Senate debates

Monday, 14 July 2014

Questions without Notice

Future of Financial Advice

2:13 pm

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

My question is to the Acting Assistant Treasurer, Senator Cormann. I refer to the financial advice regulations that Labor tabled last Thursday, and I refer to comments by Mr Michael O'Neill, the CEO of National Seniors, that these changes 'clearly put big business ahead of consumers' and 'these regulations wind back vital consumer protections introduced after corporate collapses left thousands of elderly Australians destitute'. Minister, are National Seniors correct?

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