Michael Ronaldson (Victoria, Liberal Party) Share this | Hansard source

Okay, Madam Acting Deputy President. I think I know what Senator Campbell is thinking and I am going to respond to that. It is obvious to me that Senator Campbell is thinking about interest rates. It is obvious to me that he heard Senator Sterle yesterday—and I hope Senator Sterle is listening. Senator Sterle corrected one of our ministers, who suggested that interest rates had only got to 18 per cent. To his great credit, Senator Sterle interjected: ‘No; it was 22 per cent.’ I have found in my dealings with Senator Sterle a refreshing honesty. So this is your legacy to small business.