[no bill text published] Appropriation of funds for Pacific banking guarantees
Pacific Banking Guarantee Bill 2025
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Consolidated Revenue Fund must pay for any liabilities the Commonwealth incurs under Pacific banking guarantees.
A guarantee is a Pacific banking guarantee if it is granted to an Australian-headquartered authorised deposit-taking institution (ADI) on behalf of the Commonwealth.
The guarantee must relate to the ADI's banking business in the Pacific region.