.billshortenmp is committing to the establishment of a comprehensive compensation scheme for victims of banking misconduct should AustralianLabor prevail at the federal election. Full details in today's edition of 2600SkyNews. auspol
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Labor trying to mask medivac bill error in questioning Cormann: Hastie | Sky News AustraliaLiberal MP Andrew Hastie says Labor is trying to ‘mask the error’ of passing the medivac bill by questioning Finance Minister Matthias Cormann over his personal finances.\n\nMr Cormann is under pressure over a family holiday which he claims he had no idea he received for free.\n\nLabor Senator Kimberley Kitching says that the Liberal Party is ‘so out of touch’ with the public that an MP did not notice a trip was not on his credit card statement. \n\n\n\n\n\n\n\n
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Labor was ‘drunk on power’ when medevac bill was passed: Shanahan | Sky News AustraliaPolitical Editor at The Australian Dennis Shanahan says that Labor had ‘a rush of blood to the head’ and was 'drunk on power’ when passing the medevac bill.\n\nMr Shanahan tells Sky News that the party was convinced it was ‘far ahead’ of the Coalition when supporting the amendments made to the bill, and that it thought it could push Prime Minister Scott Morrison to an early election.\n\nIn the recent issues of the small business powers and the disability royal commission in parliament, Mr Shanahan says Mr Morrison is ‘outmaneuvering’ Labor leader Bill Shorten.\n\n\n\n\n\n\n\n\n\n
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Big stick energy debate moot without Labor support | Sky News AustraliaGreater government power over energy companies is tipped to be a key issue in parliament after the Coalition shelved the debate last week.\n\nFederal Energy Minister Angus Taylor says the Coalition will put its big stick energy legislation to parliament if Labor is prepared to support it, despite conceding the Opposition has voted against it a dozen times. \n\nThe Coalition's 'big stick' divestiture policy is designed to crack down on energy providers convicted of misusing their market power, and, in extreme cases, force the removal of assets in order to drive prices down.\n\nImage: News Corp Australia \n\n\n\n
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Labor throwing mud to distract from its own 'issues' | Sky News AustraliaSky News host Kieran Gilbert says Labor is slinging mud in the direction of Finance Minister Mathias Cormann after his admission he wasn't charged for flights booked with a company that had won a government contract.\n\nThe company Helloworld was chosen for a $21 million government tender just weeks before the trip was booked.\n\nHowever, Senator Cormann said he had no influence over the tender process, and says he was not sure why Helloworld did not deduct payment for a flight he booked with them in 2018.\n\nMinster Cormann has paid back the fees, saying he wasn't charged for flights due to an 'administrative' mistake.\n\nMr Gilbert says while the error 'isn't a good look', Labor is using the incident to distract the public over its stance on border security.\n\n\n\n
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Labor vows to ‘name and shame’ the big banks | Sky News AustraliaAustralian Financial Review’s John Kehoe says Labor is planning to increase scrutiny over the big four banks in the wake of the Hayne royal commission.\n\nLabor has announced additional accountability measures for the banking sector, with the big four banks being compelled to report to parliament every six months on their progress in addressing the cultural problems revealed in the banking royal commission.\n\nThe opposition will also establish an implementation committee within the Treasury department to ensure the recommendations from the banking royal commission are being carried out.\n\nCommissioner Kenneth Hayne delivered 76 recommendations in his final report, one of which was the abolition of commissions for mortgage brokers and greater oversight powers for regulators.\n\nMr Kehoe told Sky News Labor’s plan to ‘name and shame’ banks will play well with the electorate in the lead up to the federal election.\n\n\n\n
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Labor doubles down on bank reforms | Sky News AustraliaLabor is doubling down on efforts to push through legislation to address the recommendations handed down in the wake of the banking royal commission.\n\nWith only two parliamentary sitting days left this week until the Budget release in April, the Opposition has little time to pass the private members bills that would act on some of Commissioner Hayne's recommendations.\n\nLabor has accused the Coalition of not enacting any of the recommendations, arguing if legislation isn't fast-tracked no action will be taken until after the general election in May.\n\n\n
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