Cormann, Sen Mathias

Senator CORMANN (Western Australia—Minister for Finance, Deputy Leader of the Government in the Senate and Special Minister of State) (14:11): The Treasurer has not ignored any relevant warnings in relation to the resourcing of ASIC. As the senator well knows, there has been a Senate inquiry into the performance of ASIC, which was also followed by a capability review initiated by this government in July last year. As you would expect any responsible government to do, we review the resourcing arrangements for all agencies of government on a regular basis. As the senator would be aware, there is going to be a budget on 3 May, and I would expect that there will be relevant announcements in the context of the budget.