Australian Quote by Julie Bishop
“I call on the Australian Government to set out the conditions upon which they will provide a taxpayer funded backing for wholesale term funding for Australian deposit taking institutions. I call on the Government it make clear the conditions upon which taxpayer funds will be used in this way.”
About This Quote
Source Speech: Parliamentary Address, Australian Government, 2023
She urges the government to specify how taxpayer money will back wholesale term funding for banks.
In simple terms: Demand for clear conditions on public funding for bank financing.
Key Takeaway
Insist on transparency and accountability.
Themes
government
finance
accountability
public policy
banking
Mood
concerned
serious
policy‑oriented
Type
advocacy
political
policy
When to use this quote
- budget planning
- legislative oversight
- bank funding negotiations
- public accountability
Key Concepts
public funding
risk management
policy transparency
Questions to Reflect On
- What safeguards should be built into such funding?
- How can transparency be enforced?
A Different Perspective
Political feasibility may be limited by partisan interests.
![“The federal [bank deposit] insurance scheme has worked up to now simply and solely because there have been very few bank failures. The next time we have a pestilence of them it will come to grief quickly enough, and if the good banks escape ruin with the bad ones it will be only because the…” quote by H. L. Mencken](https://sms4smile.com/quotes/img-quotes/2db/h-l-mencken-245_banking_the-federal-bank-deposit-insurance-schem_1553577.jpg)
