Senate debates

Tuesday, 25 March 2014

Questions without Notice: Take Note of Answers

Future of Financial Advice

3:22 pm

Photo of Glenn SterleGlenn Sterle (WA, Australian Labor Party) Share this | Hansard source

I am quoting. I am quoting Phillip Coorey. I just want to remind that lot over there: allegedly, it is Minister Cormann who designed the FoFA. It is Minister Cormann who stood here today and said he is new to the issue and so he could not answer the questions. Someone is not telling the full truth. I want to finish the quote for that lot over there. I quote Mr Coorey, who said:

By Cormann's own admission, the stakeholders are largely opposed to what the government is proposing—

There is another 'der'! He continues:

He believes this to be more the product of misunderstanding and sloppy—

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