Senator ROBERTS (Queensland) (14:39): Reviewing the minister's answers, I have five questions on the guarantee so far. Firstly, the guarantee has not been adjusted for inflation, and so it offers 34 per cent less protection than when it was legislated. Secondly, the guarantee is not funded. There is no money available to implement it. Thirdly, the scheme only covers 7c in the dollar of deposits. Fourthly, the minister has refused to commit to activating the scheme if it was needed. Minister, can you explain why constituents should not conclude, as many have, that the bank deposit guarantee is a fraud and a lie?
In this debate Wolahan, Keith MP Albanese, Anthony MP Ananda-Rajah, Michelle MP Albanese, Anthony MP McKenzie, Zoe MP Albanese, Anthony MP Garland, Carina MP Bowen, Chris MP Spender, Allegra MP Albanese, Anthony MP Murphy, Peta MP Chalmers, Jim MP Taylor, Angus MP Albanese, Anthony MP Coker, Libby MP Butler, Mark Christopher MP Ley, Sussan Penelope MP Albanese, Anthony MP Swanson, Meryl Jane MP Chalmers, Jim MP Hogan, Kevin MP King, Catherine Fiona MP Thwaites, Kate MP Rowland, Michelle MP Le, Dai MP Albanese, Anthony MP Payne, Alicia MP Burke, Tony MP Sukkar, Michael MP Albanese, Anthony MP Smith, David MP King, Madeleine MP Bates, Stephen MP Chalmers, Jim MP Lim, Sam MP Butler, Mark Christopher MP Leeser, Julian MP Albanese, Anthony MP Gosling, Luke MP King, Catherine Fiona MP Leeser, Julian MP Leeser, Julian MP Burney, Linda Jean MP Perrett, Graham Douglas MP Shorten, Bill MP Ruston, Sen Anne Farrell, Sen Don Ruston, Sen Anne Farrell, Sen Don Ruston, Sen Anne Farrell, Sen Don Farrell, Sen Don Sheldon, Sen Tony Farrell, Sen Don Sheldon, Sen Tony Farrell, Sen Don Lines, Sen Sue (The PRESIDENT) Canavan, Sen Matthew Farrell, Sen Don Canavan, Sen Matthew Farrell, Sen Don Canavan, Sen Matthew Farrell, Sen Don Cox, Sen Dorinda Farrell, Sen Don Cox, Sen Dorinda Farrell, Sen Don Cox, Sen Dorinda Farrell, Sen Don Smith, Sen Marielle Gallagher, Sen Katy Smith, Sen Marielle Gallagher, Sen Katy Smith, Sen Marielle Gallagher, Sen Katy Roberts, Sen Malcolm Gallagher, Sen Katy Roberts, Sen Malcolm Gallagher, Sen Katy Gallagher, Sen Katy O'Sullivan, Sen Matt Farrell, Sen Don O'Sullivan, Sen Matt Farrell, Sen Don O'Sullivan, Sen Matt Farrell, Sen Don Faruqi, Sen Mehreen Farrell, Sen Don Faruqi, Sen Mehreen Farrell, Sen Don Faruqi, Sen Mehreen Farrell, Sen Don Green, Sen Nita Watt, Sen Murray Green, Sen Nita Watt, Sen Murray Green, Sen Nita Watt, Sen Murray Scarr, Sen Paul Farrell, Sen Don Scarr, Sen Paul Farrell, Sen Don Scarr, Sen Paul Farrell, Sen Don