Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

2:22 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

This government has now released modelling on two occasions. We have updated the modelling. We have been extraordinarily transparent on this issue. I am asked whether or not more information will be received before the bills are dealt with. I make this point about that question: Senator Cormann's motivation in asking it is demonstrated by what his leader has said. No matter what, come hell or high water—written in blood—you are going to oppose this and then you want to repeal it should you ever win government. You are not interested in more information, Senator Cormann, so do not come in here and pretend you are. You never have been. Your side has never been interested in more information; you simply want to oppose. You are an opposition incapable of good public policy debate, you are an opposition addicted to wrecking and you are an opposition which will do anything and everything you can to wreck policies which are in the national interest if you believe it is in your short-term political interest to do so. That, Senator Cormann, is the truth of it.

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