The Federal Government has introduced a bill to Parliament to set up a special fund to help commercial property projects struggling to refinance their loans.
The $4 billion partnership between the Government and the four major banks aims to help projects with liquidity, if foreign banks will not refinance loans.
But Opposition Leader Malcolm Turnbull says the draft legislation is much more expansive than the Government led everyone to believe.
"It can refinance any commercial property syndicate and, I might add, it's not limited to commercial property," he said.
"It can extend to any other form of commercial finance that the banks and the Government agree.
"So what Mr Rudd has done has gone way beyond what was originally announced."
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