Senate debates Australian Business Investment Partnership Bill 2009; Australian Business Investment Partnership (Consequential Amendment) Bill 2009
Second Reading
Ian Macdonald Queensland, Liberal Party, Shadow Parliamentary Secretary for Northern Australia
12:34 pm
I did get out of it cheaply, Senator Williams. I remember businesses getting money from their banks—if they could—at 22 per cent interest. When they could not get it from the banks they got it from money lenders at about 28 per cent interest. You cannot conceive of that nowadays.
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