Banking royal commission: Labor asks Turnbull for compensation scheme
Labor has demanded the government establish a compensation scheme for victims of banking misconduct, as Turnbull government ministers struggle to deal with the fallout of the royal commission’s revelations after just two weeks of hearings.
In a letter to Malcolm Turnbull, written just hours after the financial services minister, Kelly O’Dwyer, repeatedly refused to acknowledge the government was wrong to delay calling a royal commission Bill Shorten said an extension for the inquiry, an apology and compensation scheme were the “least the government can do”.
Read the full article on The Guardian.
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