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Wednesday, 6 December 2017
Page: 9833

Senator CORMANN (Western AustraliaMinister for Finance and Deputy Leader of the Government in the Senate) (12:05): That's right. Let me go back to what I said right at the beginning when I dealt with these issues when Senator Cameron moved his amendments. Under our one-stop shop, consumers will be able to approach one body to resolve all financial disputes, eliminating uncertainty, confusion and inconsistency of outcomes and the cross-referral of disputes between bodies. Where a complaint covers multiple providers within the financial system, managing these complaints will be smoother. This provides efficient and binding outcomes. But, yes, the answer to Senator Cameron's question about the circumstances in which a review by the Federal Court could occur is that that is accurate.