LABOR WILL WORK WITH NATIONALS TO ESTABLISH BANKING ROYAL COMMISSION

Reports today that Senator Barry O’Sullivan will introduce a Bill into the Senate to establish a banking Royal Commission is good news particularly for those who have suffered as a result of banking scandals and misconduct.

 

Labor welcomes Senator O’Sullivan’s support to establish a Royal Commission this year and commits to working with him to deliver majority support in the Senate and across the parliament for the legislation.

 

Labor hopes that Senator O'Sullivan is genuine in his support for victims of bad banking conduct and isn't just playing political games with the divisions and dysfunction that are tearing the Turnbull Government apart.

 

For years now, thousands of Australians have been arguing for a Royal Commission to hold the banks to account and the Turnbull Government has consistently rejected these calls.

 

Labor will hold Senator O'Sullivan to account on this. Years of scandals, misconduct, illegal conduct and unethical practices has caused serious harm to banking customers.

 

The Nationals talk a lot about their support for a Royal Commission into Australia's banks.

 

Now they have the opportunity to help deliver one.