House debates

Tuesday, 21 October 2008

Questions without Notice

Banking

2:12 pm

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

I refer the Prime Minister to his answer to my previous question, in which he told the House that the strategic policy and budget committee of the cabinet made its decision on the deposit guarantee measures and then sought a second-hand view of the position from the Reserve Bank via the Treasury secretary, Mr Henry. How does he reconcile that with his statement on 12 October where he says, ‘The measures I have announced today are based on the advice of Australia’s economic regulators’?

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