Jenny McAllister (NSW, Australian Labor Party, Minister for the National Disability Insurance Scheme) Share this | Hansard source

Responsibility for managing investments and making sure that investors get accurate information about prospective investments for them lies with ASIC. ASIC has been taking action in relation to some of the cases that are before them and that you saw on the program last night. The NDIA, of course, wants people in this market to have good information, and so earlier this year, in July, updated information was provided about SDA investment considerations for investors. That advice directs investments to government agencies that can give advice or support to resolve issues that may come about for people who've invested in SDA. That's work that has been undertaken in consultation with the commission; with ASIC, the Australian Securities and Investments Commission; and the ACCC. We want all of our markets—this one and a whole range of other investment markets—to work well, to be transparent and to be conducted honestly in the interests of investors.