Deborah O'Neill (NSW, Australian Labor Party, Shadow Assistant Minister for Innovation) Share this | Hansard source

Senator Williams, I do acknowledge your efforts in this regard, very much so. Eventually, those opposite grudgingly acknowledged their error of judgement in protecting the banks for so long and set up the royal commission. We have heard some shocking evidence presented to the royal commission, and yet those opposite still want to give the banks a $17 billion tax cut. We need Australia's financial regulators to be strong and to operate as effectively and efficiently as possible. That's why Labor will be supporting this bill.