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

I seek leave to move the following motion:

That the House:

(1)      notes that:

(a)   confidence and trust in the financial services industry has been shaken by ongoing revelations of scandals and tens of thousands of Australians being ripped off;

(b)   retirees have had their retirement savings gutted;

(c)   families have been rorted out of hundreds and thousands of dollars;

(d)   small business owners have lost everything;

(e)   life insurance policy holders have been denied justice;

(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”—

See this speech in context