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

My question is to the Prime Minister. The government is reported to be considering directing ASIC to conduct an inquiry into the banking and financial services industry. Can the Prime Minister confirm that ASIC cannot inquire into its own role or APRA's role, ASIC cannot hold an inquiry in public and ASIC can only investigate individual cases, where a royal commission examines systemic issues? When will the Prime Minister stop appeasing and apologising for the banks and launch a royal commission into the Australian banking sector?

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