Chris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is for the Treasurer. Can the Treasurer confirm a report by Phil Coorey in today's Financial Review that the terms of reference for the banking royal commission were being worked on 'for a long time' because 'we knew this was inevitable'? Can the Treasurer also confirm he was not shown the terms of reference until Tuesday last week? If a royal commission was inevitable, why did the Prime Minister rule one out 48 hours earlier and why was the Treasurer kept in the dark for so long?

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