Deborah O'Neill (NSW, Australian Labor Party) Share this | Link to this | Hansard source

I move:

That the time for the presentation of the report of the Parliamentary Joint Committee on Corporations and Financial Services on its inquiry into the regulation of auditing in Australia be extended to 1 September 2020.

Jonathon Duniam (Tasmania, Liberal Party, Assistant Minister for Forestry and Fisheries) Share this | Link to this | Hansard source

I seek leave to make a short statement.

Scott Ryan (President) Share this | Link to this | Hansard source

Leave is granted for one minute.

Jonathon Duniam (Tasmania, Liberal Party, Assistant Minister for Forestry and Fisheries) Share this | Link to this | Hansard source

The government does not support an extension to this inquiry. The Senate agreed to a time line for the parliamentary joint committee to canvass important matters into the regulation of auditing in Australia.

The committee has conducted four public hearings and heard from all major submitters, including ASIC—twice—APRA, the ATO, the ANAO, the Treasury, the major accounting firms, two banks, standard bodies, academics and independent experts. The sooner the committee provides its recommendations to government for consideration the better.

Question agreed to.