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

I move:

That the Senate take note of the answers given by the Minister for Finance and Administration (Senator Minchin) and the Minister for Communications, Information Technology and the Arts (Senator Coonan) to questions without notice asked by Senator Sherry today relating to interest rates and to the property development company, Westpoint.

On the matter of interest rates, which a couple of my colleagues will be dealing with in greater detail, last week we had the second rise in interest rates since the re-election of the Howard government. These rises were despite the promise given by the Liberal government at the last election that interest rates would not go up.