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Tuesday, 16 June 2009
Page: 6099

Mr TURNBULL (Leader of the Opposition) (3:50 PM) —Mr Speaker, I wish to make a personal explanation.

The SPEAKER —Does the honourable member claim to have been misrepresented?

Mr TURNBULL —Yes, grievously—

The SPEAKER —Please proceed.

Mr TURNBULL —by the Treasurer. In the course of question time he said repeatedly that we had opposed the wholesale funding guarantee. He said that we had opposed it ‘tooth and nail’. He said that several times. The fact is that the Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008 was brought into the House on 25 November by the government following a call for it from the opposition on 17 November in which I pledged bipartisan support. It was expressly supported by all the opposition speakers and carried without dissent on 25 November 2008, as noted on page 11,335 of the House of Representatives Hansard. The Treasurer should apologise to the House for misleading it.