Appearing before Senate estimates, asicmedia says it is investigating or assessing more than 40 cases that have arisen from the Kenneth Hayne's report, including all 13 referrals made by the commissioner.
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ASIC eyeing criminal prosecutions after royal commissionThe corporate watchdog is adopting a litigate-first strategy after the banking royal commission.
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Govt committed to ‘taking action’ on all royal commission findings: Treasurer | Sky News AustraliaMost of the banking royal commission's 76 recommendations have been accepted by the government - but not all.\n\nTreasurer Josh Frydenberg is cautious about ending commissions for mortgage brokers altogether.\n\nMeanwhile, Nationals Senator John 'Wacka' Williams, who was the first to push for this inquiry, has also expressed some surprise that individual banking executives who broke the law weren't called out.\n\nImage: News Corp Australia\n\n\n\n
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House of Representatives formally passes motion for disability royal commission | Sky News AustraliaThe House of Representatives have formally passed the motion calling on the government to to establish a royal commission into the treatment, abuse and neglect of people with a disability.\n\nSky News host David Speers says it now seems very likely the royal commission will happen, with the Prime Minister still to finalise negotiations with the states and stakeholders.\n\nLabor has been calling for such a commission since May 2017, and while the government voted against the commission in the Senate last week, it backed it in on Monday in the lower house. \n\n\n\n\n\n\n\n\n
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Government won't oppose disability royal commission: Morrison | Sky News AustraliaThe government is facing mounting pressure to call a royal commission into the treatment of people with disabilities after extending Thursday's Question Time to avoid the prospect of losing a vote in the House of Representatives. \n\nPrime Minister Scott Morrison on Sunday said the government will support the motion, despite the expectation that Labor and the Greens have the numbers to pass it without the Coalition. \n\nThe vote is expected to come before parliament on Monday. \n\nImage: News Corp Australia \n\n\n
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Mortgage brokers furious in wake of banking royal commission | Sky News AustraliaMortgage brokers are furious in the wake of the banking royal commission, warning their industry will be decimated if all recommendations are implemented. \n\nCommissioner Kenneth Hayne delivered 76 recommendations in his final report on Monday, one of which was the abolition of commissions for mortgage brokers. \n\nMortgage broker Marissa Schulze has told Sky News presenter Kieran Gilbert ‘all Australians will suffer’, particularly those most vulnerable, if the recommendation is legislated. \n\nTreasurer Josh Frydenberg says he will consider the implications of the recommendation before any decisions are made. \n\n\n\n\n\n
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Labor announces response to banking royal commission | Sky News AustraliaLabor frontbencher Richard Marles says the Australian public is 'crying out' for politicians to legislate changes to the financial sector in the wake of the banking royal commission.\n\nThe Opposition is promising to crack down on the big banks by forcing them to reveal how they plan to uphold the royal commission’s recommendations if it wins the next election.\n\nUnder the proposed new laws, banks and regulators will be required to develop plans to clean up their code of conduct with a review every six months.\n\nLabor is also planning to scrutinise financial companies which offer 'dodgy' funeral insurance or car loans.\n\nMr Marles says it's 'ridiculous' parliament is not sitting for longer in order to respond to some of the 76 recommendations handed down by Commissioner Kenneth Hayne.\n\nHe told Sky News 'it's a joke' the Coalition is not allotting more time for parliament to respond to the problems within the banking and financial sectors.\n\nImage: News Corp Australia\n\n\n
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Govt faces mounting pressure to call disability royal commission | Sky News AustraliaThe government is facing mounting pressure to call a royal commission into the treatment of people with disabilities. \n\nThe Coalition was accused of filibustering to avoid losing a vote into the inquiry by extending Question Time on Thursday. \n\nLabor and the Greens have voiced support for a royal commission, with a vote expected to be held on Monday. \n\nImage: News Corp Australia \n\n\n\n\n
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