THE NSW Nationals conference at Broken Hill has backed a Royal Commission into banking.
The conference voted in favour of the Women’s Council to support a royal commission into white collar crime that encompasses:
1. The banking system in Australia
2. The tie between industry super funds and the union movement
3. Ponzi schemes
4. Phoenixing
A royal commission into banks has been the subject of much debate federally, with Opposition leader Bill Shorten often critical of Prime Minister Malcolm Turnbull, and often suggesting a reluctance by the Coalition to commit to one.
Today in the State’s Far West Nationals Senator John ‘Wacka’ Williams backed the motion, saying "people don't rob others with a knife or a pistol, these days they rob others with a pen and a pencil".
He gave a tongue-in-cheek comment that “they should perhaps add the ATO into all of this".