Greens Treasury spokesperson, Senator Peter Whish-Wilson, commented today on suspicions of insider trading on the morning of Monday 4 February 2019 based on a leak of the final report of the Hayne Royal Commission.
Today’s disappointing final report into the banking and financial services industry will slow, but not end decades of money grabbing and unethical conduct, the Australian Greens have said today.
“The enthusiasm from the Liberal and Labor parties to accept these recommendations tells you all you need to know. The financial services industry is one of the biggest donors to both old parties, and they will all be laughing all the way to the bank tonight,” Leader of the Australian Greens Senator Richard Di Natale said.
Greens Treasury spokesperson, Senator Peter Whish-Wilson, says the Productivity Commission Report into the superannuation industry proves once and for all what the Greens have been saying for years – the super system is rigged in the interests of wealthy trustees and fund managers and needs a major overhaul.
There were 15 Senate sitting weeks and 4 weeks of Senate Estimates in parliament in 2018. During the year the Greens have initiated some important Senate Inquiries and participated in many others. The Greens-initiated waste and recycling inquiry report was tabled in June 2018. I made five adjournment speeches, delivered 98 speeches on bills, moved 24 motions (12 of which passed successfully), delivered five Matters of Public Importance speeches and asked 13 questions without notice during Question Time.
Greens Treasury spokesperson, Senator Peter Whish-Wilson, provides the following comments alongside the release of the Greens submission in response to the Hayne Royal Commission Interim Report.
Senator Whish-Wilson said, “It’s time to move on from bank-bashing rhetoric to bank-changing policies. If we all agree the system is broken then it’s incumbent on us all to put forward policies to fix the system. We can’t just rely upon political jawboning the banks to make them act properly, it’s going to take serious legislative reform.