Senate debates

Thursday, 11 June 2020

Motions

Financial Sector

5:03 pm

Photo of Jonathon DuniamJonathon Duniam (Tasmania, Liberal Party, Assistant Minister for Forestry and Fisheries) Share this | Hansard source

On 8 May the government announced a six-month deferral to the implementation of commitments associated with the royal commission as a result of the significant impacts of the coronavirus. As stated by the Treasurer at the time, the deferral will enable the financial services industry to focus their efforts on planning for the recovery and supporting their customers and their staff during this unprecedented time. Importantly, since Commissioner Hayne's final report was released, the government has implemented 24 commitments and has substantially progressed a further 35 through consultation and the preparation of draft legislation.

Question agreed to.

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