House debates

Wednesday, 23 February 2011

Questions without Notice

Banking

2:33 pm

Photo of Julia GillardJulia Gillard (Lalor, Australian Labor Party, Prime Minister) Share this | Hansard source

In answer to the shadow Treasurer’s question, let me adopt the following words and quote them to him because I think they are very wise words. They come from a member of the coalition, one of his Senate colleagues, Senator Williams. He said:

For 18 months now I have called for the abolition of exit fees on variable loans. When the banks raise their fees, and last December we saw Westpac and St George raise their fees more than the Reserve Bank did—

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