Clare O'Neil (Hotham, Australian Labor Party, Shadow Minister for Justice) Share this | Link to this | Hansard source

Prime Minister, yesterday the royal commission heard about ANZ's treatment of the Handley family, whose farm struggled with drought and fires. ANZ reneged on an agreed overdraft and overcharged interest on the Handley's accounts. When Elizabeth Handley received adverse biopsy results, ANZ refused to reschedule their mediation. She was later diagnosed with cancer. Why is the Prime Minister rewarding the big banks with a $17 billion handout?

Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Link to this | Hansard source

The testimony that was given in the royal commission reveals unconscionable conduct, and the ANZ bank is being rightly held to account. I'm disappointed that the honourable member wants to call that in aid of an argument about company tax. The reality is this: we are determined to ensure that the wrong that has been done will not be repeated, and that those in the financial services sector who have done the wrong thing will be held to account. The government has been demonstrating it's determination to do that, as you've seen from one case after another. I will refer to one good example, one very substantial one: the $700 million fine that this Commonwealth Bank has recently paid following AUSTRAC's work. We are determined to ensure that those wrongs will not be repeated and that those who have done the wrong thing will be held to account.