Senate debates

Monday, 13 October 2008

Questions without Notice

Economy

2:33 pm

Photo of John WilliamsJohn Williams (NSW, National Party) Share this | Hansard source

Mr President, I ask a supplementary question. In all seriousness, this really is an important issue. My supplementary question goes to these debenture-issuing companies. I know of one group that has lent up to $1.3 billion, 40 per cent of it to agricultural properties. They need to have some assurance that their investments are safe; otherwise, those investors will withdraw their money and people will simply have to sell up or pay up. Will the minister look at these debenture-issuing companies to see that they can get the same guarantees as banks, building societies and credit unions?

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