Fiona O'Malley (Independent)

I will make a brief contribution. I sympathise with Senator Quinn about the level of confusion and the steep learning curve all of us are on in understanding the financial and banking situations. I am sure that like many Members he has learned things he never knew about the workings of the financial market.

Listening to the debate, I found Senator White's contribution, in particular, to be very measured, much more so than that of his party's spokesperson in the other House. That is where I have some slight confusion. The Labour Party spokesperson in the other House spoke of draconian measures whereas Senator White thinks the Bill, although two years too late, is a measure we should adopt and that the banking sector requires this support and level of intervention. There appears to be a breakdown of communication between the Upper House and the Lower House.