House debates

Monday, 18 April 2016

Business

Rearrangement

10:09 am

Photo of Bill ShortenBill Shorten (Maribyrnong, Australian Labor Party, Leader of the Opposition) Share this | Hansard source

The motion continues:

(f)   it is clear from the breadth and scope of the allegations that the problems in this industry go beyond any one bank or type of financial institution;

(g)   on 6 April 2016, the Prime Minister himself said “There have been many troubling incidents over recent times for them simply to be dismissed”;

(h)   Liberal and National parliamentarians have defied the Prime Minister and the banks and publicly supported a Royal Commission;

(i)   Australia has one of the strongest banking systems in the world but we need Australians to have confidence in their banks and financial institutions, to uncover and deal with unethical behaviour that compromises that confidence;

(j)   there are reports that Mr Turnbull and Mr Morrison have been secretly colluding with the banks to concoct a plan to protect them from a Royal Commission—

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