Morally Bankrupt - Australia’s Banking Crisis - ACTU Australian Unions

Morally Bankrupt - Australia’s Banking Crisis

This year, Malcolm Turnbull caved in to demands for a Bank Royal Commission only after the banks gave him permission to do so.

Thousands of honest Australians have been ripped off by the big banks which are amongst the largest and most powerful corporations in the country. The Australian trade union movement has campaigned to make the banks accountable by calling for a genuine inquiry that focuses on the wrongdoing of the big banks.

Whether Turnbull’s Royal Commission delivers justice to bank customers now remains to be seen. 

To properly respond to the public’s justified concerns the Royal Commission must focus on the systemic failings of the banks and the executive culture which allowed them. 

Victims of insurance scams, dodgy lending and fee rip-offs need to be heard and bank executives need to be held to account for their actions.

The Royal Commission should not be diverted from these important issues to become a witch-hunt into industry super and trade unions.

This document details just a few ways the banks have ripped off working Australians and engaged in unconscionable behaviour to line their pockets.

If you or someone you know has been ripped off by a bank fill in the form below and let us know, so we can make sure your voice is heard during the Royal Commission.

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