House debates

Wednesday, 12 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

1:07 pm

Photo of Jamie BriggsJamie Briggs (Mayo, Liberal Party, Chairman of the Scrutiny of Government Waste Committee) Share this | Hansard source

I was talking about the banking industry's troubles during the global financial crisis and how we dealt with those. I thought that was dealing with the bill in hand.

In conclusion, this is a good proposal brought forward by the shadow Treasurer and which has been slowly but surely adopted by this Treasurer. We appreciate the fact that he has taken his time to get it right. The coalition will be supporting this proposal because it is a good proposal. The other eight points in the shadow Treasurer's plan were also good proposals and we hope that the Treasurer will continue to work through them and implement them because we think we have the right plan to get the right balance.

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