House debates

Monday, 20 October 2008

Questions without Notice

Banking

2:08 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is addressed to the Prime Minister. I refer to the proposal to provide Commonwealth guarantees of wholesale term funding by banks, a measure that could result in the Commonwealth taking on hundreds of billions of dollars in contingent liabilities. Will the Prime Minister undertake that this important measure be the subject of legislation and debate in this parliament?

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