Thursday, 21 October 2010
I wish to clarify comments I made this morning during a morning doorstop interview. When I referred to ‘their lunatic fringe type ideas’, I was referring to the policy on banking being proposed by the Australian Greens towards a super profits tax on banks. At no time did I relate these comments to those made by the shadow Treasurer when he called for a debate on the future of banking, as the banks continue to ignore the government’s warnings. In fact, when I was directly asked I commended Mr Hockey’s actions as Minister for Financial Services and Regulation, as he then was, to ensure that Australia’s banks were solid institutions. I support a public debate on this issue. I seek leave to table the transcript.