House debates

Tuesday, 15 July 2014

Questions without Notice

Future of Financial Advice

3:01 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Deputy Prime Minister. I refer the Deputy Prime Minister to his previous answer and I also refer him to comments by the CEO of the Council on the Ageing Australia, Ian Yates, about the government's watering down of important consumer protections:

Independent legal and professional advice confirms that these regulations are against the best interests of Australian consumers.

…   …   …

This issue has been second only to pension cuts in recent representations to us by COTA members …

Why is the government making it harder for older Australians to save for their retirement?

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