Senator CORMANN (Western Australia—Minister for Finance) (14:11): I completely reject that assertion. We on this side of the chamber understand that this is a highly technical area of our laws, and that it is quite easy for people with political motivation, or with vested commercial interests like Labor's friends in the union-dominated industry funds, to create mischief in order to— Opposition senators interjecting— The PRESIDENT: When there is silence on my left we will proceed. Senator CORMANN: Just to make sure that Labor is absolutely clear, we remain committed to the policies we took to the last election. We are progressing those policies through legislation that was introduced in the House of Representatives last week which continues to progress through the parliament and we have paused the implementation of the regulation related to that legislation—even people on the Labor Party side of the parliament should understand some basic process issues like that.