Sandy Macdonald (NSW, National Party, Parliamentary Secretary to the Minister for Defence) Share this | Hansard source

These bills provide the framework for the government to divest ownership of the Commonwealth residual mortgage insurance contracts to an acquirer at such time as an agreement to do so has been reached. The need to wind up the Commonwealth involvement in the lenders mortgage insurance business has long been recognised by the government. These bills enable the government to achieve this and I commend the bills to the Senate.

Question agreed to.

Bills read a second time.