Jacinta Collins (Victoria, Australian Labor Party) Share this | Hansard source

My question is to the Assistant Treasurer, Senator Sherry. Minister, isn’t it the case that over the last year we have seen a wave of unprecedented economic turmoil stemming from the subprime crisis in the United States, the global credit crunch, the global financial crisis and the combined challenges these have presented to the international and Australian economies? Can the Assistant Treasurer advise the Senate of any new information announced overnight in relation to the global recession and Australia’s economic performance? What has the government done to protect Australians from the full impact of the global crisis, and how does the Australian economy compare to other developed economies?