House debates

Wednesday, 27 October 2010

Questions without Notice

Banking

2:36 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer to the announcement today by the National Australia Bank of a 63 per cent increase in its profit to $4.2 billion. Given the Treasurer has now given 32 warnings to the banks, I ask the Treasurer: will he accept the recommendation of the ACCC, which is supported by the coalition, and put in place legislation to prevent price signalling?

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