Senate debates

Tuesday, 8 July 2014

Questions without Notice

Future of Financial Advice

2:06 pm

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

Thank you very much, Senator Dastyari. The improvements that we have made to our financial advice laws will help restore the balance between appropriate levels of consumer protections while making sure that access to high-quality advice that people can trust remains affordable. Of course, in relation to tabling the regulations, we will do the exact same thing that the previous government did in these circumstances: we will comply with all of the rules, all of the procedures and all of the legal requirements when it comes to the tabling of the relevant regulations.

I look forward to the opportunity of talking to my friends in the Palmer United Party, talking to my friends Senator Day and Senator Leyonhjelm, to make sure that everybody understands exactly what we are doing and what we are not doing. Senators on the crossbench—and we of course warmly welcome them to this chamber—have been on the receiving end of a lot of dishonest misinformation. They have been on the receiving end of a lot of vested interests pushed by the Labor Party. I will ensure that the rules and procedures that are in the law are complied with. (Time expired)

Comments

No comments