Mitch Fifield (Victoria, Liberal Party, Minister for Communications) Share this | Hansard source

I heard Senator Macdonald behind me ask if that's a supplementary question, because I don't think it directly relates to the primary question. Nevertheless, we share with all colleagues in this place concern about the activities that have been identified in the banking and finance industry. That's why the government have for quite some time taken strong action, even pre-dating the royal commission, to give stronger powers to ASIC, to give more money to ASIC and to introduce the BEAR regime for banking executives. So absolutely we share the concern of Mr Costello and people in this place and around the community that banking standards need to lift. We along with colleagues here and in the other place intend to ensure that that happens. (Time expired)