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Labor also sent their official response:
Today & # 39; hui, Scott Morrison owes the nation an apology for opposing the royal banking commission.
Twenty-six times he voted against.
For 600 days, the Liberals did not act at the same time as they were fighting to give the banks a $ 17 billion tax.
The release today of the interim report of the Royal Commission on Professional Misconduct in Financial Services has highlighted a shocking misbehavior in the industry – and how disturbing it is that Morrison fought to protect the banks for so long. long time.
The interim report posed the question of why bank scandals occurred and provided this clear and disturbing answer:
"Too often, the answer seems to be greed – the pursuit of short-term profit at the expense of basic standards of honesty."
And in a major criticism of the Abbott-Turnbull-Morrison government and a lack of action by financial regulators:
"When the misconduct was revealed, it went unpunished or the consequences did not correspond to the seriousness of what had been done."
Labor will now be looking closely at the interim report of the royal commission and its findings.
The Liberals never took it seriously – they were dragged and shouted by this royal commission and imposed an unreasonably short deadline. We can not trust them to act properly on these results.
Today, the Labor Party announces that we are going to repress the disgraceful grudges and scams that have been revealed by the royal commission.
When elected, a Shorten Labor government will establish a task force on the implementation of the Royal Commission on Financial Services to reform the profit culture in relation to people in the financial services sector.
The working group will be located within the Treasury and will work closely with the Attorney General's Department and will oversee the implementation of reforms recommended by the Royal Commission to ensure that they are implemented quickly and efficiently.
The working group will consult with victims and victims' groups – in recognition of the fact that this is the lived experience of systemic misconduct in the banking sector.
As part of a Shorten Labor government, Chris Bowen, as Treasurer, will report to parliament every six months on progress in implementation, until recommendations are fully implemented. implemented.
The Liberals did everything in their power to hide this misconduct. For 600 days, they blocked a royal commission. Premier Scott Morrison voted against a royal commission on 26 occasions, calling it "reckless distraction" and "QC claim office".
No one can trust the Liberals to fix this terrible misconduct. They have always been and always will be on the side of the big banks.
The workforce will be fighting for ordinary Australians and we are absolutely determined to crack down on crooks and malpractice in our financial services sector.
Labor demanded this royal commission, Labor fought for this royal commission, Labor will create a task force on the implementation of the Financial Services Commission, and work day and night to protect Australian businesses and consumers .
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