Senate debates

Wednesday, 7 February 2018

Bills

Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2018; In Committee

10:56 am

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

Is Senator Cormann aware that the previous chair of ASIC, Greg Medcraft, said that he believed remuneration was clearly a driver, particularly in finance, because finance is money, when he was asked this same question? Is the minister aware that Mr Medcraft, who obviously spent a lot of time looking at misconduct and issues within the banks, believed their remuneration structures were part of the problem?

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