House debates

Wednesday, 9 September 2009

Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009

Consideration in Detail

7:07 pm

Photo of Chris PearceChris Pearce (Aston, Liberal Party, Shadow Minister for Financial Services, Superannuation and Corporate Law) Share this | Hansard source

The minister wants to come in here and talk about consistency. Really! This is the minister with the failed Fuelwatch, the failed GroceryWatch and the failed employee shareholder scheme. I understand. I could be wrong—the minister could clarify this—but I do not think this minister has ever actually had a job outside of politics. I do not think this minister has ever had a job in which he would have been paid a base salary and performance pay. To my knowledge—and I could be wrong—the minister has never had a job in the corporate world. That is part of the reason why we have policies coming before the parliament such as Fuelwatch, GroceryWatch and employee share schemes. The point I am making about this bill is that I am applying logic to it. What I am saying is that executive pay is made up—

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