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- STATEMENT BY THE SPEAKER
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QUESTIONS IN WRITING
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Australia Network (Question No. 330)
(Bishop, Julie, MP, Emerson, Craig, MP) -
Maranoa Electorate: Analog Television Services (Question No. 408)
(Scott, Bruce, MP, Albanese, Anthony, MP) -
Passport Fees (Question No. 543)
(Bishop, Julie, MP, Emerson, Craig, MP) -
NBN Co. Ltd (Question No. 699)
(Fletcher, Paul, MP, Albanese, Anthony, MP) -
Broadband (Question No. 700)
(Fletcher, Paul, MP, Albanese, Anthony, MP) -
Broadband (Question No. 741)
(Fletcher, Paul, MP, Albanese, Anthony, MP) -
NBN Co. Ltd (Question No. 742)
(Fletcher, Paul, MP, Albanese, Anthony, MP) -
Broadband (Question No. 745)
(Robb, Andrew, MP, Swan, Wayne, MP) -
Home Insulation Program (Question No. 790)
(Fletcher, Paul, MP, Combet, Greg, MP) -
Coalmining (Question No. 792)
(Marino, Nola, MP, Roxon, Nicola, MP) -
Climate Change (Question No. 793)
(Simpkins, Luke, MP, Combet, Greg, MP) -
Prime Minister and Cabinet: Portfolio Entities (Question No. 796)
(Fletcher, Paul, MP, Gillard, Julia, MP) -
Industry, Innovation, Science, Research and Tertiary Education: Portfolio Entities (Question No. 798)
(Fletcher, Paul, MP, Combet, Greg, MP) -
Broadband, Communications and the Digital Economy: Portfolio Entities (Question No. 799)
(Fletcher, Paul, MP, Albanese, Anthony, MP) -
Infrastructure and Transport: Portfolio Entities (Question No. 805)
(Fletcher, Paul, MP, Albanese, Anthony, MP) -
Families, Housing, Community Services and Indigenous Affairs: Portfolio Entities (Question Nos 807, 808, 813 and 814)
(Fletcher, Paul, MP, Macklin, Jenny, MP) - Industry, Innovation, Science, Research and Tertiary Education: Portfolio Entities
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Industry, Innovation, Science, Research and Tertiary Education: Portfolio Entities (Question No. 819)
(Fletcher, Paul, MP, Combet, Greg, MP) -
Climate Change and Energy Efficiency: Portfolio Entities (Question No. 820)
(Fletcher, Paul, MP, Combet, Greg, MP) -
Prime Minister and Cabinet: Portfolio Entities (Question No. 824)
(Fletcher, Paul, MP, Butler, Mark, MP) -
Home Insulation Program (Question No. 827)
(Fletcher, Paul, MP, Combet, Greg, MP) -
High Speed Rail (Question No. 828)
(Oakeshott, Robert, MP, Albanese, Anthony, MP) -
Roads: Pacific Highway (Question No. 829)
(Oakeshott, Robert, MP, Albanese, Anthony, MP) -
Broadband (Question No. 833)
(Truss, Warren, MP, Albanese, Anthony, MP) -
Australia Post: Loss of Mail (Question No. 837)
(Marino, Nola, MP, Albanese, Anthony, MP) -
Medicare Benefits (Question No. 838)
(Crook, Tony, MP, Plibersek, Tanya, MP) -
Local Government: Financial Challenges (Question No. 840)
(Fletcher, Paul, MP, Crean, Simon, MP) -
Visas (Question No. 871)
(Morrison, Scott, MP, Bowen, Chris, MP) -
International English Language Testing Systems (Question No. 891)
(Gambaro, Teresa, MP, Bowen, Chris, MP) -
Medicare (Question No. 898)
(Marino, Nola, MP, O'Connor, Brendan, MP) -
Deposit Guarantee Scheme (Question No. 899)
(Christensen, George, MP, Swan, Wayne, MP) -
Broadband, Communications and the Digital Economy: Credit Card Breaches (Question No. 907)
(Briggs, Jamie, MP, Albanese, Anthony, MP) -
Regional Australia, Local Government, Arts and Sport: Credit Card Breaches (Question No. 908)
(Briggs, Jamie, MP, Crean, Simon, MP) -
Defence: Credit Card Breaches (Question No. 911)
(Briggs, Jamie, MP, Smith, Stephen, MP) -
Sustainability, Environment, Water, Population and Communities: Credit Card Breaches (Question No. 917)
(Briggs, Jamie, MP, Burke, Tony, MP) -
Agriculture, Fisheries and Forestry: Credit Card Breaches (Question No. 923)
(Briggs, Jamie, MP, Burke, Tony, MP) -
Resources and Energy: Credit Card Breaches (Question Nos 924 and 925)
(Briggs, Jamie, MP, Ferguson, Martin, MP) -
Student Visa Program (Question No. 936)
(Ferguson, Laurie, MP, Bowen, Chris, MP) -
HMAS Sydney (Question No. 938)
(Haase, Barry, MP, Smith, Stephen, MP) -
Australian Quarantine and Inspection Service: Staffing (Question No. 957)
(Morrison, Scott, MP, Burke, Tony, MP) -
AusAID (Question No. 961)
(Bishop, Julie, MP, Emerson, Craig, MP)
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Australia Network (Question No. 330)
Page: 4219
Deposit Guarantee Scheme
(Question No. 899)
Mr Christensen asked the Treasurer, in writing, on 15 March 2012:
Can he indicate whether funds frozen as a result of the Guarantee Scheme for Large Deposits will now be paid out on request by the account holders.
Mr Swan: The answer to the Honourable Members question is as follows:
The decision to freeze redemptions is a commercial decision made by the individual fund and not a decision taken by Government. Funds are required under the law to freeze redemptions if they do not have sufficient liquid assets and cash reserves to be able to pay out redemption requests. It is important to note that funds, particularly mortgage funds, had been under liquidity pressure for some time before the announcement of the Government's deposit guarantee in October 2008, as a result of the property downturn and the general turmoil in financial markets.
As its liquidity improves a fund can offer its members an equal opportunity to redeem some or all of their investments. In addition, funds can provide a special hardship measure to members in certain circumstances.