Senate debates

Wednesday, 3 December 2008

Questions without Notice

Automotive Industry

2:12 pm

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

I am not absolutely sure that that was completely relevant to the primary question, but I am more than happy to deal with it. As I mentioned, the government regrets the announcement by GMAC and GE Money that they will be closing their automotive financing businesses. We are working with the automotive industry and the banking industry to evaluate practical solutions. My department—the department—has facilitated meetings between the industry and Treasury and the Department of the Prime Minister and Cabinet concerning this issue. The Treasury currently has task forces dealing with a whole category of market linked investments.

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