Bruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Hansard source

We will save that for those that are beloved to us.

This is clearly an exciting day, as evidenced by the enthusiasm in the debate on the Banking Amendment (Covered Bonds) Bill 2011. It is interesting that we are standing here discussing yet another point in the coalition's nine-point banking plan. That nine-point banking plan is something that I know you, Madam Deputy Speaker Burke, are absolutely captivated by, and I am glad that the government members opposite are showing such a great interest in this nine-point plan. For those people in the gallery and those that are listening that have missed the description of the nine-point plan, it was announced in October 2010, dealing with what we on the coalition side thought were key points to address the ongoing strength and vitality of the banking industry.

That first item was one dear to my heart. That related to price signalling, and it was interesting that, notwithstanding that the opposition has very meagre resources available to it and the Commonwealth has all the horsepower, talents and expertise of the Commonwealth and Treasury, it was up to the coalition to actually draft a price-signalling amendment to the competition and consumer law, and subsequent to that leadership, the government then followed suit.

What we are doing today is dealing with the very important eighth point of the—

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