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Wednesday, 26 November 2008
Page: 7418


Senator BOB BROWN (Leader of the Australian Greens) (6:27 PM) —We are talking here not about the deposit guarantee, unless of course it is the above $1 million deposits—


Senator Sherry —Yes, that’s what I’m talking about.


Senator BOB BROWN —The minister indicates that that is what is being indicated. My interest—let me state this now; if it was confused in the minister’s mind before, I do not want it to be in future—is about the wholesale borrowing facility.


Senator Sherry —That’s as I’ve taken it.


Senator BOB BROWN —Okay, but there is no indication from any of the 16 banks—and I presume that they include all four big banks, but let me know if that is wrong—of an intention to use the borrowing guarantee that is inherent in this legislation.