Cormann, Sen Mathias

Senator CORMANN (Western Australia—Minister for Finance) (14:52): That is not what the government is doing. Unlike the Labor Party, which was acting to pursue the vested commercial interests of one particular segment in the financial services market, we are actually focused on the public interest. We are focused on making sure that people across Australia who are saving for their retirement and are wanting to manage their retirement can have access to high-quality advice that they can trust and which is also affordable. You are just trying to help your union mates who are desperately keen to get themselves into a better competitive position in the financial services market.