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

The honourable gentleman’s question went to the government working with other governments, and that is what I am responding to. It goes to the question of the agenda which is being framed for the G20 meeting in Washington and the intense preparatory work which is underway in relation to that between us and the other governments participating in this meeting. One of the things on the agenda will be the future regulation of the global financial system, and that will also deal with the future, I believe, of executive remuneration and other such considerations. Long term we have to look at appropriate regulation under the Basel arrangements and, beyond that, we also need to look at the capacity for coordinated action on fiscal policy and, where possible, on monetary policy. These are the big agendas for the future. We will be participating in this meeting, as we have been at an officials and a ministerial level in the preparatory meetings. This is important for Australia. We are playing a positive role and will continue to do so.

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