House debates

Monday, 2 March 2015

Bills

Australian Securities and Investments Commission Amendment (Corporations and Markets Advisory Committee Abolition) Bill 2014; Second Reading

12:11 pm

Photo of Bernie RipollBernie Ripoll (Oxley, Australian Labor Party, Shadow Minister Assisting the Leader for Small Business) Share this | Hansard source

I am not cynical. I am just thinking about experience and history, particularly this government's What does it do? If it needs advice, it goes and seeks advice and says, 'Here is the outcome, now provide us with the 500 or 600 filler pages—whatever the number of pages. We will pay whatever amount of money.' Because, that does not count. Red-tape, bureaucracy and inefficiency do not count as long as they get the outcome that they want. I would not come in here and say all of these things unless there was something behind this supporting it. I have all the evidence that I need in this retrograde step to abolish a fantastic committee that does really great work, and I am looking for reasons here. I think, 'Well, it can't be the dollar saving because it is so small that it makes no difference.' If this government thinks it is going to turn around the economy and create jobs by getting rid of CAMAC, I would like to hear that. That would be of interest. I would like to hear how they are going to do that.

I am not sure about other people, but I remember Joe Hockey, the Australian Treasurer, saying that he would deliver a surplus in 12 months—

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