Senate debates

Wednesday, 3 December 2008

Questions without Notice

Economy

2:32 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I was just going to conclude on a couple of other points where we have acted decisively by way of comparison. As I was mentioning, we have introduced single standard national uniform regulation of all financial services in Australia. We are one of the first countries in the advanced economies to do so. We have learnt some lessons from what occurred with the mis-selling and distribution of mortgage products in the United States. Sixthly, the government has been active all year in coordinating our actions with key global partners. As I said earlier, the Australian economy is not isolated from world—

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