House debates

Tuesday, 21 October 2008

Questions without Notice

Banking

2:05 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

In the midst of a cabinet meeting, which was a meeting of the strategic planning and budget committee of the cabinet, and with members of that committee present or online, at the conclusion of a discussion of a range of options before the government, I explicitly put this question to the Secretary of the Treasury: ‘Is the position being recommended here that of the regulators?’ He answered, ‘It was, and that includes the Reserve Bank.’

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