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Labor could create banks inquiry

Big 4 banks face criticism over loan rates
Big 4 banks face criticism over loan rates Source: Getty image

Labor believes it has the numbers in the Senate to pass a motion for a royal commission into the behaviour of Australian banks.


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By Euna Cho, Yang J. Joo

Source: SBS



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Labor believes it has the numbers in the Senate to pass a motion for a royal commission into the behaviour of Australian banks.


Labor believes it has the Senate support to force the government to hold a royal commission into banks but would need coalition MPs to cross the floor in the lower house.

 

Opposition consumer affairs spokesman Sam Dastyari is quietly confident, saying there had been a lot of support for the inquiry from Nationals and a few Liberal MPs.

 

"Right now if we were to move a motion through the Australian Senate calling on the government to have a royal commission it would sail through," he told ABC TV on Sunday.

 

"Whether or not it would pass the House of Representatives would really depend on whether any of the conservatives are going to cross the floor."

 


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