Yep, the Royal Commission’s report will be completed but not fully released because the government will need time to digest it, look at the recommendations and get the election out the way before agreeing that the banks and others have already taken most of them on board, so legislation would just be expensive, unnecessary red-tape. Yep, it was the fault of ASIC for being asleep at the wheel.
So, all in all, if the public were silly enough to fall for the line in the sand argument again… Remember, Tony Abbott’s 2014 pronouncement that, after a few bad weeks, “Good government starts today!” or Turnbull’s suggestion that the government had lost its way but if he took over, it’d be a fresh start? We’re now up to Scott “third time lucky” Morrison telling us that everything’s back on track because he’s having a go. If the public were to buy the idea that things are ok now and re-elect the Coalition, the Royal Commission would have just been an expensive exercise which didn’t lead to any improvements in the financial sector and ScOMO would be proven right.
Although, these links make interesting reading when the Abbott/Turnbull/Morrison/Dutton government try to lay the blame at ASIC’s feet: