Malcolm Turnbull voted 24 times to block a Banking Royal Commission

Malcolm Turnbull voted 24 times to block a royal commission into the banking and financial services. The Royal Commission has already uncovered evidence of widespread criminality by the big banks. 

And now Mr Turnbull is supporting a push to give the big banks a $13.2 BILLION corporate tax cut AND laws that allow banks to get their hands on industry super. 

 


"I mean a royal commission into the banks! What is a royal commission into the banks going to tell us that we do not know? What recommendations is it going to make that we have not implemented? We know what is wrong with banks."

Malcolm Turnbull, Question Time – 10 May 2017

 

"We have made it clear that we are not going to establish a royal commission"

Malcolm Turnbull Press Conference – 28 November 2017


Source: Hansard


24 TIMES MALCOLM TURNBULL MP VOTED AGAINST A BANKING ROYAL COMMISSION


The Banking Royal Commission has proved that we're being ripped off and it never would have happened if Malcolm Turnbull had his way.

Big banks are out of control.

Small business owners, farmers and working people have been robbed.

The banks bring in record profits every year.

We can stop this tax cut. We can stop banks ripping people off.


HERE’S WHAT THE ROYAL COMMISSION HAS EXPOSED SO FAR:

1. Commonwealth Bank charged dead people fees for over ten years

2. Commonwealth Bank charged millions in fees and still hasn’t paid them all back

3. Commonwealth Bank is being sued for failing to comply with laws targeting money laundering for terrorist groups and drug cartels

4. Westpac refused to stop pushing people into dodgy products, saying it would put them at a commercial disadvantage

5. AMP stole fees from customers for no service, lied to the regulator, trapped people in dodgy investments and charged them up to $25,000 per month for the privilege

6. NAB handed people cash to sign others up people to bad deals

7. ANZ and NAB manipulated the banking bills swap rate for massive profits