Senate debates

Wednesday, 11 May 2011

Questions on Notice

Banking (Question No. 66

Photo of David JohnstonDavid Johnston (WA, Liberal Party, Shadow Minister for Defence) Share this | Hansard source

asked the Minister representing the Minister for Financial Services and Superannuation, upon notice, on 29 September 2010:

When any assets are, or property is, sold, does a bank take steps to minimise the costs incurred; if so, why do banks in most cases use higher priced law firms for often routine matters for which the customer is obligated to pay for under the security documents.

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