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New RBA revelations means Treasurer must act

Media Release
Adam Bandt 11 Sep 2012

Greens Deputy Leader Adam Bandt MP says new revelations in the Reserve Bank bribery scandal mean the Treasurer must establish a full judicial inquiry into the affair.

Mr Bandt says allegations, aired on 730, that current Assistant RBA Governor Frank Campbell was aware of payments to a Malaysian arms dealer after he had been sacked by a Reserve Bank subsidiary further reinforce the need for an inquiry.

Mr Bandt has written to the Treasurer requesting an inquiry and has a motion before the House of Representatives for the establishment of a Royal Commission.

"The silence of the Treasurer in the face of these new serious allegations must end. The Treasurer must act", Mr Bandt said.

"Labor must stop hiding from the mounting evidence. If the Liberals can support further inquiry into this matter, why can't Labor?"

"The growing cloud over the Reserve Bank and its governance will not clear until a full inquiry is conducted."

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