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AMP short on cultural change

Greens Treasury spokesperson, Senator Peter Whish-Wilson, commented on the appointment of David Murray as the new Chair of AMP.

“I'm genuinely surprised at this announcement by AMP.

“If AMP wanted to make an appointment that would drive cultural change, or be seen to be doing so, there will be many people justifiably sceptical on whether David Murray is right for the job.

“David Murray is one the key architects of the sales-driven, profit-before-people culture that was the result of the vertical integration model of the big banks.

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Abbott fails to act on Treasury Secretary's call on housing bubble

Under questioning from the Greens Spokesperson for Finance, Senator Peter Whish-Wilson, the Treasury Secretary John Fraser said that, for Sydney and parts of Melbourne, the housing market was ‘unequivocally’ a bubble.

When Senator Whish-Wilson later questioned the Reserve Bank, Assistant Governor Malcolm Edey added that “…a lot of people do think it’s a bubble – serious people think that – and we agree that this is a situation where the market is strong, it’s overheated, it’s a risky situation…”

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