Tuesday, 19 February 2019
Questions without Notice
Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
After talking to the Treasury implementation taskforce about the various recommendations from the Hayne royal commission, this is one where we really need to carefully work through the implementation. It will require a consultation paper and discussion with key stakeholders.
It was interesting that when the Labor Party, at this doorstop earlier today, announced that they were going to provide part responses to just six per cent of the Hayne recommendations there was the conspicuous absence of any talk about Labor's position on mortgage brokers. That is because the member for Hotham, who's now left the chamber, went out publicly and said the Labor Party will implement every single recommendation of Hayne, and one of those recommendations relates to the fee model for mortgage brokers. We on this side of the House have said that we stand with mortgage brokers; that there are 17,000—