House debates

Wednesday, 22 October 2008

Questions without Notice

Banking

2:29 pm

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

My question is to the Prime Minister. Is the Prime Minister aware that much of Australia’s finance for farmers and small business is provided by institutions which, despite their size and creditworthiness, are not benefiting from the government guarantee and, as a consequence, are only able to refinance a very small proportion of their funding requirements? What does the Prime Minister have to say to farmers and small businesses that will, as a consequence of his unlimited deposit guarantee, be unable to secure the leasing and other business finance they need to keep Australia working?

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