So let’s see if I’ve got this straight:
- We needed a Royal Commission into the home insulation scheme. At the end of it, we discovered that there should have been more oversight and that safety standards were lax. The Abbott Government responded by announcing that we had far too much “red tape” and that they wanted to ensure that businesses weren’t held back by too much regulation.
We needed a Royal Commission into union corruption, because union corruption holds back the economy. Examples of union corruption discovered included shutting worksites down when there’s a breach of safety regulations and when union officials pressure firms into paying workers more.
We don’t need a Royal Commission into the banks because we have plenty of oversight through ASIC, APRA and various other acronyms who have managed to ensure that any dodgy behaviour in the banks is stopped in its tracks. A Royal Commission, in this case only, according to Barnaby Joyce: “The great beneficiary of a royal commission would be the solicitors, because they would have this going for a couple of years and at the end they would have done no more than what we already have with ASIC!” The banks aren’t behaving badly, but apparently a Royal Commission could cause a loss of investor confidence, in spite of it finding nothing at all.
The government announced that they were going to try to ensure that Clive Palmer paid his workers their entitlements. Apparently, neither APRA nor ASIC – you know those organisations who keep the banks in line – can be left to compel Clive Palmer to do the right thing. Clive Palmer needs the government to act.
The government tells that the Royal Commission into trade unions shows the need for ABCC – a body they wanted to set up before they even set up the Royal Commission. This wasn’t a waste of money though. It was worse spending millions of dollars to discover that you were right all along and that thanks to the Royal Commission we’ve discovered all sorts of things, like the fact that unions contribute to the Labor Party.
Yep, that’s about it!
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