Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Link to this | Hansard source

I, and also on behalf of Senators Bushby and Williams, move:

That the following matter be referred to the Economics References Committee for inquiry and report by 31 October 2012:

An examination of recent developments in the banking sector arising out of the impact of the global financial crisis and subsequent events, including:

  (a)   the impact of international regulatory changes on the Australian banking sector, particularly including changes to liquidity and capital holding requirements;

  (b)   the impact on relative shares of specific banking markets;

  (c)   the current cost of funds for lending purposes;

  (d)   the impact on borrowing and lending practices in the banking sector both during and since the global financial crisis;

  (e)   the need for further consideration of the state of the broader finance and banking sector; and

  (f)   any other relevant matters.

Stephen Parry (Tasmania, Liberal Party) Share this | Link to this | Hansard source

The question is that the motion be agreed to.

A division having been called and the bells being rung—

Don Farrell (SA, Australian Labor Party, Parliamentary Secretary for Sustainability and Urban Water) Share this | Link to this | Hansard source

Mr Deputy President, I seek leave to cancel the division.

Stephen Parry (Tasmania, Liberal Party) Share this | Link to this | Hansard source

Leave is sought to cancel the division. Is leave granted?

Leave granted.

The Clerk has just informed me that I should call the result on that vote. I declare that vote in favour of the ayes.