Peter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

My question is to the Minister for Finance representing the Treasurer, Senator Cormann. Minister, in response to last week's stunning revelations that the Commonwealth Bank facilitated money laundering through its deposit machines, the Greens and a number of investor representatives have called for swift and decisive action to sanction bank executives, including canning their bonuses, cutting their salaries or sacking them. Yesterday, the bank's board cut cash bonuses to executives to placate such calls. Even after taking a haircut, the CEO of CommBank, Ian Narev, will still earn close to $10 million a year. Does the government believe that it is fair that the CEO of a bank that has a rap sheet as long as my arm gets paid $10 million a year?