Senate debates

Tuesday, 24 November 2015


Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014; Second Reading

12:41 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank those senators who have contributed to this debate. I would also like to acknowledge and thank Dr Chalmers, Mr Bowen and Mr Ripoll for working with the government to help facilitate bipartisan support for the government amendments to this bill that will be moved shortly. This bill seeks to deal with a number of minor and uncontentious technical refinements to the FoFA regulatory regime, which is designed to ensure that we minimise the level of the compliance burden without reducing the important and necessary consumer protections in place in the context of the financial advice industry. I commend the bill to the Senate.

Question agreed to.

Bill read a second time.


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