House debates

Thursday, 22 March 2012

Bills

Corporations Amendment (Future of Financial Advice) Bill 2011; Consideration in Detail

5:15 pm

Photo of Bill ShortenBill Shorten (Maribyrnong, Australian Labor Party, Minister for Financial Services and Superannuation) Share this | Hansard source

I thank the member for Bradfield for his invitation. First things first: I have just listened to an unsubstantiated attack on the member for Lyne. I make it very clear that in relation to amendment ZA284—that is, opt-in or a code of conduct—the only reason this government has diverged from just demanding opt-in compulsorily, full stop, is because of the member for Lyne, because of the Financial Planning Association of Australia and because of the application. He has stood up for financial planners and he has made a cogent case.

Comments

No comments