Senator CORMANN (Western Australia—Minister for Finance) (14:03): I thank Senator O'Neill for that supplementary. The consultation on improvements to our financial advice laws has been going for more than 3½ years. We were very clear, in the lead up to the last election, what our objective was. Our objective was to ensure that we had a robust but efficient regulatory system in place, which was competitively neutral and where consumers or people saving for their retirement, managing their financial risk through life, were able to access high-quality advice they can trust and which is also affordable. The changes that were supported by the Senate yesterday—and I thank the Senate for supporting the government's reforms—will help deliver exactly that. That was a very good outcome. The government does not have the numbers in the Senate. Surprise, surprise. We understand this. Yesterday afternoon, when Labor was starting to worry about what might happen, shadow Treasurer, Chris Bowen, was trying to do a deal with the government, but his deal was very bad. He was trying to send me a last-minute letter to do a deal, but we rejected Labor's deal. (Time expired)