Published: August 21, 2018
Banking reform campaigner John Williams blames Labor and Greens for not supporting legislation, but urges PM to try again
Nationals senator John Williams has urged the Turnbull government to push ahead with legislation that will see superannuation trustees face up to five years in prison for stealing workers’ super savings.
Williams, one of the earliest backers of the banking royal commission, told the Coalition partyroom on Tuesday that super trustees must face civil and criminal penalties of up to $420,000 and five years’ jail respectively for failing to act in the best interest of their members.
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