Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

The Senate will now consider the proposal from Senator Bragg:

Pursuant to standing order 75, I propose the following matter of public importance be submitted to the Senate for discussion:

The failure of Assistant Treasurer Stephen Jones to appropriately consult with regard to the inclusion of civil penalties in the Financial Accountability Regime legislation, and his subsequent backflip under instruction from the Treasurer and Prime Minister, thereby creating significant uncertainty in the financial sector and again demonstrating that this Minister is incapable of measured policy development and administration.

Is the proposal supported?

More than the number of senators required by the standing o rders having risen in their places—

I understand informal arrangements have been made to allocate specific times to each of the speakers in today's debate. With the concurrence of the Senate, I ask the clerks to set the clock accordingly.