John Williams (NSW, National Party) Share this | Hansard source

I have had my say on FoFA regulations, and the exaggeration you put forward is amazing. I have said what we have done with the Economics References Committee's 61 recommendations. We talked about a royal commission. I instigated the Senate inquiry into liquidators; 4½ years ago I called for a royal commission into white collar crime, from phoenix and Ponzi schemes right through the system, and, now, from financial planners, we have discovered, and there is more to come out about that as well. So, as I said, we are on a united ticket with Senator Bishop and Senator Whish-Wilson. Senator Dastyari played a major role, and yet here he is today attacking the FoFA regulations. It is a total exaggeration to say that the FoFA regulations have been wound back—a total exaggeration.

Senator Conroy interjecting—

I have followed them closely, Senator Conroy. Perhaps it is not an exaggeration that you might be leaving us soon. Is that an exaggeration, or is that just a vicious rumour around the chamber? You might confirm that. In conclusion, Senator Dastyari's question was a total exaggeration. (Time expired)