Senate debates
Wednesday, 26 November 2008
Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008
In Committee
6:22 pm
Nick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source
I am told there have been discussions in the broad with financial institutions about what they would be doing. But, as I have already indicated, it is very difficult for them to give precise figures, for the reasons I have given you: they have to make a commercial decision on the day—for example, in the world financial market—about where they will go, and that may change from day to day.
No comments