House debates

Wednesday, 22 October 2008

Questions without Notice

Banking

2:41 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 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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