Malcolm Turnbull Wentworth, Liberal Party, Prime Minister
2:31 pm
or they have been treated unfairly by banks and financial institutions. What does a royal commission do to help them? Years and years, hundreds of millions of dollars in legal expenses, and at the end of that is written a report—not one dollar of compensation, not one measure of redress. The honourable member's call for a royal commission into the banks is nothing more than a political exercise which will do nothing to resolve the needs, the concerns, of people who have been treated unfairly. I invite the Treasurer to add to my remarks.
No comments