Media Centre

The text discusses the importance of household electrification in reducing emissions and highlights the need for policies that promote consumer choice, embrace new ideas, and fight inflation. The Senate Inquiry aims to explore ways to turbocharge household electrification, focusing on principles such as incentivising electrification, supporting consumer choice, and listening to the community to drive down prices and promote environmental advantages.

Liberal Senator Andrew Bragg expresses concerns about lack of enforcement of penalties by regulators like ASIC, highlighting cultural issues and the need for deterrence through jail time for white-collar criminals. He also questions the effectiveness of proposed reforms and voices doubts about the support for a Voice referendum.

Labor's PwC-busting laws lack credibility without strong law enforcement commitment, rendering the initiative ineffective. Without addressing ASIC's governance issues and lax enforcement, white-collar crime will continue to be tolerated in Australia.

New laws to prevent future corporate scandals will be ineffective if Labor doesn't take corporate law enforcement seriously, as ASIC's lack of transparency and enforcement efforts are concerning. Labor's support of ASIC's secretive practices could lead to more malfeasance, hindering effective law enforcement and transparency in Australia.

The Senate faces challenges investigating ASIC due to ongoing obfuscation, hindering transparency and accountability. Labor aims to end ASIC's secrecy and Executive interference to strengthen corporate regulation and combat financial crime in Australia.

Senator Andrew Bragg supports the Voice referendum but suggests recalibrating the process to build consensus for a successful outcome, advocating for a delay to next year to improve wording and garner bipartisan support.

ASIC's obstruction and obfuscation persist as they fail to comply with a Senate order for document production, undermining the Senate's investigative role. The Executive Government's complicity in the obstruction is concerning, prompting consideration of all options to continue the inquiry.

Labor's inaction on digital asset regulation is worsening de-banking in Australia, hindering innovation and causing economic harm.

ASIC is frustrating the Senate's investigation into law enforcement in Australia. A bipartisan Report highlights ASIC's failure to enforce the law and calls for an end to its secrecy and interference in the parliamentary process.

The Federal Government is focusing on changing rules for financial advice in superannuation, ignoring similar changes in banking and insurance sectors. Senator Bragg criticises the Minister for prioritising super funds over consumer interests, highlighting the need for affordable and accessible financial advice.