House debates

Thursday, 3 November 2011

Questions without Notice

Interest Rates

2:18 pm

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

My question is to the Acting Prime Minister. I refer to the fact the banks have now ignored the Treasurer's warnings on interest rate movements on 51 occasions. I refer the Acting Prime Minister to his statement yesterday that the decision by the National Australia Bank not to pass on the full interest rate cut was 'a kick in the guts to working families' and 'a greedy decision from the NAB'. Did the Acting Prime Minister convey these views to Dr Ken Henry who, along with being on the personal staff of the Prime Minister, is also on the board of the NAB?

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