David Johnston (WA, Liberal Party, Shadow Minister for Defence) Share this | Link to this | Hansard source

ask the Minister representing the Minister for Financial Services and Superannuation, upon notice, on 28 September 2010

If a bank receives a series of offers for a secured liability: (a) how are these evaluated; and (b) is the decision on which offer to take documented.

Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Link to this | Hansard source

The Minister for Financial Services and Superannuation has provided the following answer to the honourable senator's question:

The processes by which banks consider and evaluate offers of settlement are dependent on the circumstances. The consideration of offers of settlement is a matter for the Bank. There is no process prescribed by law as to how to consider an offer.