Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

2:43 pm

Photo of Bridget McKenzieBridget McKenzie (Victoria, National Party) Share this | Hansard source

Mr President, I ask a further supplementary question. I refer the minister to a question on notice that Treasury has provided to the Senate Select Committee on Scrutiny of New Taxes. The Treasury confirmed that a portion of the $944 million budget expense of the Clean Energy Finance Corporation relates to the allowance that is made for defaults. As such, can the minister now inform the Senate precisely how much the government has allowed for defaults under its Clean Energy Finance Corporation plan?

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