Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I know they are not interested in competition in the banking system but I will go on and talk about the government's proposals, which are currently being implemented, to make sure our banking system is much more competitive. One of the reforms that we put in place which has been opposed by those opposite is the abolition of mortgage exit fees. The shadow Treasurer opposed our proposition to abolish mortgage exit fees, which has led to a reduction of mortgage exit fees and the abolition of mortgage exit fees by the National Australia Bank. So, in these circumstances, if you have a mortgage with the NAB and you are unhappy with their decision you can walk down the road as a result of reforms this government has put in place.

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