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

Mr Speaker, on indulgence. Yesterday in the House I said the following:

Even today I was given information that suggests that, on average, if you took all bank fees paid in Australia and averaged them out across households, each household pays more than $5,000 in bank fees.

I repeated that again today on MTR. As I said, I was advised of that, and that information has proven to be incorrect. The number of households in 2009 was 8,236,000, the bank fee income from the households was five billion and 31 million dollars and the average per household was $611.