Robert Oakeshott (Lyne, Independent) Share this | Hansard source

My question is to the Prime Minister—and thank you for continuing question time. Prime Minister, with Port Macquarie-Hastings Council now laying off up to 70 long-term staff—in large part due to collateralised debt obligation exposures and losses—and with the Go8 universities openly expressing concerns this week over their exposures and losses, will you now accept the need for an inquiry into the extent of public sector losses within all three tiers of government as well as within statutory, semi-statutory and non-statutory agencies and, from this, to either hold to account those that have been operating outside Treasury guidelines or improve Treasury guidelines so that in the future an absolute premium is placed on investments involving taxpayers’ dollars?

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