Bob Katter will open a new battlefront in the war on financial corruption when he introduces the Australian Banks (Government Audit) Bill 2019 in Parliament on Monday 25 November.
Expect stifled fits of rage and gnashing of teeth in the board rooms of the Big Four banks and among the partners of the even bigger four global accounting firms when he does it.
Former Australian Prudential Regulation Authority (APRA) Principal Researcher and Head of Research Dr Wilson Sy, who has also worked in Treasury, issued the following statement in response to the revelation that Treasury made false representations to the government on the $10,000 cash ban law currently before the Senate Economics Legislation Committee.
Following a week of public anger at the news that Treasury secretly dismissed over 3,400 submissions against the cash ban bill as just a “campaign by the Citizens Electoral Council”, Treasury has caved and published thousands of submissions on its website.
The deadline for submissions to the Senate inquiry into the $10,000 cash ban bill is Friday 15 November—11 days away.
We now have clear evidence that the government does not want to deal with thousands of submissions from Australians objecting to this law. So let’s make sure they have to—prioritise making your submission straight away.
