Earlier this week, Labor’s Shadow Treasurer, Chris Bowen, wrote to Treasurer Josh Frydenberg urging him to publicly release the banking royal commission final report as soon at it is handed in to the federal government:
“It is in the national interest for the Australian people and victims of banking scandals to be able to access the Hayne banking royal commission’s final report and form their own views, at the earliest opportunity, and that means on Friday, 1 February.
“I have written to the Treasurer requesting the release of the final report and related documents of the banking royal commission as soon as practicable after it is received by the government.”
“The Liberal Party has no excuses not to release the final report of the Hayne royal commission when they receive it on 1 February.
Today, Frydenberg has indicated that the government may sit on the report:
Treasurer Josh Frydenberg said government will “take into account” its potential market impacts when determining when to release it…
“The government recognises the potential market sensitivity of the final report and will take this into account in considering the timing of its release.”
Nothing dents confidence more than uncertainty. Holding-off from releasing the report will only stoke uncertainty, denting confidence further and exacerbating the bust.
