The Secretary of the Senate Economics Legislative Committee on Banking Amendment (Delivering Essential Financial Services for the Community) Bill advised that the Committee is interested in having a submission from me on the guarantee scheme. Accordingly, I am making this submission. The Bill proposes four proposals, that is, introduction of fee free basic account, ATM fees changes, introduction of fixed interest gap mortgages and full disclosure of termination fees. I have addressed each of these proposals, provided relevant analysis and summarized my opinion.
|Place of Publication
|Department of Parliamentary Services
|Number of pages
|Published - 2009