Senate debates

Wednesday, 12 September 2012

Questions without Notice

Reserve Bank of Australia

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

In relation to the last issue, the Treasurer has been asked that question and he has made very clear that the government does have faith in the Governor of the Reserve Bank. He is a first-class public servant and he has made a comprehensive statement about all these matters. The RBA is a very important independent institution in Australia, in terms, obviously, of macroeconomic policy and also as a very important institution more generally.

If I could just return to the quote that I was reading. It ended:

The Bank has sought to deal appropriately with all the issues that have arisen. It has cooperated fully with the legal authorities, notifying them of the existence of relevant documents and providing documents when requested.

I am also advised with regard to the first part of your question that the RBA stands by previous statements made to the House committee in respect of both NPA and Securency.

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