Senate debates

Monday, 27 November 2017

Questions without Notice

Banking and Financial Services

2:37 pm

Photo of George BrandisGeorge Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

Well, Senator Georgiou, if there have been 17 inquiries, including parliamentary inquiries, since the GFC then perhaps that's a good argument why we don't need another one. Perhaps that's an argument that what we ought to be doing—as this government is doing—is to get on with implementing the recommendations of those 17 inquiries, which is precisely what we are doing.

Some of the measures that the government has introduced that I just ran you through in answer to your first question, Senator Georgiou, are evidence of the government giving effect to the recommendations of the 17 inquiries we've already held. In relation to the Ramsay review, the government is responding to the second report of Professor Ramsay's review, addressing the issue of legacy cases of bank misconduct. The reason we had the Ramsay review and the reason the government are responding to it to get a real outcome for those customers are that we've adopted the recommendations of one of those inquiries.

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