QUESTIONS WITHOUT NOTICE

Senator WHITTEN (Western Australia) (14:49): My question is to the Minister representing the Treasurer: I asked in November whether the Labor government had done any modelling on the default rates for young people accessing the five per cent deposit scheme in the event of two rate rises. I didn't get an answer to that question. Here we are, after three rate rises, with the markets telling us that there's more to come.

What is the total contingent liability for home loan defaults under the five per cent scheme?