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GUARANTEE SCHEME FOR LARGE DEPOSITS AND WHOLESALE FUNDING APPROPRIATION BILL 2008

A message from the House of Representatives was reported transmitting for the concurrence of the Senate the following bill:

 Message no. 214, dated 25 November 2008—A Bill for an Act to provide for an appropriation for the Guarantee Scheme for Large Deposits and Wholesale Funding, and for related purposes.

The Minister for Superannuation and Corporate Law (Senator Sherry) moved—That this bill may proceed without formalities and be now read a first time.

Question put and passed.

Bill read a first time.

Senator Sherry moved—That this bill be now read a second time.

On the motion of Senator Sherry the debate was adjourned.

Senator Sherry moved—That the resumption of the debate be made an order of the day for a later hour.

Debate ensued.

Question put and passed.