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Notice given 28 September 2010

4  Senator Bob Brown: To ask the Minister representing the Minister for Climate Change and Energy Efficiency—

(1) Between the release of the Government’s green and white papers in 2008 on the proposed Carbon Pollution Reduction Scheme (CPRS) for Australia, how many times did representatives of the Business Council of Australia or their members meet with: (a) the Minister or anyone from the Minister’s office; and (b) departmental officials.

 

 (2) Can copies be provided of correspondence, including emails, between the Minister or anyone in the Minister’s office or departmental officials and the Business Council of Australia, its representatives or members relating to the development of the CPRS between the release of the green and white papers.

5  Senator Bob Brown: To ask the Minister representing the Minister for Foreign Affairs—With reference to the Australian Political Parties for Democracy Program, can all application forms for funding to date be provided for the 2009-10 financial year.

10  Senator Bob Brown: To ask the Minister representing the Treasurer—

(1) For the 3 year period up to 2020, using the price forecast used in standard treasury modelling, what revenue will be raised from the Minerals Resource Rent Tax, based on price assumptions for coal and iron ore as used in the Treasury modelling for the Carbon Pollution Reduction Scheme.

(2) What is the estimated cost of the company tax reduction during that period.

(3) Is there any risk that the additional net revenue from the Minerals Resource Rent Tax will fall short of the estimated reduction in revenues from company tax; if so, how great is that risk; if not, how safe is that assumption and why.

16  Senator Humphries: To ask the Minister representing the Minister for Home Affairs ( transferred to the Minister representing the Minister for Regional Australia, Regional Development and Local Government on 15 October 2010 )—Are there any electronic gaming machines located on Commonwealth land; if so: (a) what are their locations; and (b) how many are at each location.

Senator Humphries: To ask the Ministers listed below (Question Nos 19-54)—Do any of the departments or agencies within the Minister’s portfolio consider that new or additional office accommodation may be required in the next 2 years; if so, would that accommodation be provided in Canberra; and if so, approximately how many staff are estimated to need accommodation in the new or additional offices.

20 Minister representing the Treasurer

49 Minister representing the Assistant Treasurer ( transferred to the Minister representing the Treasurer on 5 October 2010 )

50 Minister representing the Minister for Financial Services and Superannuation ( transferred to the Minister representing the Treasurer on 5 October 2010 )

57  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—(a) What steps or procedures are banks and lending institutions required to undertake before enforcing their securities; and (b) is there a prescribed level of consultation with the customer.

61  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—If employee entitlements were to be given a higher priority in respect of any fixed and floating charge security a bank holds, would this not make a bank more proactive in monitoring loans it has and in ensuring a situation is not allowed to deteriorate to a position where only a secured creditor recovers their funds.

 

 62  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—If a bank receives a series of offers for a secured liability: (a) how are these evaluated; and (b) is the decision on which offer to take documented.

63  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Do bank staff receive formal training in the realisation of assets.

64  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—(a) How much training are banks and lending institutions required to undertake each year in training their staff in the recovery of securities; (b) in what areas is this training provided; and (c) who provides this training.

66  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—When any assets are, or property is, sold, does a bank take steps to minimise the costs incurred; if so, why do banks in most cases use higher priced law firms for often routine matters for which the customer is obligated to pay for under the security documents.

67  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Is there any control over costs incurred, such as a quote obtained for advice on issues.

68  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Who supervises the recovery process, and to whom are bank staff accountable for the issues that may arise.

69  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Is there an external professional body that monitors the recovery activities of banks, to which aggrieved people can go to with complaints and to have the matter independently investigated.

70  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Is there a code of conduct that bank staff have to observe in the recovery of securities; if so, how is it monitored and reported.

71  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Is there a prescribed level of quality control on recovery procedures; (a) if so: (i) can details be provided of where this is documented in the form of a formal manual; and (ii) how and when banks and lending institutions that do have a formal process or manual are certified; and (b) if not, why not.

74  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Does a bank require confirmation from every customer signing a guarantee that they have had the guarantee and its implications explained to them.

75  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Have there been any situations where the banks’ ‘all Monies clause’ has been used to try to attach a debt to people who were not even aware that they were responsible for the guarantee of a third party.

76  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—When receiving funds from a prime borrowing, how is the decision to apply funds recovered to loans permitted to be made.

 

 77  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—Given that most people faced with a problem under a guarantee have little recourse other than the legal process, and that most cannot afford to pay for this: what assistance or help is provided for persons affected by recovery procedures by banks.

78  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—How much was lost by banks on defaulting loans in the 2008-09 financial year.

79  Senator Johnston: To ask the Minister representing the Minister for Financial Services and Superannuation—What percentage of total loans by banks were defaulted in each of the following financial years: (a) 2004-05; (b) 2005-06; (c) 2006-07; (d) 2007-08; and (e) 2008-09.