5 years ago
PYNE REMINDER LIBS CAN’T BE TRUSTED ON BANKS
CHRIS BOWEN MP
Christopher Pyne’s admission on ABC Insiders that there would be new legislation responding to the Banking Royal Commission until ‘after the election’ shows the Liberal Party simply cannot be trusted on banking policy and it exposes Scott Morrison’s part-time parliament approach too.
Barely one week later after the release of the Royal Commission final report the Government has admitted there will be no progress on banking legislation until after the election and possibly as late as August or September.
Christopher Pyne also repeated the lie that the Labor Party was blocking the Protecting Your Super legislation – legislation that had been sitting in the Senate since June with the Government yet to bring it on for a vote.
There are several recommendations that require legislation to improve our banking system and ensure Australians aren’t ripped off, but Scott Morrison’s part-time parliament makes it very difficult to take immediate action to clean up the banks.
The Leader of the Opposition has written to the Prime Minister suggesting the parliament sit for an additional two weeks to consider and pass legislation on areas of reform flowing from the Royal Commission that are not controversial, benefit the consumer, and enjoy bipartisan support.
The Liberals tried to stop this Royal Commission from happening. They cannot be allowed to go soft on the banks, or go slow on implementing the reforms.
The Liberals’ handling of the Banking Royal Commission has been woeful from start to finish. It has:
Barely one week later after the release of the Royal Commission final report the Government has admitted there will be no progress on banking legislation until after the election and possibly as late as August or September.
Christopher Pyne also repeated the lie that the Labor Party was blocking the Protecting Your Super legislation – legislation that had been sitting in the Senate since June with the Government yet to bring it on for a vote.
There are several recommendations that require legislation to improve our banking system and ensure Australians aren’t ripped off, but Scott Morrison’s part-time parliament makes it very difficult to take immediate action to clean up the banks.
The Leader of the Opposition has written to the Prime Minister suggesting the parliament sit for an additional two weeks to consider and pass legislation on areas of reform flowing from the Royal Commission that are not controversial, benefit the consumer, and enjoy bipartisan support.
The Liberals tried to stop this Royal Commission from happening. They cannot be allowed to go soft on the banks, or go slow on implementing the reforms.
The Liberals’ handling of the Banking Royal Commission has been woeful from start to finish. It has:
- voted 26 times against establishing a Royal Commission;
- refused to extend it to hear from more victims of banking scandals;
- Scott Morrison was the last person opposing a Royal Commission;
- Josh Frydenberg then hung onto the final report for three days during which there was a serious leak allegation;
- The PM and Treasurer refused to apologise for not calling it sooner;
- Refused to extend parliament to consider legislation to toughen bank regulation.
Labor called for this Royal Commission, Labor fought for this Royal Commission, Labor will establish a Financial Services Royal Commission Implementation Taskforce, and Labor will work day and night to protect Australian businesses and consumers from this appalling misconduct.