Government awaits final bank probe report


READ MORE

The final report from the banking royal commission is set to be handed over to the government ahead of its public release.


Financial services royal commissioner Kenneth Hayne QC will deliver the report to Governor-General Sir Peter Cosgrove in Canberra on Friday.


Bureacrats will be in overdrive over the weekend preparing for Treasurer Josh Frydenberg to release the report’s findings on Monday at 4.10pm.


Deputy Prime Minister Michael McCormack says he’s looking forward to the report, but says credit squeeze may be an issue.


“We need to back our small businesses,” he told 2CC radio.


“The government is doing it. The banking sector needs to do it.


“The credit unions and Customer Owned Banking Association members – they always stand ready, particularly in regional areas, to fill those gaps where banks can’t or won’t or don’t.”


Shadow treasurer Chris Bowen says the vital role banks play in the economy shouldn’t be used as an alibi for bad conduct or criminality.


Mr Bowen says the government has “mismanaged banking policy”, noting that Prime Minister Scott Morrison voted dozens of times against a royal commission.


“And now it appears the Treasurer wants to deny Australians the right to see the final report when it is received on Friday,” he told AAP.


Article source: https://www.smh.com.au/national/nsw/why-we-can-t-afford-to-let-aunty-abc-be-privatised-20180619-p4zme9.html?utm_medium=rss&utm_source=rss_feed

Comments

Post a Comment

Popular posts from this blog

Harry Styles Unfollows His Keyboardist, Who Defended A Man Charged With Rape, & Fans Cheer

READ MORE The keyboardist on Harry Styles’ final tour, Clare Uchima, is underneath glow for display support for a charged assailant — and fans were over vehement to see that Harry unfollowed her on amicable media. Harry Styles fans are entertaining him on for unfollowing  Clare Uchima , a lady who played keyboard on his final tour , on amicable media. Harry’s logic for attack a ‘unfollow’ symbol on Clare was not revealed, nonetheless fans are assured it’s given of her tie to  Oritse Williams , a member of former UK RB organisation JLS , who was charged with rape in September. Oritse and another male were charged with raping a fan in a hotel room after a 2016 performance, and Clare publicly showed her support for Oritse, who she considers a friend. Oritse denied a allegations when a assign was made. “Women have been operative so tough for generations to get where we can be giveaway and equal individuals,” Clare wrote on Instagram after Oritse’s rape charge. “#MeToo was such a breakthro
Read more

One Nation's Malcolm Roberts wants migration rate more than halved

Image
READ MORE Australia’s yearly intake of skilled migrants and their families should be radically cut to just 70,000, according to One Nation’s top Senate candidate in Queensland. The current cap has been set at 190,000 since 2011, but the actual intake fell to its lowest level in a decade under the Coalition government  during the past financial year, with just 163,000 permanent arrivals. Mr Roberts will lead the One Nation ticket in the Senate in the party’s traditional stronghold state of Queensland at the next federal election, which is due to take place by May. He was ejected from parliament earlier in the year when the High Court found he held a dual citizenship, in breach of Section 44 of the Constitution. Party leader Pauline Hanson has a six-year term and her seat will not be in contested. One Nation is known for its anti-immigration policies, but will need to compete with rivals like Katter’s Australia Party, whose members have called for a public vote on a potential return to
Read more

World Cup Central: Dhoni, Akhtar, Botham in All Blacks all-time cricket XV

READ MORE Facebook Twitter Facebook Messenger Pinterest Email print World Cup fever has crossed platforms. There was Harry Kane sneaking into India’s training sessions to meet Virat Kohli. And now there’s the All Blacks picking a XV made up of past and present cricketers. With the @cricketworldcup underway in England, we’ve taken a look at all the best players from past and present to select the ultimate Cricket XV! SQUAD NOTES https://t.co/B3rnj5OBuJ #CWC19 pic.twitter.com/KuUtPU77PT — All Blacks (@AllBlacks) June 2, 2019 And they’ve got some pretty cool reasons for picking some pretty cool players. Curtly Ambrose : If anyone wants to argue with this selection then take it up with Sir Curtly himself. We dare you. MS Dhoni : The Richie McCaw of Cricket. Enough said. Dwayne Leverock : Famous for his one-handed catch at the 2003 World Cup, the 130kg Bermudian would surely make just as big a splash on the rugby field. Jofra Archer runs in to bowl  Getty Images June 1 Archer the fastes
Read more