Senate debates

Thursday, 19 September 2019

Bills

Treasury Laws Amendment (Putting Members' Interests First) Bill 2019; In Committee

1:07 pm

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Shadow Cabinet Secretary) | Hansard source

I have an additional question for the minister. As you're aware, Labor has sought to amend the legislation and been unsuccessful in the changes that we propose, particularly in relation to the opportunities and obligations of trustees to gain relevant information. Our feedback is that funds consider that they will require some level of support or guidance from APRA to assist them in interpreting those obligations, particularly given that the amendment that we had proposed in relation to reasonableness has been rejected by the chamber. I wonder if you could brief us on what discussions you have had with APRA in this regard?

Comments

No comments