Jane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

I can see where you are going with this, Senator McAllister, but I think you have probably answered your own questions. First of all, payday lending is not included as an acceptable product in the enhanced regulatory sandbox. Secondly, you mentioned the fact that this is a fast-moving space. Because it is such a fast-moving space, because it is so fluid, the flexibility with which regulations enable ASIC in particular to act are, I think, a far greater consumer protection than having it locked into legislation.