Jim Chalmers (Rankin, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

I seek leave to move the following motion:

That the House:

(1) notes:

  (a) today marks two years since the release of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry's final report,

  (b) this Prime Minister voted against that royal commission 26 times,

  (c) two years after its final report only 27 of the royal commission's 76 recommendations have been implemented,

  (d) the government has even abandoned the very first recommendation the royal commission made to keep responsible lending laws in place,

  (e) this Prime Minister and this government have let down the victims of financial services misconduct; and

(2) calls on the Prime Minister to implement the recommendations of the royal commission.

Leave not granted.

I move:

That so much of the standing orders be suspended as would prevent the member for Rankin from moving the following motion immediately:

That the House:

(1) notes:

  (a) today marks two years since the release of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry's final report,

  (b) this Prime Minister voted against that royal commission 26 times,

  (c) two years after its final report only 27 of the royal commission's 76 recommendations have been implemented,

  (d) the government has even abandoned the very first recommendation the royal commission made to keep responsible lending laws in place,

  (e) this Prime Minister and this government have let down the victims of financial services misconduct; and

(2) calls on the Prime Minister to implement the recommendations of the royal commission.

When it comes to rorts and rip-offs in the banking system those opposite are always on the side of the big banks.

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