Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

2:49 pm

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

Mr President, I ask a supplementary question. We are talking about $15, $20 or $30 an hour that consumers are being slugged. Does the government support the ACCC submission to the just released draft Productivity Commission report where it argues that 'more monitoring and more inquiries will not constrain the exercise of airports' market power and does not provide an effective ongoing solution'? Does it support the ACCC's proposal for a deemed declaration regime for aeronautical services under part IIIA of the Competition and Consumer Act, as well as mandatory access undertakings for services such as car parking?

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