Senate debates

Wednesday, 26 November 2008

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

In Committee

6:10 pm

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

You asked me about the situation broadly, about guarantees in other countries and what they are doing. They were well aware of the actions taken by the Australian government back in October. Obviously, I did not discuss this particular legislation. We discussed the guaranteeing of banking, credit unions and building societies in the broad in Australia and the implications for those Pacific nations. I have indicated what those implications are.

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