Senate debates

Wednesday, 27 February 2013

Questions without Notice

Reserve Bank of Australia

2:37 pm

Photo of Mitch FifieldMitch Fifield (Victoria, Liberal Party, Manager of Opposition Business in the Senate) Share this | Hansard source

) ( ): My question is to the Minister representing the Treasurer, Senator Wong. Why did the Treasurer think ripping a $500 million dividend from the Reserve Bank to improve the look of the government's budget bottom line was more important than the Reserve Bank governor's formal advice to the government and his express wish to direct all of the bank's earnings to replenish the Reserve Bank Reserve Fund and the bank's balance sheet?

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