Senate debates Regulations and Determinations
ASIC Corporations (Banking Code of Practice) Instrument 2018/700; Disallowance
Matthew Canavan Queensland, Liberal National Party, Minister for Resources and Northern Australia
6:00 pm
The government does not support this motion. The government supports action by the financial services industry to provide consumers with more rights to hold institutions to account. The Australian Securities and Investments Commission's support for this code not only is an important part of rebuilding the community's trust in the financial sector but also puts pressure on other sectors to raise their standards in how they deal with consumers.
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