Funding for Commonwealth Liabilities Under Pacific Banking Guarantees
Pacific Banking Guarantee Bill 2025
House of Representatives
Senate
Assent
Introduced by: The Hon Dr Jim Chalmers MP (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Dr Daniel Mulino ALP
“I move: That this bill be now read a second time. Today I am proud to reintroduce the Pacific Banking Guarantee Bill 2025. This bill will help secure access to banking services across the Pacific. It will help ensure our entire region can stay connected to the global financial system. Australia’s relationship with the Pacific is a special one.”
Pat Conaghan NAT
“I rise today to speak on the Pacific Banking Guarantee Bill and note that Australia has always stood by our neighbours in the Pacific and we always will. We share a region and deep enduring ties, from early trade between Indigenous Australians and Pacific islanders to the courage shown along the Kokoda Trail to standing together after natural disasters.”
Tim Ayres ALP
“I move: That these bills be now read a second time. I seek leave to have the second reading speeches incorporated in Hansard. Leave granted. The speeches read as follows— AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION AMENDMENT BILL (NO. 1) 2025 The Australian Security Intelligence Organisation Amendment Bill (No.”
James Paterson LIB
“In the limited time we have remaining before the hard marker, I’ll see how I go in getting the coalition’s position on the record in relation to the Pacific Banking Guarantee Bill 2025. Upfront, I want to say that the coalition will be providing bipartisan support for the passage of this bill because we understand the strategic context in which it arises.”
Ellie Whiteaker ALP
“I rise to speak on the Pacific Banking Guarantee Bill 2025. While this bill may look like a simple technical banking measure, really it’s about something much larger. It’s about keeping the Pacific connected to the world, safeguarding prosperity and reaffirming our role as a strong partner in the region. Across the Pacific, access to banking services is under real pressure.”
Nick McKim GRN
“The Greens will be supporting the Pacific Banking Guarantee Bill 2025. We’ll be doing so as we do recognise that there is a need to ensure access to adequate banking and financial services in the Pacific, including for Australians visiting the Pacific and Australian businesses operating in the region but also for local folks in the Pacific region.”
Sean Bell PHON
“I rise to speak on the Pacific Banking Guarantee Bill 2025. I do so in support of its broad objectives, but also with some concerns about its transparency and the adequacy of its guarantees. The purpose of this bill is to ensure that Australian banks or authorised deposit-taking institutions continue to have operations in the Pacific region.”
Richard Dowling ALP
“I rise today in firm support of the Pacific Banking Guarantee Bill 2025. It’s a critical piece of legislation that not only underpins Australia’s economic and diplomatic presence in the Pacific but also echoes the Albanese Labor government’s enduring commitment to equitable access to financial services both at home and across our region.”
Dave Sharma LIB
“I thank my colleagues for making quorum; I appreciate that. Australia’s interests in the Pacific are vital, and this is something I know personally.”
Lisa Darmanin ALP
“I will keep this brief, as many of the previous government speakers have said, I think, what needs to be said on the Pacific Banking Guarantee Bill 2025. With the Albanese government, we are making it clear. You can bank on Australia to keep the Pacific connected to the global financial system.”
Nita Green ALP
“I rise to contribute to this debate, particularly given my new portfolio as Assistant Minister for Pacific Island Affairs and my most recent engagement in the Pacific around this issue. I begin by thanking the committee and the chair for the good work on the report and that engagement with stakeholders. The Pacific Banking Guarantee Bill 2025 is an important bill for Australia and for the Pacific.”
Anthony Chisholm ALP
“I’d like to thank the senators who have contributed to this debate.”