Senate debates

Wednesday, 13 February 2019

Questions without Notice

Banking and Financial Services

3:01 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

I reject the premise of the question. We are taking action on all 76 recommendations, but 40 of the 76 recommendations do require the drafting of complex legislation. In order to do that in a proper, orderly and competent fashion, it will involve some engagement with relevant stakeholders. There is no circumstance in which, over the next few weeks, we could sensibly pass legislation to deal with those 40 recommendations, and that is why we are prioritising our actions. We are taking strong action. I have listed some of the measures that we have already taken and are taking in my response to the primary question. We are just getting on with the job, whereas the Labor Party continue to focus on ancient history.

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