QUESTION WITHOUT NOTICE ON GOVERNMENT BANKING

My question is to the Minister for Health. Minister, Heywood Rural Health is required to participate in the Andrews Labor government’s central banking system initiative.

Heywood Rural Health have $2.8 million worth of accommodation bonds deposited with the Heywood branch of Bendigo Bank. The Heywood branch of Bendigo Bank is a community bank and the only bank in Heywood. Minister, Heywood Rural Health stands to lose up to $30 000 per annum as a direct result of the Andrews Labor government’s central banking system initiative.

What consultation did the government undertake with Heywood Rural Health to explain, one, the impact of this required move to a centralised banking system and, two, what, if any, compensation would be provided for losses suffered by the health service as a result of this move?

6 March 2019