House debates

Wednesday, 22 October 2008

Questions without Notice

Banking

2:48 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

It is not a deposit tax. It is a fee to reflect a commercial reality, which will reflect the fact that there is a government guarantee—and I did not say necessarily a million dollars; I said a million dollars or above. That is what I said.

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