Senate debates

Monday, 10 February 2020

Bills

Treasury Laws Amendment (2018 Measures No. 2) Bill 2019; In Committee

9:09 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

My understanding is that it's largely the cost of the advice that goes into obtaining these licences that is prohibitive, and, unless the company can be sure that they have a viable business model, it is a barrier to increasing competition in financial services.

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