Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

That is not true. You have claimed incorrectly that all these investors cannot access their money. That is just not true, Senator Coonan, through you, Mr President. It is important to note that nearly all mortgage funds have been paying a regular income stream. As financial conditions have been improving, thanks to the decisive actions taken by the Rudd Labor government, funds have been able to provide capital withdrawals, with around 75 per cent of funds now providing periodic withdrawals of capital. So the claim by the Liberal opposition, like a range of other claims they have made in response to the Rudd government’s decisive actions to underpin and cushion the economy, is not correct. (Time expired)