Senate debates

Tuesday, 8 July 2014

Questions without Notice

Future of Financial Advice

2:04 pm

Photo of Sam DastyariSam Dastyari (NSW, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. Is the minister also aware that ASIC has found 'there is an industry wide problem of very poor advice, including problems of conflict of interest'? Given that there is an industry-wide problem of poor quality advice, did the still Acting Assistant Treasurer have any regard to ASIC's concerns when he made regulations winding back the FoFA reforms?

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