Labor to raise $160m a year from banks for new 'fairness' fund

Bill Shorten presses on with royal commission response and pushes for pre-election public service briefings

Labor will commit to a new fund, raising $160m from the banks per year, to support measures including 500 new counsellors to help victims of financial services scandals pursue compensation, as part of its response to the Hayne royal commission.

As well as pressing on with its banking response, the Labor leader, Bill Shorten, has told Scott Morrison the opposition intends to begin “exercising its right to seek public service briefings” under guidelines associated with the caretaker conventions.

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from The Guardian https://ift.tt/2NrOeg0
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