Second Reading Speeches

Guarantee Scheme for Large Deposits and Wholesale Funding Appropriation Bill 2008

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

The bill: establishes a standing appropriation to enable claims to be paid under the Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding; and provides a borrowing power, to enable money to be borrowed to pay such claims, should there be insufficient funds in the Consolidated Revenue Fund.

We acknowledge the traditional owners and custodians of country throughout Australia and acknowledge their continuing connection to land, waters and community. We pay our respects to the people, the cultures and the elders past, present and emerging.

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