House debates

Thursday, 31 May 2018

Questions without Notice

Financial Services Industry

2:51 pm

Photo of Mark DreyfusMark Dreyfus (Isaacs, Australian Labor Party, Shadow Attorney General) Share this | Hansard source

My question is to the Prime Minister. I refer to the government's new Banking Executive Accountability legislation. What sanctions would the chairman of an investment bank such as Goldman Sachs be subject to under these new measures when he dishonestly breaches the Corporations Act in advising on the sale of an insurance company, when that sale then contributes to the greatest corporate collapse in Australian history?

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