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“This explains why it tried to bury its release it late on Friday,” Jones said. “Scott Morrison and Josh Frydenberg have rejected the Hayne Royal Commission recommendation to set up a bona fide scheme. “It also excludes court determinations from the scheme, going against Commissioner Hayne’s specific advice in his final report. “Scott Morrison and Josh Frydenberg have missed every deadline they set themselves since they commissioned the Ramsey Review in 2017 to address the broken dispute resolution system for the financial sector.” Jones said the Government had consistently watered-down Commissioner Hayne’s recommendations. “This includes moving to undermine the Commissioner’s very first recommendation, to keep in place responsible lending obligations on banks,” Jones said.

Scott morrisonStephen jonesJosh frydenbergHayne royal commissionRoyal commissionFinancial servicesFederal governmentShadow assistant treasurerShadow ministerCommissioner hayneRamsey reviewஸ்காட் மோரிசன்ஸ்டீபன் ஜோன்ஸ்ஹேன் அரச தரகுஅரச தரகுநிதி சேவைகள்