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

We have consulted widely in opposition and in government. We have consulted with a range of organisations as you would expect us to do, including the Australian Bankers' Association, the Financial Services Council, the Industry Super Network—now Industry Super Australia—and other organisations, along with all of the Australian people because it was transparently part of our policy. To remove any doubts, on 20 June, I released a five-page statement which seems to have escaped the notice of the Shadow Treasurer and the Shadow Minister for Financial Services and Superannuation because they somehow think that the regulations which took effect on 1 July were a surprise when they were actually based on a very thorough and consultative process. (time expired)