House debates Questions without Notice

Budget

Tuesday, 10 December 2013 House of Representatives

Joe Hockey

Joe Hockey North Sydney, Liberal Party, Treasurer

2:55 pm

There are two issues that need to be addressed. No. 1: the Reserve Bank Reserve Fund never went below 10 per cent when we were in government. That is my best recollection of it: we never went below. And we had consistent dividends taken out of the Reserve Bank during that time. Then, again from memory, in 2008-09, the then Treasurer took $5½ billion out of the Reserve Bank—

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