Senate debates

Thursday, 3 March 2011

Questions without Notice

Banking

2:41 pm

Photo of Nick XenophonNick Xenophon (SA, Independent) Share this | Hansard source

Mr President, I ask a further supplementary question. Two of the major banks, through their subsidiaries, have an over 11 per cent share in the Bank of Queensland and the same two major banks have a 17.5 per cent share in Suncorp. Yet both the Bank of Queensland and Suncorp have received this RMBS funding. On this basis, why have they and not Aussie Home Loans received RMBS funding, particularly when you consider that their contribution to the major banks that have shareholdings, in relative terms, would be much greater to their bottom line?

Comments

No comments