Senate debates

Wednesday, 13 May 2020

Questions without Notice

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

2:16 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

I don't think that any reasonable Australian would argue with the proposition that given the circumstances—given the extent of the crisis and given the need to ensure that our banks and our financial system can focus 100 per cent on supporting our economy through this period—the decisions that were made by the Treasurer to defer the implementation of relevant measures is appropriate. I don't think that anyone would disagree—that is, I don't think anyone reasonable would disagree—with the proposition that, in the circumstances, it is entirely appropriate for this deferral to have occurred, and of course, at the right time, we will revisit those reforms.

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