Senate debates

Tuesday, 15 July 2014

Questions without Notice

Financial Services

2:16 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

My question is to Acting Assistant Treasurer, Senator Cormann. Is the senator aware that at the Senate inquiry into the changes to the future of financial advice legislation, a witness representing the Australian Bankers' Association stated that they had an expectation, based on consultation with the current government, that changes would be made or technical amendments would be sorted out prior to 1 July. Can you confirm that your government gave the Australian Bankers' Association this expectation? Is this why you took a regulatory approach to the FoFA amendments rather than introducing contested legislation into the parliament? I seek leave to table a copy of the transcript from the Senate inquiry?

Leave granted.

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