Senate debates

Thursday, 30 September 2010

Questions without Notice

Financial Institutions: Fees and Charges

2:42 pm

Photo of Nick XenophonNick Xenophon (SA, Independent) Share this | Hansard source

Mr President, I ask a final supplementary question. The government made a number of election commitments in support of bank customers including changing the way interest is calculated on credit card debt so that customers pay off the highest debt first not the debt accruing the lowest interest and restricting the practice of unsolicited credit card limit increases. Could the minister outline the details and time frame of implementing these election commitments?

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