.ClrLindaScott on Labor's push for parliament to sit for longer before the next election: It's not good for the country to have 'a part time parliament.' MORE: pmlive
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cormann coy on banking royal commission report leaks | Sky News AustraliaFULL INTERVIEW: Finance Minister Mathias Cormann has played coy on whether there could be any leaks prior to the release of the banking royal commission report.\n\nMr Cormann says the report will be released after markets close on Monday and argues the timing of the release is an adequate and responsible amount of time and will be handled in an appropriate way given the nature of the report.\n\nThe government says its focus is on protecting the consumer before the economy.\n\n\n\n\n\n\n
Read more »
Banks furious over royal commission lock-out | Sky News AustraliaThe major banks have expressed concern after it was revealed they will not have access to the banking royal commission findings before they are released to the public. \n\nMembers of the media have been invited to attend a three-hour lock-up on Monday to read the report, but members of the banking industry have been restricted. \n\nBanking representatives fear members of their industry could discover they are being pursued for criminal charges through media articles. \n\nThe Opposition has also slammed the government for releasing the report on Monday, three days after it was first handed the findings. \n\n\n\n\n\n
Read more »
Govt receives banking royal commission report | Sky News AustraliaThe federal government has received the royal commission’s final report into financial services after 69 days of hearings. \n\nThe government will hold the report until Monday to assess all the recommendations. \n\nOpposition Leader Bill Shorten has slammed the government over its delay in making the findings public. \n\n\n\n
Read more »
Banking royal commission report a ‘damning indictment’ of govt: Bowen | Sky News AustraliaShadow Treasurer Chris Bowen says the banking royal commission’s final report will be a ‘damning indictment’ of the Coalition government and its senior figures, despite not having seen it himself.\n\nThe government only agreed to the enquiry following significant pressure including those in the banking industry.\n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered.\n\n\n
Read more »
Major reforms expected after Banking Royal Commission | Sky News AustraliaA final report into the Banking Royal Commission will be handed over to the Governor General on Friday ahead of its public release on Monday. \n\nIn response to the findings, Royal Commissioner Kenneth Hayne is expected to make major reforms to the banking, superannuation and financial services sectors. \n\n\n\n\n\n\n
Read more »
Karen Andrews dismisses Labor's banking royal commission as a ‘stunt’ | Sky News AustraliaIndustry Minister Karen Andrews has told Sky News the government isn’t going to be ‘pushed into making rash statements’ in the wake of the banking royal commission. \n\nOn Monday, the commissioner delivered 76 recommendations to improve the banking, super and financial sectors. \n\nAfter the report was released, the Opposition accused the Coalition of ignoring about 14 of the recommendations. \n\nMs Andrews says Labor is ‘trying to start yet another stunt’, arguing the government will need to ‘take time to go through all the recommendations and what the implications are going to be’. \n\nThe government has indicated it will take action on all recommendations. \n\nImage: Twitter \u002F karenandrewsmp\n\n
Read more »
Bank stocks soar in wake of royal commission | Sky News AustraliaSoaring bank stocks have sparked the biggest one day rise in more than two years on the local share market after the release of the final banking royal commission. \n\nInvestors injected $19 billion back into the market after Kenneth Hayne’s report was released on Monday afternoon. \n\nThe surge is understood to be the result of investors’ relief that the final report would not devastate the sector. \n\n\n\n
Read more »
Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
Read more »
Frydenberg struggles to apologise following banking royal commission | Sky News AustraliaFULL INTERVIEW: Treasurer Josh Frydenberg says he ‘absolutely understands the deep hurt felt by people across the community’ at the hands of the banking sector but has struggled to offer an apology. \n\nThe royal commission delivered 76 recommendations to improve the banking super and financial sectors in its report released to the public on Monday. \n\nMr Frydenberg has told Sky News host Laura Jayes some recommendations will be legislated immediately but others will take more time to implement. \n\n\n\n\n\n\n
Read more »
Banking royal commission could spark market chaos: Treasurer | Sky News AustraliaThe Treasurer has warned releasing the findings of the banking royal commission report could spark market chaos if it is released too early.\n\nThe Opposition has accused the government of stalling after it announced it would wait three days before releasing the report.\n\n\n\n\n\n\n
Read more »