Bill Shorten says Australians will suspect a banking royal commission cover-up unless bankers are charged and sent to jail.
Australians will think there has been a cover-up from the royal commission if no bankers get charged or go to jail then, Bill Shorten says.
The federal government has amended its program for the Senate next week to include tougher measures to deal with superannuation industry misconduct, arising from the banking royal commission.
But the Labor leader says the coalition isn't moving fast enough on the commission's recommendations.
"If no-one out of the banks goes to jail, if no one gets prosecuted or charged, I think Australians will say there's been a cover-up," Mr Shorten told reporters in Sydney on Friday.
"We want to make sure the parliament does its bit to restore faith in our banking sector."
An initial draft Senate program did not include a move to ensure superannuation fund trustees could face civil penalties for breaches of their best interests obligations.
But a redrafted program issued on Friday included the bill, and fast-tracked for debate another piece of legislation known as the Protecting Your Superannuation package.
NAB chief executive Andrew Thorburn and chairman Ken Henry on Thursday announced they were quitting their roles after strong criticism from Commissioner Kenneth Hayne.
Treasurer Josh Frydenberg has pledged to tackle a number of reforms before the election, already announcing an independent review of the prudential regulator.
He says the government is taking action on on every recommendation of the inquiry, while also proceeding cautiously with respect to upfront fees for mortgage brokers.