Senate debates

Wednesday, 19 November 2014

Business

Rearrangement

9:55 am

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

Talking about delivering for special interests, the Greens do not have any connection to your alleged Labor-union-driven industry super fund. I come at this from a totally different perspective. During the FoFA inquiry, the Australian Bankers' Association made it clear in black and white—and it is a shame Senator Sinodinos has left the chamber—that they had a deal with you, Senator Cormann, and your government to deliver changes to regulations before 30 June. They had not even changed their back-office compliance systems, worth potentially hundreds of millions of dollars. They were that confident that you were going to deliver for them. They were big donors to your political party.

This is about delivering for consumers, about delivering for seniors. A bank employee came to me only last week, saying off the record that he was at risk of losing his job—he works for one of the big four—because he had not met his monthly sales targets. When he told his boss he did not think it was appropriate—

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