House debates

Tuesday, 19 April 2016

Questions without Notice

Financial Services

2:18 pm

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

My question is to the Prime Minister. Prime Minister, the Liberal government cut ASIC funding by $120 million and ignored 41 warnings by ASIC on its need for greater powers and resources. How can Australians possibly trust this Prime Minister to deal with high-profile financial scandals when the Prime Minister's own record shows he would rather cover up misconduct in the banking and financial services industry than stand up for ordinary Australians?

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