Chris Ketter (Queensland, Australian Labor Party) Share this | Hansard source

I refer the minister to recent statements by the Prime Minister, who says:

… banks don't just operate under a banking licence, they operate under a social licence and that is underwritten by public confidence and trust.

Given that confidence and trust in the financial services industry have been shaken by ongoing revelations of scandals which have resulted in tens of thousands of Australians being ripped off, why does the government continue to stand in the way of a royal commission?