House debates Questions without Notice

Banking

Wednesday, 22 October 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:41 pm

My question is to the Prime Minister. Is it the Prime Minister’s contention, based on his remarks yesterday and today, that, as at 12 October, none of the Treasury, the Reserve Bank, APRA or ASIC had advised the government that an unlimited deposit guarantee carried with it the risk of causing a flight of capital from non-guaranteed funds and institutions to those institutions benefiting from the government’s unlimited guarantee?

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