Senate debates

Thursday, 28 August 2025

Bills

Pacific Banking Guarantee Bill 2025; In Committee

1:10 pm

Photo of Anthony ChisholmAnthony Chisholm (Queensland, Australian Labor Party, Assistant Minister for Regional Development) Share this | Hansard source

In terms of reporting obligations, any Pacific banking guarantee, including the ANZ agreement, will contain mechanisms to ensure a bank's compliance with its obligations. This includes regular reporting on the total amount of guaranteed liabilities and the compliance with bank commitments as well.

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