House debates

Thursday, 23 October 2008

Questions without Notice

Banking

2:30 pm

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

The independence and reputation of our financial regulators is key and critical to each of the matters which the Leader of the Opposition has raised in his question today. Furthermore, the maintenance of the independence of the regulators is doubly important. We had a pattern of behaviour which occurred when the member for Higgins was Treasurer, when the then Secretary to the Treasury had his bonus cut because he had the temerity to deliver a speech which did not meet with the political support of those opposite, and what we see today is a continuation of that pattern of behaviour. This government has a great relationship with the Treasury.

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