Senate debates

Thursday, 15 June 2017

Bills

ASIC Supervisory Cost Recovery Levy Bill 2017, ASIC Supervisory Cost Recovery Levy (Collection) Bill 2017, ASIC Supervisory Cost Recovery Levy (Consequential Amendments) Bill 2017; Second Reading

1:03 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party) Share this | | Hansard source

I am aware of the Senate's desire to get to the Criminal Code Amendment (Protecting Minors Online) Bill 2017, so I seek leave to have my speech incorporated into Hansard.

Leave granted.

The speech read as follows—

            This Government and ASIC

                  Financial Counselling

                                    The need for a Royal Commission

                                                                    banks putting intense pressure on the regulator to dial down media releases;

                                                                    the widespread sale of junk add-on insurance,

                                                                    unconscionable treatment of small business borrowers, and

                                                                    concerns about the responsible lending practices with respect to interest only loans; and

                                                                    the 200 million dollar fees for no service scandal.

                                                                          1:04 pm

                                                                          Photo of Scott RyanScott Ryan (Victoria, Liberal Party, Special Minister of State) Share this | | Hansard source

                                                                          I thank senators for their understanding and commend the bills to the Senate.

                                                                          Question agreed to.

                                                                          Bills read a second time.