Senate debates

Monday, 4 July 2011

Bills

National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011; In Committee

5:37 pm

Photo of Nick XenophonNick Xenophon (SA, Independent) Share this | Hansard source

Again, I am disappointed but not surprised. I am just trying to understand the coalition's point of view. Senator Ronaldson, I apologise if I misheard you but how would it cost taxpayers more if there were greater clarity in the test? How would it be a burden to simply have guidelines that say there must be some materiality between what has been charged and the cost, and to measure that as a yardstick of reasonableness in terms of interpreting the ASIC guidelines?

Comments

No comments