No Surprise to BFCSA Members. Bankers fight back fearing the dreaded ROYAL
COMMISSION. The recent Rally at APH was purely a One Nation stunt. Snoodling up
to Malcolm will mean a definite NO to RC every time. MT's basic weapon of fear:
"the RC will take years." WRONG: RC will happen and the push will intensify within
two years. BFCSA are on the right track to achieving the RC and our members are
dedicated 2000 people gathering momentum to make that happen. Within 3 years I
intend to sit FRONT ROW.
Carry On Up the Culleton thinks he has this "in the bag!" Yes another Inquiry????
People are sick of all these past 19 lunatic Inquiries. That's the BIG Issue!
Banks and their sub supporters can squirm some more
and all on the road to the BIG RC. Bring It On say Aggrieved Consumers!!!!!
Culleton, Turnbull discuss bank inquiry
Paul Osborne, AAP Senior Political Writer, Australian Associated Press
November 25, 2016 2:54pm
One Nation senator Rod Culleton has come away from a meeting with Malcolm Turnbull confident there will be an inquiry into the banks.
Senator Culleton met with the prime minister in Canberra on Friday where he presented his evidence behind the need for a royal commission into alleged misconduct by banks.
"I cannot at this stage see him not acting on that evidence," Senator Culleton told reporters.
Senator Culleton said the prime minister had told him he was concerned a royal commission would "drag out for years".
The West Australian senator had responded that the prime minister can "call it whatever he likes", hinting that he would accept an inquiry with similar powers to royal commission.
Mr Turnbull has previously rejected Labor calls for a royal commission into the banks.
"I'll be working with him very closely now, and his staff, to get a result," Senator Culleton said. "The ball is in Malcolm's court."
The former WA businessman wants a six-month probe into better customer protections, bank compliance with international standards, a redress scheme for victims of banking misconduct and the effectiveness of regulators.
Addressing the alleged misconduct of banks, especially in relation to farmers, was a key issue in his election campaign.
The government will release within the next fortnight an interim report of its own independent review into better ways to resolve bank customer complaints.
Mr Turnbull has promised a one-stop shop to replace the current complex system of consumer complaint tribunals and commissions.
But a spokesman for the prime minister said on Friday there would not be a banking royal commission.
Originally published as Culleton, Turnbull discuss bank