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Tuesday, 28 August 2001
Page: 30405

Mr KELVIN THOMSON (5:15 PM) —The opposition agrees with the amendments which are being proposed here, so there is no controversy in relation to that. In relation to the observations by the Minister for Financial Services and Regulation about the start-up time, it will be the responsibility of the shadow minister for financial services and regulation, Senator Conroy, to comment and express opposition views on the merits of particular start-up dates. We emphasise that it is important that within the financial services industry there be as little uncertainty as possible—and there has been a fair bit of uncertainty in the way the legislation has been developed and on this question of start-up time. It is important that that uncertainty be minimised, and I hope that the minister's announcement does not contribute or add to that, but that we are able to get some certainty about commencement dates as soon as possible.

Question resolved in the affirmative.