Senator CORMANN (Western Australia—Minister for Finance) (14:44): The government is delivering on the commitments we made in the lead-up to the last election. We are implementing improvements to our financial advice laws which are necessary to deal with the excessive, unnecessary and costly red tape that your government imposed at the behest of the union movement. We do know that the Labor Party is the political arm of the union movement in the parliament. We do know that Industry Super is the commercial arm of the union movement. We do understand that the Labor government worked very closely with Industry Super and with the unions in order to do a special deal for them. What I can say is that our focus is on the best interests of consumers and on the public interest. What we are doing is maintaining and keeping all of the consumer protections that matter. Senator Cameron interjecting— The PRESIDENT: Pause the clock. Order, Senator Cameron! Some of you on my left have been blessed with great voices, but please do not use them across the chamber constantly. Senator CORMANN: We are keeping all of the consumer protections that matter. We are keeping the requirement for financial advisers to act in the best interests of their clients. We are keeping the ban on conflicted remuneration, despite the erroneous and dishonest assertions that have been made by various people on the Labor side. In fact, the ABC's Fact Check came out and said that the assertions by shadow Treasurer Bowen that we were reintroducing commissions for financial advisers were inaccurate and scare-mongering. That is not the government saying it; this is the ABC Fact Check saying it. We are keeping in place the consumer protections that matter, but we are getting rid of the excessive, unnecessary red tape that Labor imposed at the behest of the union movement in order to protect the commercial interests of the union movement. We are focused on the public interest—not on the commercial interests of the union movement. I know that Senator Dastyari is very focused on the best interests of the union movement. We believe that not every bit of red tape is good for consumers. (Time expired)