House debates Questions without Notice

Economy

Tuesday, 22 February 2011 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Treasurer

2:16 pm

Greater competition will bring greater value for money and a better deal. Those opposite are happy to have these unfair exit fees, as high as $7,000, locking customers in forever. When customers get very unhappy with the behaviour of their bank, they cannot move. We are for greater competition and better value for mortgage holders. The shadow Treasurer has not got the ticker to stand up to the banks.

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