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.
"The super system has been operating for years in the best interests of the wealthy trustees and fund managers overseeing it and not in the interests of everyday Australians. Banks simply are not fit to be super trustees," Whish-Wilson said.
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.
Greens Treasury spokesperson Senator Peter Whish-Wilson and Leader Dr Richard Di Natale have this afternoon welcomed the release of the interim report of the Banking and Financial Services Royal Commission, saying we must now undertake serious reform to clean up the endless greed in the sector.
“Scott Morrison famously said when announcing this Royal Commission that it would not be ‘capitalism on trial’, but it’s now clear that’s exactly what it is, certainly it’s the worst excesses of capitalism on trial,” Senator Whish-Wilson said.
Greens Treasury spokesperson, Senator Peter Whish-Wilson, last night, delivered an adjournment speech on why the GFC is still with us and how the hangover of Keating-era deregulation of the financial system has left us exposed to more crises.
Greens Treasury Spokesperson, Senator Peter Whish-Wilson, comments on the new Prime Minister's appointment of Stuart Robert MP as Assistant Treasurer with responsibility for financial services who has claimed financial scandals are ‘inevitable'.
Senator Whish-Wilson said, “After these comments, I wouldn’t even want Stuart Robert to be the junior minister who puts his name to media releases about the latest edition of commemorative coins, let alone put him anywhere near the oversight of the financial system.
Leader of the Australian Greens Dr Richard Di Natale and Treasury Spokesperson Sen. Peter Whish-Wilson today unveiled a proposal for a sweeping overhaul of our banking and financial services sector, as well as the regulatory and governance system underpinning it. Simply put: it's time to break up the banks.
Greens Treasury spokesperson, Senator Peter Whish-Wilson, welcomes the passage of Labor’s private Member’s Bill to lower the tax transparency threshold and is pleased to note that the Senate accepted the two Greens-proposed amendments.