Senate debates

Thursday, 19 March 2009

Questions without Notice

Banking

2:53 pm

Photo of George BrandisGeorge Brandis (Queensland, Liberal Party, Shadow Attorney-General) Share this | Hansard source

My question is to the minister representing the Minister for Infrastructure, Transport, Regional Development and Local Government, Senator Conroy. I refer to reports in this morning’s newspapers that state governments are having increasing difficulty in borrowing due to the effect of the Rudd government’s bank guarantee scheme which makes state government bonds less attractive to investors. What infrastructure projects are at risk as a result of the unintended consequences of the Rudd government’s bank guarantee scheme, of which Malcolm Turnbull warned last October but which the Rudd Labor government ignored?

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