Anthony Chisholm (Queensland, Australian Labor Party) Share this | Hansard source

Labor will not be supporting Senator Anning's motion for another broad-ranging Senate select committee inquiry into financial services and banking. The most effective inquiry mechanism with the strongest, broad-ranging powers to compel documents and witnesses is actually the current banking royal commission. This royal commission would never have been called except for years of pressure from Shorten Labor. Labor would prefer to see the royal commission have its reporting date put back to allow more witnesses and victims of banking scandals to be able to appear before it. This should be the focus of the Senate and the parliament at this time.

Question negatived.