Federal Government does u-turn on banking royal commission

Australian Prime Minister Malcolm Turnbull speaks during a press conference at Parliament House in Canberra, Thursday, November 30, 2017. (AAP Image/Lukas Coch) NO ARCHIVING

Australian Prime Minister Malcolm Turnbull speaks during a press conference at Parliament House in Canberra, Thursday, November 30, 2017. Source: AAP

For almost two years, the federal government fought off demands for a royal commission into the financial sector, that fight ended in a spectacular back-down.



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