Senate debates

Tuesday, 26 November 2019

Questions without Notice

Banking and Financial Services

2:26 pm

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

I have a question and a suggestion. After a raft of scandals in the banking system, Israel decided that the banks would not clean up their act until the incentive culture was eliminated. They legislated unanimously to cap executive pay in 2016. Minister, I ask this on behalf of all Australians, and I think we all agree there has been one scandal too many for the Australian people: will you now act to stop the rot and legislate to cap executive pay in Australia?

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