Via Domainfax:
A Coalition backbench plan for a new banking tribunal appears to have been dropped by the Turnbull government, after an expert review found it was not needed.
In October, Prime Minister Malcolm Turnbull said the government was preparing to set up a low-cost tribunal for victims of poor practices by Australia’s biggest banks, amid pressure from Labor for a royal commission, and calls by Queensland Liberal MP Warren Entsch and Nationals senator John “Wacka” Williams for a new consumer-focused tribunal.
