Senate debates

Tuesday, 25 March 2014

Questions without Notice

Future of Financial Advice

2:27 pm

Photo of Mark BishopMark Bishop (WA, Australian Labor Party) Share this | Hansard source

My question is to the acting Assistant Treasurer, Senator Cormann. I refer the minister to the collapse of Westpoint where 4,300 people, including many Western Australians, lost $310 million after receiving conflicted financial advice. Given that the government remains committed to bringing back commissions and conflicted remuneration, what will stop another Westpoint happening?

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