| From Abc.net.au: The Federal Government's proposed $4 billion commercial property rescue package is to face tough opposition from the Coalition in the Senate. Opposition Leader Malcolm Turnbull has described the Australian Business Investment Partnership - designed to prop up the sector if foreign banks fail to renew loans to local projects - as a "very, very bad idea".
Mr Turnbull has stopped short of saying whether the Opposition would block legislation for the package in the Senate but he says they will have to evaluate what the Government presents. .... Full Article: Source
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