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

I thank Senator Whish-Wilson for that question. Obviously, the remuneration of employees of businesses across Australia is a matter for the boards of those relevant companies. In Australia, we have a very robust regulatory framework in place when it comes to the financial services sector. We have a very robust prudential regulatory arrangement. We have a very robust compliance arrangement in place. There are a range of law enforcement processes currently underway, and it would not be appropriate for the government to pre-empt the outcomes and the conclusions of those law enforcement processes. I know that Senator Whish-Wilson would like the government to jump to a conclusion and pre-empt the outcome of those processes, but we don't think that's appropriate.