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Wednesday, 26 November 2008
Page: 7388


Senator SHERRY (Minister for Superannuation and Corporate Law) (4:33 PM) —In closing the debate, I would say that most of the points that Senator Brown has raised I do not agree with. But we will deal with those issues, and I would expect him to make those issues clear in his contributions when we get to the legislation—hopefully in a short while. It should not be long. The reason that I have moved to adjourn consideration of the legislation is to deal with some messages from the House of Representatives and what I would describe as ‘necessary clean-up material’ this afternoon.

One other point I would make—because I know we are on broadcast, and, obviously, this is an important piece of legislation—is that this is not just for the banks, or the ‘large banks’, as you refer to them, Senator Brown. It is for all banks, all credit unions and all building societies that choose to sign. It is not just for the big four banks. But we will develop these arguments and points when we get to the debate itself.

Question agreed to.