Cabinet minister Steve Ciobo has fired a warning shot at coalition MPs considering breaking ranks with the government to support a banking royal commission.
Three coalition MPs are reportedly threatening to cross the floor to support a renewed push for a royal commission, as Barnaby Joyce's absence from parliament slims the number of votes required.
"The royal commission would do basically next to nothing except see millions and millions of dollars go into lawyers pockets rather than actually bringing about the cultural change that's required," Mr Ciobo told ABC radio on Tuesday.
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Labor frontbencher Matt Thistlethwaite says Australians are crying out for a royal commission into the banks but he doubts the government backbenchers will make good on their threats.
"I don't hold any stock or hope that the individuals that have been making these claims will cross the floor," Mr Thistlethwaite told Sky News.
"They've done this before. When it comes to the crunch, it's a lot of wind and bluster."
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