Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Again, I am not involved in the specific mechanics of all of that, but nothing that Senator Faulkner has just said to the chamber is in any way inconsistent with what I have said on behalf of the government. What I have said, on behalf of the government, is that we announced on 20 June some regulatory changes which we believe improve our financial advice laws. Those regulatory changes were registered on 30 June and came into effect on 1 July and, consistent with all of the rules, procedures and laws of the land, and consistent with those requirements, they will be tabled by Tuesday next week. The purpose of that—and I have also been very transparent and candid about this—is so I can in good faith brief new crossbench senators in relation to matters that are highly technical, and about which a lot of misleading misinformation has been spread in the public domain.