House debates

Tuesday, 22 November 2016

Committees

Economics Committee; Report

6:24 pm

Photo of Craig KellyCraig Kelly (Hughes, Liberal Party) Share this | Hansard source

Exactly right! Allow those who have had the wrong thing done by them to get justice. That is what we should be about here—not grandstanding through a royal commission, not running up millions and millions of dollars in costs for lawyers. I would call on the opposition to try and put aside their partisan hats, take off their blinkers and let us try and do the right thing by people who have had the wrong thing done to them by the banks. Give them the opportunity to actually get access to justice, because that is what this should all be about.

Ultimately, if you are talking about changing the culture, a tribunal is what will change the culture. If the banks are sitting down to negotiations in a commercial dispute with a small business person or a consumer and they know that they do not have the fallback position of, 'Well, sue us. Take us to the Supreme Court. You can't afford the costs, so you can't win,' but they can be taken before a tribunal and have their documents subpoenaed, that levels the playing field. That changes the culture. Let's get together on this. Let's work together as parliamentarians in the best interests of the consumer and the small business people of this country.

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