Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

Mr President, I ask a supplementary question. Given the record Australian high net foreign debt—whether it is public or private, it is still all net foreign debt and at a record high—has now reached more than half the total value of Australia’s gross domestic product, which is the recognised danger zone of adverse international reaction, when will the government take urgent policy action to minimise the growth risk to Australia’s economy?