House debates

Wednesday, 9 December 2020

Bills

Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020; Second Reading

12:13 pm

Photo of Paul FletcherPaul Fletcher (Bradfield, Liberal Party, Minister for Communications, Cyber Safety and the Arts) Share this | Hansard source

Firstly, I would like to thank those members who have contributed to this debate on the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020 and the Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020. The government is committed to implementing its response to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and is delivering on 21 of its commitments through this legislation. The reforms in this legislation represent a critical component of restoring trust and confidence in Australia's financial system. I commend these bills to the House.

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