Senate debates

Tuesday, 14 June 2011

Questions on Notice

Banking (Question No. 78)

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 28 September 2010:

How much was lost by banks on defaulting loans in the 2008-09 financial year.

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | | Hansard source

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

The best available public data that includes banks' loan defaults is the Reserve Bank of Australia's collection B5—Consolidated group impaired assets, which is released as part of their quarterly Bulletin publication. The data is available from www.rba.gov.au.