Senator MARK BISHOP (Western Australia) (14:01): My question is to the Acting Assistant Treasurer, Senator Cormann. I refer the minister to comments from the Council on Ageing that abolishing the requirement for financial advisers to act in the best interests of their clients 'simply weakens protections and the recourse for consumers against dodgy advisers'. Why is the government putting Australia's retirees and their incomes at risk by proceeding with these retrograde changes?