Senate debates Bills

Pacific Banking Guarantee Bill 2025; In Committee


Anthony Chisholm

Anthony Chisholm Queensland, Australian Labor Party, Assistant Minister for Regional Development

1:10 pm

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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