Senate debates

Wednesday, 20 June 2012

Bills

Corporations Amendment (Future of Financial Advice) Bill 2012, Corporations Amendment (Further Future of Financial Advice Measures) Bill 2012; Third Reading

12:49 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

Mr President, I seek leave to make a 30-second statement.

Leave granted.

This is just to put on the record that the coalition remains strongly opposed to these deeply flawed and conflicted bills. In the interests of assisting the Senate we will not be calling another division. This is to place on record that this legislation will unnecessarily increase red tape and costs for consumers and small business, which is why we are recording our opposition to it and our vote against it.

Question agreed to.

Bills read a third time.

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