I completely reject the assertion that Senator Bishop has made. What we are doing is restoring some balance. We are making sure that our financial advice laws facilitate the most efficient, the most transparent and the most competitive financial services system possible, where consumers can have confidence in the quality of the advice they are receiving and where consumers can get access to that advice at the most affordable price possible. That is because—guess what—the consumer interest goes beyond just the mere focus on imposing additional red tape. The consumer interest actually goes into people saving for their retirement having access to quality, affordable advice. (Time expired)

Honourable senators interjecting—