❓ Mr. Nalder questions the Premier about Keystart's high interest rates during the economic crisis, while the Premier focuses on preventing foreclosures and evictions, promising future announcements and urging banks and landlords to be considerate.
AnsweredQoN 196Legislative Assembly
QuestionView source ↗
KEYSTART —
INTEREST RATES
196. Mr D.C. NALDER to the Premier:
I
have a supplementary question. Is this not the time to show leadership when
Keystart is continuing to charge some of
the highest interest rates in the country, we are facing the worst economic
crisis in memory and the Reserve Bank of Australia is slashing interest
rates?
INTEREST RATES
196. Mr D.C. NALDER to the Premier:
I
have a supplementary question. Is this not the time to show leadership when
Keystart is continuing to charge some of
the highest interest rates in the country, we are facing the worst economic
crisis in memory and the Reserve Bank of Australia is slashing interest
rates?
AnswerView source ↗
It is not an interest rate matter;
it is a matter of foreclosures.
Mr D.C. Nalder : No, it is an
interest rate matter.
Mr M. McGOWAN : It is a matter
of foreclosures.
Mr D.C. Nalder : You're
charging the highest interest rates in the country.
The SPEAKER : Member for
Bateman, I call you to order for the first time.
Mr F.M. Logan : That's
wrong. That's not true.
The SPEAKER : Excuse me.
Minister, I call you to order for the first time.
Mr M. McGOWAN : The shadow
Treasurer is factually inaccurate, once again.
Mr D.C. Nalder : Ask the
customers.
Mr M. McGOWAN : He is always
factually wrong. Here he is, in the midst of this crisis, once again acting
inappropriately.
We will deal with this matter at a cabinet
level and seek the very best advice. It really is a matter of banks and
landlords not foreclosing or evicting. That is the issue here. We currently
have a very serious situation whereby people may not be able to meet the
mortgage payments on their houses and/or small businesses, which will be a very
difficult situation for many people. That is an area that the banks need to
join forces on. Obviously, over time, Keystart has been one of the most
benevolent of lenders in the broader community and it has very, very low levels
of foreclosures on householders across the community. I would obviously expect
that to continue. We will have further announcements around Keystart and other
matters that we will be considering to ensure that we do the best we can to
protect people. I once again implore banks and landlords to be kind to people
in this situation. I hate the thought of landlords in major shopping centres
evicting tenants in large numbers, the shopping centres becoming empty and the
remaining tenants therefore having empty shops next to them. It is not a productive
thing to do and I urge every single landlord to consider that over the coming
months. I will continually raise these matters with the federal government to ensure that we have a nationally consistent
approach to protect people as best we can.
it is a matter of foreclosures.
Mr D.C. Nalder : No, it is an
interest rate matter.
Mr M. McGOWAN : It is a matter
of foreclosures.
Mr D.C. Nalder : You're
charging the highest interest rates in the country.
The SPEAKER : Member for
Bateman, I call you to order for the first time.
Mr F.M. Logan : That's
wrong. That's not true.
The SPEAKER : Excuse me.
Minister, I call you to order for the first time.
Mr M. McGOWAN : The shadow
Treasurer is factually inaccurate, once again.
Mr D.C. Nalder : Ask the
customers.
Mr M. McGOWAN : He is always
factually wrong. Here he is, in the midst of this crisis, once again acting
inappropriately.
We will deal with this matter at a cabinet
level and seek the very best advice. It really is a matter of banks and
landlords not foreclosing or evicting. That is the issue here. We currently
have a very serious situation whereby people may not be able to meet the
mortgage payments on their houses and/or small businesses, which will be a very
difficult situation for many people. That is an area that the banks need to
join forces on. Obviously, over time, Keystart has been one of the most
benevolent of lenders in the broader community and it has very, very low levels
of foreclosures on householders across the community. I would obviously expect
that to continue. We will have further announcements around Keystart and other
matters that we will be considering to ensure that we do the best we can to
protect people. I once again implore banks and landlords to be kind to people
in this situation. I hate the thought of landlords in major shopping centres
evicting tenants in large numbers, the shopping centres becoming empty and the
remaining tenants therefore having empty shops next to them. It is not a productive
thing to do and I urge every single landlord to consider that over the coming
months. I will continually raise these matters with the federal government to ensure that we have a nationally consistent
approach to protect people as best we can.
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