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Greens will intervene in Lib-Nat spat and nominate for Senate President role

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Australia must take on United Kingdom on their rogue tax havens

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Pressure of impending Bank Royal Commission continues to reap dividends for public

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Solution to Four Corners housing exposé is to regulate propety investments as a financial product

Greens Treasury spokesperson, Senator Peter Whish-Wilson, has reiterated calls for investment property to be treated as a financial product in the wake of the 4 Corners report on the state of the housing market in Australia.

Senator Whish-Wilson said, “Australia’s housing market is a debt-fuelled bubble driven primarily by tax breaks to investors. This is distorting the entire economy, creating enormous financial risk, and pushing the price of housing out of the reach of young people.

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Commbank’s $10 billion profit is a siren song on what is wrong with the Australian economy

Greens Treasury spokesperson, Senator Peter Whish-Wilson, responded today to the Commonwealth Bank’s record profit announcement.

“The announcement of a $10 billion profit by Commonwealth Bank is emblematic of what is wrong with the Australian economy.

“Despite having a record of bad behaviour as long as your arm, CBA is making record profits and paying their executives millions and millions while ordinary Australians watch their wages freeze and the cost of housing spiral out of control.

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The big bucks should stop with Ian Narev and his executives, who could still get a fat $10 million package

Greens Treasury spokesperson, Senator Peter Whish-Wilson, has labelled the decision by the Commbank board to cut just the short-term cash bonus of Ian Narev and his colleagues, while leaving the remainder of their bonuses in-tact as simply 'stunning'.

Senator Whish-Wilson said, “The big bucks should stop with the Commonwealth Bank CEO and senior executives. Not one of them should get a single cent in bonuses, whether those bonuses are in shares or in cash, or whether they relate to this year’s performance or the last four years.

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Commbank bonuses were reportedly tied to roll-out of ATMs at centre of alleged money laundering scandal

Greens spokesperson for Treasury, Senator Peter Whish-Wilson, is calling on the Board of Commonwealth Bank to consider the position of Ian Narev today, and to cancel all senior executive bonuses in their meeting prior to the release of the annual financial results.

Senator Whish-Wilson said, “If the Board of Commbank wants to start to rebuild trust in their organisation they need to make sure that no senior executive with any oversight of this alleged money laundering scandal gets paid one single cent in bonuses this year.

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CBA scandal: Government must relent on Bank RC and CBA must cancel all executive bonuses

Greens Treasury Spokesperson, Senator Peter Whish-Wilson, says that Commbank money laundering scandal shows that the culture in the financial services sector is still suspect and only a Royal Commission or a Parliamentary Commission of Inquiry will return public confidence in this critical sector.

Senator Whish-Wilson said, “The behaviour of Commbank that emerged during the Senate Inquiry into ASIC was what sparked the first call for a Royal Commission. I am sick of being told by overpaid executives that everything is ok in this sector, when it is clearly not.

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HILDA figures show Situation Normal All Fouled Up for young Australians

The Greens Treasury spokesperson, Senator Peter Whish-Wilson, provides the following comments on the release of HILDAs The Household, Income and Labour Dynamics in Australia Survey.

Senator Whish-Wilson said, “These survey findings won’t be a surprise for young people but they should be a wake-up call for the Government.

“These figures are catastrophic. No matter how hard young people are working or how much time they are putting into study, the ability of a young person to own their own home is slipping away.

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Greens caution Government on locking in bank levy rate

Greens Treasury spokesperson, Senator Peter Whish-Wilson, provides the following comments on reports that the Government plans to lock in a six basis point levy into legislation.

Senator Whish-Wilson said, “Locking the levy in at six basis points means potentially locking in a revenue shortfall, money much needed for schools and hospitals in this country.

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