Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

As I have said, this government intends to correct the gap and close it in respect of the disclosure of covered short selling and the Corporations Act 2001. It is a very important change in terms of disclosure in the context of current markets. What we do need to see also from the Liberal opposition, particularly during these uncertain financial times, is a responsible approach to the budget. They should cease their raid on the budget. We need a healthy budget surplus in these uncertain financial times. We need an important buffer, an important cushion, in these uncertain financial times. The Liberal opposition should stop attacking our budget and should stop criticising the independent financial regulator, ASIC, in respect of the actions it has taken—an independent regulator that they created with commissioners that they appointed and with powers that they gave to their independent regulator. (Time expired)