Senate debates

Wednesday, 22 March 2023

Questions without Notice

Banking and Financial Services

2:30 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I only briefly talked about overseas. I was giving that as additional reassurance. In the initial part of my remarks, my answer was about the strength of the Australian banking system, which is where Australians have their deposits and have their money. I was providing that reassurance that Senator Roberts was seeking about the strength of the banking system and the fact that we are taking advice. In fact, the Treasurer and the Assistant Treasurer are getting briefings regularly about the situation overseas, because that directly links to your question, which relates to some of the concerns that we have seen in banks overseas. We are connected in a global world, so we do keep an eye on that in order to keep an eye on what is happening in Australia. (Time expired)

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