House debates

Wednesday, 24 September 2014

Questions without Notice

Financial Services

2:54 pm

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

My question is to the Treasurer. It has been reported today that the CEO of the Financial Services Council, John Brogden, has said in relation to financial advice:

The level of trust as at an all-time low. We need a circuit breaker. Self-regulation is not enough.

Treasurer, why is the government so determined to rely on self-regulation when the savings of millions of Australians are at risk?

Comments

No comments