House debates Questions without Notice

Murray-Darling Basin

Monday, 18 October 2010 House of Representatives

Bruce Scott

Bruce Scott Maranoa, National Party

2:44 pm

My question is to the Treasurer. Is the Treasurer aware of the advice provided to the Murray-Darling Basin Authority by an independent banking consultant that the mere release of the Guide to the proposed basin plan could cause a write-down in farm asset values, triggering a breach of loan covenants and providing banks with a reason to call in their loans? What discussions have you had personally with the banks to dissuade them from penalising farmers in this way?

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