The Greens spokesperson for Finance, Senator Peter Whish-Wilson, said, “If the Turnbull Government refuses to act on establishing a Royal Commission into the misconduct in the financial services sector, then I want Parliamentarians to know there is another powerful option for us to pursue.

Greens spokesperson for Consumer Affairs, Competition Policy and Small Business, Senator Peter Whish-Wilson provides the following comments on release of the Murray Financial System Inquiry final recommendations today.

Senator Whish-Wilson said, “The vast number of recommendations contained within the Murray Inquiry to provide better protections to consumers, justifies the strong stance the Greens have taken on the Future of Financial Advice laws (FoFA).

Today in the Senate, the Greens Senator for Consumer Affairs, Competition Policy and Small Business, Senator Peter Whish-Wilson will introduce the Corporations Amendment (Financial Advice) Bill 2014 to provide improved definitions for consumers seeking financial advice.