Chris Ketter (Queensland, Australian Labor Party) Share this | Hansard source

My question is to the minister representing the Treasurer, Senator Cormann. I refer to Mr Medcraft, chair of ASIC, who warned in 2014 that the Abbott-Turnbull government's $120 million cuts meant ASIC's 'proactive surveillance will substantially reduce across the sectors we regulate, and in some cases stop'. Minister, why did the Treasurer ignore this warning?