TURNBULL GOVERNMENT MP BACKS LABOR’S CALL FOR A BANKING ROYAL COMMISSION

After a week of bad news for banking customers, Turnbull Government MP George Christensen has acknowledged what the Australian community has long known: we need a Royal Commission into the banking and financial services sector.

After previously falling into line with Malcolm Turnbull’s flawed plans for a banking tribunal and other half-hearted attempts to put off a full inquiry, last night George Christensen took to Facebook to publicly state his support for a banking Royal Commission.

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Mr Christensen’s intervention shows that even Malcolm Turnbull’s own backbench no longer supports him in running a protection racket for the big banks.  

It's now time for the Prime Minister to stop being the best friend the banks have ever had and act in support of banking customers and the victims of bad bank culture.

Labor has consistently called for a Royal Commission into Australia’s banking and financial services sector because we know that this is the only way to bring about the systemic, structural and cultural change that our banks so clearly need.

Much like his leadership, Malcolm Turnbull’s efforts to block a banking Royal Commission are looking shakier by the day.

SATURDAY 26 NOVEMBER, 2016