Design and Distribution Obligations and Product Intervention Powers

House of Representatives BILLS

Watch Matt's speech here

Mr KEOGH (Burt) (19:29): What an amazing situation we find ourselves in today, to be finally discussing this piece of legislation, the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018. I want to pick up on the remarks that were made by the member for Forrest, because I thought she made some very interesting observations about the way banking used to be done and the way in which people used to be able to place trust and faith in their bankers. Only a few weeks ago, I held a meeting in my electorate with a number of customers of banks—farmers, small business owners, former small business owners, and people who just borrowed money to buy a home. I did this because of the short time that was being made available—

Debate interrupted.