Senate debates

Tuesday, 15 July 2014

Regulations and Determinations

Corporations Amendment (Streamlining Future of Financial Advice) Regulation 2014; Disallowance

4:40 pm

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

Through the chair, Senator Cormann is meant to be a minister of this government. He is meant to be a voice in this government. This is a government that no longer controls its agenda.

What worries me is that today we have broken the hearts of thousands of Australians who rely on and should be able to depend on non-conflicted, strong, good financial advice. What we have instead—from a government that have already said that they are not prepared to take any action on something as large as the financial planning scandal—is another deal that will give the government another opportunity to go around and collect the donations from their friends from the big end of town. Once again, those Australians who do not have the voice to speak for themselves—who do not have the lobbyists, who do not have the money or the power—have been silenced by this government.

Government senators interjecting—

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