Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

As I indicated in my answer to the first question, the government is implementing the recommendations that have been made, as appropriate. Obviously, whenever you are presented with recommendations, as a government, you consider the recommendations that have been made and how best to achieve the best possible outcome, and that is what the government is doing. We believe that the financial system regulation is in much better shape today as a result of the decisions that this government has made. We believe that ASIC is much better resourced now and has much more appropriate powers to deal with the sorts of issues that Senator Hanson raised.