Question Time AU

Bill Debate · Second Reading

Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025; Second Reading

House of Representatives · Tuesday 7 October 2025

Continued from Thursday 4 September 2025.

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

The debate centred on the bill's extension of energy market protections and instant asset write-offs, alongside changes to regulatory oversight. The Opposition argued the bill extended successful Coalition policies while reducing accountability for financial regulators amid superannuation losses. The Government defended the measures as necessary for market stability and small business support, highlighting previous Labor initiatives. A National Party member raised concerns about the handling of superannuation fund collapses and the lack of government response to affected investors.

Outcome

The debate was interrupted before a vote was taken.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Continued the debate

Ted O'Brien (Fairfax) (Liberal Party) Liberal

O'Brien moved an amendment noting that the bill extended Coalition policies and reduced the frequency of assessments for ASIC and APRA. O'Brien argued that the Government was adopting measures previously introduced by the Coalition to control energy prices, which had risen significantly under Labor. O'Brien criticised the proposal to assess regulators every five years instead of two, citing losses from First Guardian and Shield superannuation funds. O'Brien stated the Coalition would not oppose the bill in the House but would refer it to a Senate committee for further scrutiny.