In my capacity as chair of the Senate Economics References Committee, I have seen the types of behaviour that this report touches on in other areas in the scrutiny of financial advice. The inquiry has seen similar examples of unethical and unconscionable behaviour within the Australian financial services industry. The Labor members of the PJC believe that there is great evidence here that there is a need for a royal commission into the financial services institutions to establish how widespread these behaviours are within the industry. We support a royal commission.

Question agreed to.