Senate debates

Monday, 10 February 2020

Bills

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

9:17 pm

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

The exemption is for the product, not the advisers. Any adviser still has to be licensed. They still have to have products on an approved product list. I doubt there would be an approved product list that would have on it a fintech product that had been listed in the ASIC sandbox a couple of weeks before. That just seems an unlikely scenario.

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