Treasurer Josh Frydenberg’s appointment of former Macquarie Bank CEO Nicholas Moore to oversee Australia’s financial regulators proves that Kenneth Hayne must have been able to see the future.
Just 27 financial victims testified at the 2018 banking royal commission, out of more than 10,000 who made submissions. The vast majority of financial victims have had their lives ruined by predatory banks and financial criminals, but have never been compensated.
Australia is struggling with an acute healthcare crisis from decades of under-resourcing public healthcare. Crucially, the COVID-19 pandemic has not caused the crisis, only made it worse, and the pre-existing lack of adequate front-line resources has severely limited options to handle the pandemic. Yet what are governments doing about it?
This week is an opportunity to push the Senate to establish an inquiry that can lay bare the scandalous failings of the corporate regulator, the Australian Securities and Investments Commission (ASIC). One of the worst of ASIC’s scandals is the collapse of Sterling First, which has left 140 elderly pensioners and retirees facing eviction onto the streets.
The Senate Economics References Committee inquiry into Australia’s manufacturing industry is accepting submissions from the public through to its 10 September closing date. This provides an opportunity for citizens to explain to politicians why it’s so important to revive the manufacturing industry from its current state of tragic decline.
