Senate debates

Monday, 12 February 2018

Questions without Notice

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

2:22 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

My question is to the minister representing the Treasurer, Senator Cormann. In the opening statement of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Kenneth Hayne stated—or, in my opinion, expressed his frustration—that big banks have already properly failed to answer questions about their misconduct and, when pushed to provide the full information requested, indicated that they don't have time to comply. This is not a good look, especially when the short time frame that you've set for this royal commission has already led to concerns that it is a Mickey Mouse royal commission. Are you concerned that at this early stage the banks are playing games with the royal commission and not treating it with the respect it deserves? If so, will you, the Prime Minister or the Treasurer express your anger to the banks and get them to get their information in on time?

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