Senator CORMANN (Western Australia—Minister for Finance) (14:16): I actually agree 100 per cent with the quote that Senator Dastyari just read out. Consumers do need access to professional advice. And guess what? Not every bit of red tape is good for consumers. Not every bit of red tape actually helps to ensure that consumers can have access to professional advice. What we need is a robust but efficient regulatory system in which people across Australia saving for their retirement, managing their retirement or managing financial risks through life, can access high-quality— Senator Dastyari: No-one believes you. The PRESIDENT: Senator Dastyari, you have asked your question. Senator CORMANN: advice they can trust but which is also affordable. Of course, the regulatory system ought to be competitively neutral as well as being robust and efficient. We are making some balanced changes in the public interest. You made changes that were driven by the vested commercial interests of union funds. We are focused on the public interest. (Time expired)