House debates Questions without Notice

Banking

Tuesday, 25 November 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:00 pm

My question is addressed to the Acting Prime Minister. Given the government has now adopted the coalition’s position on an appropriation bill to back the bank wholesale funding guarantee to ensure millions of customers in Australia fully benefit through lower interest rates, fees and charges, will the government now act to fix its bungled deposit guarantee and listen to Australia’s leading bankers, who insist the cap must be cut to as low as $100,000 as soon as possible?

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