Bill
Banking Commission of Inquiry Bill 2016
lapsed, as at 2017-03-28. (s) KATTER, Bob, Jnr, MP portfolio.
- Sponsor
- Bob Katter
- Portfolio
- (s) KATTER, Bob, Jnr, MP
Recorded stages
- introduced — 2016-10-10
- second reading — 2016-10-10
- other — 2017-03-28
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2016-10-10.
This bill would create a Banking Commission of Inquiry with the same powers as a Royal Commission.
A Treasurer-appointed Commissioner would investigate practices of authorised deposit-taking institutions (ADIs) such as not passing on full cash rate cuts, excessive mortgage margins, and lending that borrowers cannot service.
The Commission could also examine remuneration cultures, non-recourse lending, mortgage insurance regulation, and establishing a tribunal to oversee ADI behaviour and provide legal aid.
- Establishes a Banking Commission of Inquiry with Royal Commission powers.
- Empowers a Commissioner appointed by the Treasurer to investigate specified ADI and lending practices.
- May lead to a tribunal with oversight and legal aid functions.
Authorised deposit-taking institutions (ADIs), their directors, managers, staff, and borrowers.
Sources
em
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