Scoop has an Ethical Paywall
Australian wholesale deposit guarantee scheme
Friday 24 October 2008 Media Statement
Australian wholesale deposit guarantee scheme to inform New Zealand's response
Finance Minister Michael Cullen says that the release of the details of the Australian wholesale deposit guarantee scheme today will assist in finalising the details of the proposed New Zealand wholesale guarantee scheme.
"Officials and I will be working together over the weekend to determine whether the proposals that we have been developing need any refinement in light of the Australian scheme.
"Once we have finalised details of our proposals, officials will undertake further discussions with the banks and others in the financial sector before final decisions are taken.
"I will ensure that National Party Deputy Leader and Finance Spokesman, Hon Bill English, also receives a briefing. It is anticipated that announcements will be made next week-end if at all possible while the New Zealand markets are closed.
Dr Cullen will be making no further media comment at this time.
ENDS
Gordon Campbell: On Abortion’s Role In The US Election
West Coast Emergency Management: Local State Of Emergency Declared for the Southern ward of Westland District
NZ Defence Force: NZDF Honours Last Māori Battalion Warrior, Sir Robert Nairn Gillies KNZM
The Treasury: Interim Financial Statements Of The NZ Govt For The Three Months Ended 30 September 2024
NZ Labour Party: Labour, Greens And Te Pāti Māori Call On The Prime Minister To Block The Treaty Principles Bill
NZ Taxpayers' Union: Has Simon Watts Forgotten Who The Minister Is?
Department of Conservation: Priority Conservation Projects Open For Donations
