Doug Cameron (NSW, Australian Labor Party) Share this | Hansard source

My question is to the Minister for Superannuation and Corporate Law, Senator Sherry. Given that in the last 12 months Australia and the world have experienced unprecedented financial turmoil and many Australian investors have lost money through inappropriate lending practices, can the minister inform the Senate of what action the Rudd government is taking to ensure that Australia does not experience a similar sub prime lending crisis as has gripped the US? Can the minister update the Senate on what initiatives the Rudd government has announced to ensure responsible lending in Australia?