House debates Appropriation Bill (No. 1) 2010-2011

Consideration in Detail

Monday, 21 June 2010 House of Representatives

Joe Hockey

Joe Hockey North Sydney, Liberal Party, Shadow Treasurer

5:42 pm

Budget Paper No. 1, at 10-8, shows that net debt will peak in 2012-13 at $93.7 billion. I refer the minister to legislation that passed through this parliament providing a guarantee for state government borrowings provided by the Commonwealth. An amendment moved by the coalition and accepted by the government was that there should be full disclosure through a register of those people who are purchasing government bonds. Given that it has been nearly a year, as I recall, since that legislation was passed and gazetted, at what point will the government comply with the law and disclose who is actually lending Australia all this money?

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