest of the union movement. We do know that the Labor Party is the political arm of the union movement in the parliament. We do know that Industry Super is the commercial arm of the union movement. We do understand that the Labor government worked very closely with Industry Super and with the unions in order to do a special deal for them. What I can say is that our focus is on the best interests of consumers and on the public interest. What we are doing is maintaining and keeping all of the consumer protections that matter.

Senator Cameron interjecting—