Two federal independent MPs want greater scrutiny of the banks, a hot topic coming after last week's independent mortgage rate changes.
Federal politicians return to Canberra on Monday for the final sitting week before the May 9 budget.
Proceedings will kick off with Tasmanian MP Andrew Wilkie introducing a private members bill seeking a banking sector code of conduct, while Queensland MP Bob Katter wants a commission of inquiry into the industry.
Both bills were flagged well before Friday's decisions by the ANZ and Commonwealth Bank to raise their mortgage rates.
It followed similar moves by National Australia Bank and Westpac a week earlier independent of the Reserve Bank, which has left the record-low cash rate unchanged since August last year.
The federal government's $50 billion, 10-year plan to reduce the company tax rate to 25 per cent is also set to be voted on in the lower house where the coalition has a slim majority.
However, the Senate, where the government needs to rely on other parties to get legislation passed, looks like only supporting a reduction to 27.5 per cent for businesses with at turnover of less than $10 million.
The company tax rate presently sits at 30 per cent, apart from businesses with a turnover of less than $2 million which pay 28.5 per cent.
A new opinion poll shows support for the company tax change, particularly from coalition voters.
According to the Fairfax/Ipsos poll published on Monday, 44 per cent of voters back a cut to the tax rate to 25 per cent, while 39 per cent oppose the idea.
Share
