Peter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

I haven't looked at the amendment in any detail. I think the principle is a good one, but I'm not sure how it is going to work. It sounds very subjective to me. I think ASIC making a deliberation about whether it will be good ultimately for the consumer or to the consumer's benefit, or in the public interest, kind of defeats the purpose of having a sandbox and testing these products. I'd be interested to hear what the minister has to say, but I'm not sure how ASIC would come to those conclusions for an individual company or a product or service that's being tested. I'd be interested to hear what the minister has to say about how that would work in principle.