Senate debates

Wednesday, 2 December 2020

Regulations and Determinations

Corporations Amendment (Litigation Funding) Regulations 2020; Disallowance

6:49 pm

Photo of James PatersonJames Paterson (Victoria, Liberal Party) Share this | Hansard source

I know we're pressed for time. I want to make a brief contribution to this debate because I am chairing the relevant inquiry. I will soon be handing down the report into this question and I want to share some facts that have been omitted from this debate so far. If Senator O'Neill's motion today were to be successful, litigation funders would no longer have to seek and be granted an AFS licence. What does an AFS licence require someone to do? It requires them to act efficiently, honestly and fairly. Which of those three, Senator O'Neill and the Greens, do you think should not be required of litigation funders?

Senator O'Neill interjecting—

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