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Tuesday, 20 October 2009
Page: 10345


Mr TURNBULL (Leader of the Opposition) (4:13 PM) —Mr Speaker, I wish to make a personal explanation.


The SPEAKER —Does the honourable member claim to have been misrepresented?


Mr TURNBULL —Yes, most grievously and by a repeat offender.


The SPEAKER —Please proceed.


Mr TURNBULL —In the course of question time, the Treasurer asserted that I had verballed the board of the Reserve Bank when I quoted from the minutes of their monetary policy meeting of 6 October 2009. Far from verballing the Reserve Bank—verballing involves making a fabricated account of someone else’s report—I quoted expressly and precisely from the minutes to the effect that:

… the balance of risks was now such that the current very expansionary setting of policy was no longer necessary, and possibly imprudent.