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Lending changes are foie gras for banking

Greens Economic Justice spokesperson, Senator Nick McKim, responded to reports today that the government will loosen lending standards and relieve the banks of responsibility for determining a customer’s loan capacity to service a loan.

“Today’s announcement shows exactly where this government’s allegiances lie," Senator McKim said.

“The day after Westpac received the largest corporate penalty in Australian history, the government is changing the rules to benefit the banks."

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Chocolate money in the pork barrel leaves a bad taste for Tasmania

The cynical rebranding of old money is a transparent electoral ploy by a government desperate to hang on to its marginal Tasmanian seats, Greens Senator for Tasmania Nick McKim says.

“The majority of this funding was Tasmanian Forestry Agreement money that has now twice been promised to the state by the Liberals in election campaigns,” Senator McKim said.

“This money is long overdue, and not nearly enough to make up for the chronic underinvestment by the Liberals, especially in health and education.”

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