On Thursday, Bill Shorten was in Western Sydney promising a limited night ‘no-fly zone’ when the planned Badgerys Creek airport comes into operation. Dan Himbrechts/AAP

Grattan on Friday: Who wins the biffo over the banks is politically important because this issue bites

When asked this week whether in retrospect she regretted the government trying to undo Labor’s consumer protections, Assistant Treasurer Kelly O'Dwyer denied it had happened.
Malcolm Turnbull says businesses and governments must better educate and empower employees to use sound practices online. Mick Tsikas/AAP

Turnbull warns of growing cyber aggression

Australian public and private sector organisations and individuals are facing malicious cyber activity that is unprecedented in scale and reach, Malcolm Turnbull warns.
Scott Morrison told a joint news conference with Assistant Treasurer Kelly O'Dwyer that the banks would pay an additional $121 million to increase the resources of ASIC. Lukas Coch/AAP

Morrison warns banks not to pass on new ‘user‑pays’ impost to finance ASIC reform

Scott Morrison has warned the banks not to pass on to customers the $120 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission.
Governor-General Peter Cosgrove addressed both houses of parliament in the Senate chamber. Lukas Coch/AAP

Turnbull looks like a sprinter but is in a marathon

When the politicians arrived in Canberra for their special parliamentary session, it was obvious everyone wanted to do what was necessary for a July 2 election, and do it quickly. Instead of taking weeks…
Opposition Leader Bill Shorten says now is not the right time for corporate tax cuts. Lukas Coch/AAP

Budget company tax cut a hard sell politically

After a GST increase to finance big income tax cuts disappeared as a viable option for the May budget, attention centred on reducing the 30% company tax rate. But, assuming the government goes ahead with…
Opposition leader Bill Shorten says public confidence in the banking sector has taken ‘hit after hit’ in recent years. Tracey Nearmy/AAP

Labor pledges royal commission into bank behaviour

Bill Shorten has promised a Labor government would set up a royal commission into misconduct in the banking and financial services industry.
Prime Minister Malcolm Turnbull attending Westpac’s 199th birthday lunch in Sydney on Wednesday. Dean Lewins/AAP

Banks get a bollocking from Turnbull on ethics

Prime Minister Malcolm Turnbull has given banks a bollocking for unethical behaviour, suggesting they have not repaid the support they received during the global financial crisis.

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