COMMINSURE REPORT IS FURTHER PROOF OF THE NEED FOR A ROYAL COMMISSION NOW

The release of the CBA's CommInsure report demonstrates very clearly that Malcolm Turnbull’s protection of the banks and his failure to call a royal commission into the banks is allowing the CBA to brush-off the scandal with a "nothing to see here" report.  

The new report was commissioned and paid for by the Commonwealth Bank into its own scandal plagued insurance arm, CommInsure. Publishing a report without interviewing a single customer is simply inadequate and offensive to the victims of this scandal. 

Labor will continue to fight for a royal commission because we know it is the only way to shine a light on the misconduct and cultural issues in the banks that have led to thousands of Australians, including small businesses, being ripped off or treated unfairly by them. 

Malcolm Turnbull needs to stop protecting the banks and do what is in the interests of Australian banking consumers and establish a royal commission.

WEDNESDAY, 1 MARCH 2016

Senator Katy Gallagher is Labor's Shadow Minister for Small Business and Financial Services. 


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