Senate debates

Wednesday, 6 December 2017

Bills

Treasury Laws Amendment (Putting Consumers First — Establishment of the Australian Financial Complaints Authority) Bill 2017; In Committee

12:15 pm

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

Firstly, I need to correct Senator Whish-Wilson's perception. It does come under the purview of ministers in the elected government to make these sorts of judgements on behalf of the Australian people. The minister will make a one-off appointment of the independent chair and a minority of the board, and the ongoing composition of the board is going to be a matter for the board itself.

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