SUBJECTS: The Nationwide Credit Rating Protection Act
Well to respond to a few of the presssing dilemmas raised in Andrew’s report, we talked to Bill Shorten, associate Treasurer therefore the Minister for Financial solutions.
Bill Shorten, welcome to Lateline Company.
Many thanks Ticky.
Now we have regulation of credit to a national framework now but there are a few clear gaps growing. I assume the most obvious may be the – is by using phone businesses therefore the iPhone bonanza for young players. Exactly why is – what makes telcos maybe not contained in the legislation?
Year well I think it’s important to establish what we’ve said we’re going to do by the middle of next.