Senate debates

Thursday, 14 May 2009

Australian Business Investment Partnership Bill 2009; Australian Business Investment Partnership (Consequential Amendment) Bill 2009

In Committee

1:49 pm

Photo of Steve FieldingSteve Fielding (Victoria, Family First Party) Share this | Hansard source

I was just about to make sure that the focus of this particular debate was just on that one set of amendments: (1), (3) and (7). The crux of it is that ABIP Ltd must be satisfied that the lending criteria applied by ABIP Ltd in assessing the application for financing or refinancing under the arrangements are no less prudent than the lending criteria for investment-grade loans that the members of ABIP Ltd, other than the Commonwealth, would apply when deciding whether to enter into such an arrangement in the ordinary course of their business. That is what we are focusing on from there.

Comments

No comments