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Thursday, 1 April 1965

Senator ORMONDE (New South Wales) . - I wanted to ask the same kind of questions as have been asked by the Leader of the Opposition (Senator Mckenna) more expertly than I could have phrased them. I have heard a lot spoken about the lenders and the Corporation but very little about the borrower. I think that members of the Australian Labour Party and members of the Government should be looking alter the interests of the borrower. What I want to know is this: Is the Government setting any standards to protect the borrower, or is it accepting the general proposition which seems to be implicit in the Bill that the lenders can do no wrong and that the Government is prepared to accept their assessment of what is the right way to treat a borrower? Senator McKenna has put up the same sort of argument in a different way. Is there an answer to that point?

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