House debates

Tuesday, 21 October 2008

Questions without Notice

Banking

2:40 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

As the Treasurer said when he introduced the relevant legislation in parliament last Wednesday:

The government is consulting on the interaction between this guarantee—

that is, that on deposits—

on eligible wholesale borrowing and the guarantee on deposits.

If desirable, the government will proceed with measures to clarify the intersection of these guarantees and facilitate their operation.

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