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Tuesday, 2 February 2010
Page: 122


Mrs Bronwyn Bishop asked the Minister for Financial Services, Superannuation and Corporate Law, in writing, on 12 May 2009:

By what date will the Government formally respond to the Senate Standing Committee on Economics report Australia’s mandatory Last Resort Home Warranty Insurance scheme, which was tabled on 13 November 2008.


Mr Bowen (Minister for Financial Services, Superannuation and Corporate Law and Minister for Human Services) —The answer to the honourable member’s question is as follows:

Home builders warranty insurance was placed on the agenda of the Ministerial Council of Consumer Affairs (MCCA) for its 8 May 2009 meeting. MCCA is currently undertaking a review of home builders warranty insurance and in addition, the Government is monitoring developments in the market and changes to the state schemes over recent months and will respond as soon as possible given these developments since the tabling of the Senate Standing Committee’s report.