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

My question is to the Treasurer. I refer the Treasurer to his statement on 12 December last year where he said that his banking package would ensure ‘that interest rates are lower over time’. And I refer to Treasury documents released yesterday under FOI which warn that the government’s plan to ban mortgage exit fees would ‘lead to a range of unintended consequences’, including ‘increasing interest rates’. I say to the Treasurer: why is he persisting with a plan that Treasury have advised will lead to higher interest rates for Australians?

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