Senate debates

Monday, 10 February 2020

Bills

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

9:18 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

I'd ask that you ask your staff, as to the summaries that have been put forward on what fintech is, what a regulatory sandbox is and the use of the regulatory sandbox. What we're dealing with here tonight is giving exemptions to financial advisers. That's what it says in the Bills Digest, Minister. I know these things aren't going to be sold to retail, to customers, because they're being tested; they may be one day. It certainly looks like it is aimed at getting financing, and that's why this exemption is in place. That's what the Bills Digest says. I'm interested in why we can't come to an understanding here.

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