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Tuesday, 24 November 2015
Page: 8728

Senator WHISH-WILSON (Tasmania) (12:56): Just before you move on, let me get on record that there very well may have been amendments that the Australian Greens would have put up to this, including the extension of 30 days to 60 days for opt-in. we did hear a lot of evidence during the inquiry that 30 days was sufficient time. Most financial planners and most financial advisers, have good databases; the information systems where their clients would well and truly have advance notice of the requirement for an opt-in and that still gives them a month to do follow-up work on those clients. So that is an example of something we very well might have put an amendment up for. But let me get on record here today that we have not had time to consider amendments. We have not had time to even consider the amendments in front of us and we are very disappointed that we have not had the opportunity to do our job in the Senate, which is to scrutinise this and actually see if we can improve the legislation.

Bill, as amended, agreed to.

Bill reported with amendments; report adopted.