House debates

Monday, 12 February 2018

Questions without Notice

Payday Lending

3:03 pm

Photo of Tim HammondTim Hammond (Perth, Australian Labor Party, Shadow Minister for Consumer Affairs) Share this | | Hansard source

My question is to the Minister for Revenue and Financial Services. I refer to reports that a group of government backbenchers, known as the parliamentary friends of payday lending, have enlisted the Treasurer to water down the Minister for Revenue and Financial Services' payday lending legislation. Why is this government protecting unscrupulous operators in the payday lending industry by watering down this important legislation, instead of protecting vulnerable Australians who are already doing it tough?

3:04 pm

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Treasurer) Share this | | Hansard source

As the matter falls to my portfolio responsibility, I can inform the member that the report is entirely false.

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The Manager of Opposition Business will resume his seat.

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Treasurer) Share this | | Hansard source

I'm happy to repeat it. As the matter falls within my portfolio responsibilities, I can inform the House that that report is false.