Senate debates

Thursday, 30 November 2017

Questions without Notice

Banking and Financial Services

2:23 pm

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

Currently, banks are only required to keep financial records for seven years. We've seen catastrophes like forestry managed investment schemes in 2009, eight years, ago, and the Storm Financial collapse in 2009, eight years ago. People walking down Collins Street or in Martin Place today might be wondering if it is the sound of shredders that they can hear. Minister, will the government request that the banks do not destroy any documents relative to this royal commission?

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