Senate debates

Wednesday, 26 November 2008

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

In Committee

6:31 pm

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

Let me finish the answer. Unfortunately, in international financial circles, Senator Brown, where they would not have the same understanding of the parliamentary process in Australia as you or I, and the particular nuances of our parliament and the way it operates—and particularly the Senate—the best way to ensure certainty is to take the approach that we have presented in this parliament, via an appropriation.

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