Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

Mr President, I ask a supplementary question. Given the minister’s interest in the former Labor government, can he confirm that the current level of mortgage repossessions is now two-thirds higher than it ever was under Labor? Don’t the four back-to-back interest rate increases since 2004 represent a fundamental breach of the promise at the election that the Prime Minister, Mr Howard, made that a Liberal government would keep interest rates low?