Senate debates
Monday, 4 July 2011
Bills
National Consumer Credit Protection Amendment (Home Loans and Credit Cards) Bill 2011; In Committee
5:37 pm
Nick Xenophon (SA, Independent) Share this | Hansard source
Again, I am disappointed but not surprised. I am just trying to understand the coalition's point of view. Senator Ronaldson, I apologise if I misheard you but how would it cost taxpayers more if there were greater clarity in the test? How would it be a burden to simply have guidelines that say there must be some materiality between what has been charged and the cost, and to measure that as a yardstick of reasonableness in terms of interpreting the ASIC guidelines?
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