James Paterson (Victoria, Liberal Party) Share this | Hansard source

I had concluded my contribution but, since I've been invited by Senator O'Neill to continue, allow me to say I'm much more comfortable in arguing for consistent regulation across all of our financial services providers, so that everybody is on an even playing field, than Labor or Greens senators should be arguing for tax-haven-domiciled financiers who are making extraordinary profits off, frankly, very vulnerable people. Through the inquiry we have heard many tales of participants in class actions getting only cents in the dollar of what they deserve to get—

Senator O'Neill interjecting—

from their rightful payout, because of these people. You might be comfortable defending them, Senator O'Neill and the Greens, but I think that reflects on you. Our concern should be for class action participants, not for those who are making superprofits out of our justice system.