Senate debates

Wednesday, 22 March 2023

Questions without Notice

Banking and Financial Services

2:32 pm

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

I don't have those details front of mind or in my papers. I will come back to the senator and the Senate with an update. If I can do that during question time, I will. But I will say that when we have faced challenges in the banking system in Australia—which we are not facing now—the government, and I presume this would be on either side of the political fence, would act quickly to respond to any concerns that we saw in the banking system, which goes to your question about guaranteeing deposits. But we are not in that situation, and that is why my answer to your original question was about the strength of the banking system here, and the fact that we are keeping a close watch on what is happening internationally in case there are any impacts that come our way from it.

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