Senate debates

Wednesday, 26 November 2008

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

In Committee

6:03 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I can indicate that there has been broad consultation with the Australian Bankers Association, the ABA, representing the banks—what are known as the ‘big four’ and the regionals—and Abacus, which represents credit unions and building societies. I am not able to indicate the extent, number et cetera of individual one-to-one meetings. They were certainly not with me, Senator Brown; I have had no involvement. I took it to mean meetings with the Treasurer and/or the Prime Minister. Both those organisations support this legislation.

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