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Crossbenchers back several side days to handle bank inquiry – Policy

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February 6, 2019 22:07:18

Crossbenchers expresses its support for extra parliamentary days ahead of the budget and the election following the release of the Bank's Royal Commission final report.

Key points

  • Crossbench MPs Sharkie, Wilkie, Phelps, McGowan and Bandt would support a move to increase the meeting
  • House manager Christopher Pyne has rejected Work's requirements
  • The opposition has called for an investigation into whether the bank's royal commission results had leaked

The federal government has pledged to act on Commissioner Kenneth Haynes 76 recommendations, but Bill Shorten, Director of Labor, has called on the coalition to schedule more days to ensure that there is sufficient time to deal with legislation.

The 2019 meeting calendar has been a controversial issue since it was released last year, when the federal opposition beat the government for penciling in less than two weeks before the early budget on April 2.

In view of the election to be held on May 18, Prime Minister Scott Morrison had to start the campaign shortly, leading to accusations that the government is trying to avoid control and any testing of its authority on Parliament's floor.

Crossbench MPs Rebekha Sharkie, Andrew Wilkie, Kerryn Phelps, Cathy McGowan and Adam Bandt all expressed support for any suggestion to force more sittings in the calendar, and Bob Katter said he was open to the idea and would discuss it with his colleges.

The coalition remains unaffected, despite the lack of majority on the Board of Representatives.

"The government won't change the seating calendar," said head of house Christopher Pyne to ABC.

"If the work was serious about the financial sector reform, they would have to vote for the legislation in the Senate this week's coming up, and we will be able to reform superannuation next week.

"The government is taking action on all 76 of Commissioner Hayne's recommendations."

Work requires information on leakage

The debate on several meeting days to deal with the bank's royal commission's results comes as Labor also requires an investigation into whether its final report was leaked early.

The Federal Government published Commissioner Haynes report at. 16.20 on Monday after the stock market closed.

But Shadow Financial Services Minister Clare O & # 39; Neil has written to the head of the Premier's Department to investigate whether it remained under lock and key until then.

A lock-up for media and other interested parties to pour over the report under embargo began at 13:00 on Canberra on Monday.

"Around 11:00 am on Monday, traders traded half a billion dollars in bank shares, an investment that generated $ 22 million in just 24 hours, thanks to the unexpected increase in the value of bank shares as the market reopened Tuesday morning. "Ms. O & # 39; Neil wrote to Dr Parkinson on Wednesday.

"When the lockout presented at 13:00 – two hours after this activity on the ASX – and the Hayne report was in strictly limited days for several days within the government before publishing, I ask to investigate whether information was leaked by a ministerial office a minister or member of the Australian public service prior to publication. "

Some have suggested that the banks were fairly reluctant to report to the King's final report despite the poor testimony heard at the hearing.

Monday night, cashier Josh Frydenberg was asked about the activity on the market, and whether the big banks got an orientation in the morning.

"Absolutely not. There was a lock-up and there were security guards around the parliament," he told ABC's 7:30 program.

"There were obviously Treasury officials, and it was very, very closely monitored.

"The only people allowed to be locked were stakeholders, and when it came to the banking sector, it was their representative body and, of course, senior journalists."


The government-and-politics,

royal commissions,


federal elections,


First posted

February 6, 2019 21:27:10

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