House debates

Tuesday, 21 October 2008

Questions without Notice

Banking

2:31 pm

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

My question is again to the Prime Minister. I refer to the Prime Minister’s previous answers to my questions today and to his press conference on 12 October where he said in relation to the bank deposit guarantees:

The measures I’ve announced today are based on the advice of Australia’s economic regulators. The measures I’ve announced today have been the product of extensive deliberation between myself, the Treasurer and other Ministers who are members of the Strategic Policy and Budget Committee of the Cabinet.

Given the Minister for Finance and Deregulation is a member of that committee in his own right and given he was acting Treasurer over that weekend, how does the Prime Minister reconcile his statement and his answers today with the finance minister’s repeated comments this morning on Sky News Agenda that he was ‘not aware of the specific advice that is supposed to have been given to us by the RBA governor’?

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