Steven Ciobo Moncrieff, Liberal Party, Shadow Minister for Small Business, Independent Contractors, Tourism and the Arts
2:21 pm
My question is to the Treasurer. I refer the Treasurer to the Reserve Bank minutes released today which contain the statement:
Many businesses were facing higher risk margins when loan facilities were rolled over or renegotiated, and many had experienced a significant tightening in the terms under which credit was available.
Why are our government guaranteed banks making debt so much more expensive and difficult for small- and medium-sized enterprises?
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