Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer to the Treasurer’s suggestion that the Vision luxury apartment project in Brisbane, which proposes selling 110 apartments in the current environment for up to $5 million, is just the sort of project that may qualify for a taxpayer backed loan from Ruddbank. Treasurer, does this fall within your definition of ‘social housing’ in your $42 billion stimulus? Moreover, is the standard application fee for a loan from Ruddbank a $500,000 donation to the Labor Party, as reported in the Sydney Morning Herald? Given that the government is borrowing $2 billion to establish Ruddbank, isn’t this just another example of how bad government policy makes the risk of a Rudd recession even greater?

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