Senator O'NEILL (New South Wales) (14:00): Mr President, my question is to the acting Assistant Treasurer, Senator Cormann. I refer to comments by Michael O'Neill, CEO of National Seniors, who has described the government's actions yesterday to secure its watering down of financial advice as a 'grubby' deal which treats older Australians with contempt. Won't the government's grubby deal leave consumers vulnerable to dodgy advice?