Senate debates

Tuesday, 5 September 2023

Bills

Financial Accountability Regime Bill 2023, Financial Accountability Regime (Consequential Amendments) Bill 2023; In Committee

12:30 pm

Photo of Malcolm RobertsMalcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

So you allow it to continue with no accountability. It seems we don't have four big banks; we have one monstrous bank working under four logos and with four divisions. There's no difference between their primary products and services and their ways of operating. Their products, services and operations are so similar that I recognised, as chair of the Senate Select Committee on Lending to Primary Production Customers back in 2017, that they operate as one. They're a cartel. Are you aware of the common ownership and common products and services of these banks?

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