Senate debates

Tuesday, 5 September 2023

Bills

Financial Accountability Regime Bill 2023, Financial Accountability Regime (Consequential Amendments) Bill 2023; In Committee

12:31 pm

Photo of Malcolm RobertsMalcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

The minister says, in effect, that she agrees they're parasitic predators. Legislation needs to have teeth. Without teeth, massive regulation protects the big four from accountability because of the complexities needing deep pockets for lawyers. A farmer or a small-business man or woman cannot afford the lawyers that the big banks resort to at the drop of a hat, because they're protected by deep, complicated legislation. These barriers are barriers to accountability. Are you aware of that, and what do you plan to do about it?

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