BANKING TRIBUNAL BACKDOWN: TURNBULL CAN'T EVEN DELIVER THE PROMISES HE MAKES TO HIS OWN MPS

Government MPs who have stood up for banking victims and supported Labor’s calls for a Royal Commission have no choice but to come good on their promises.

Yesterday's decision by Malcolm Turnbull to abandon the promise he made just two months ago to establish a new Banking Tribunal and take “real action” for the victims of banking scandals shows just how far he will go to protect the banks.

Malcolm Turnbull has shown he puts protecting the banks before keeping promises to his own colleagues. 

Only a Royal Commission will bring justice to the victims of the banks. 

Labor has consistently called for a Royal Commission to shine a light on the misconduct in the banking sector that has ruined thousands of Australian’s lives.

Now we call on Government MPs who know that only a Royal Commission will do, to stand with Labor to send a clear message to Malcolm Turnbull that the time to take action is now.

George Christensen promised banking victims he would vote to support a royal commission, and last night Warren Entsch told ABC Radio that it was either a Tribunal with appropriate enforceable powers or a Royal Commission.

Warren Entsch was right when he said yesterday on ABC radio that this is "all about the victims". 

Labor will continue to fight for a Banking Royal Commission because we know that it is the only thing that can deliver the systematic, structural and cultural change that the banking and financial services sector needs.

The time has come for Government MPs who support a Banking Royal Commission to stand up for the victims and join Labor and establish one. 

WEDNESDAY, 7 DECEMBER 2016


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