Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

I am pointing out, in the context of bank funding costs, the changes in the market. The bank-switching package is related directly to fees. In fact, I did mention fees. Fees are used as cost recovery by banks. There are a variety of ways in which they are applied. We do know that many consumers, as Senator Fielding has reasonably pointed out, are very unhappy about the level and type of fees which apply to their particular accounts. As I was saying, the bank-switching package which, on behalf of this government, both the Treasurer and the Assistant Treasurer, I think it is fair to say, have— (Time expired)