House debates Questions without Notice
Australian Prudential Regulation Authority
Malcolm Turnbull Wentworth, Liberal Party, Shadow Treasurer
2:37 pm
My question is addressed to the Treasurer. Given the central importance of the Australian Prudential Regulation Authority in ensuring the stability of the Australian financial system, why is it that one week before the expiry of the terms of office of its chairman, John Laker, and member Ross Jones, the government has not announced whether these members will have their terms renewed or be replaced by others? Are these among the many vital appointments being held up for last-minute decision in the chaos of the Prime Minister’s office?
Harry Jenkins Speaker
The Treasurer is not obliged to answer the last part of the question.
Wayne Swan Lilley, Australian Labor Party, Treasurer
The answer is no—they have been reappointed.