Anne McEwen (SA, Australian Labor Party) Share this | Hansard source

My question is to Senator Minchin, the Minister representing the Treasurer. Is the minister aware of Reserve Bank figures that show credit card debt passed $37 billion in August? Doesn’t this mean that every credit card in Australia has an average $2,820 worth of debt on it? Isn’t this credit card debt now at the highest level since records began? Can the minister now explain how the Prime Minister’s decision to give the green light to another hike in interest rates this week will make it easier for families to pay off their credit card debts?