LIBERAL MP Kelly "Dwyer has refused to accept that the federal government should have previously agreed to a probe in Australian banks, despite being shaken by revelations of bank behavior by the Royal Commission.
Ms Dewyer's comments came after a tense conversation with Barrie Cassidy on ABC's Insiders program Sunday where she was asked to defend the government's decision to return from and bank royal commission .
Ms O & # 39; Dwyer described the idea of a royal commission as a talk party five months ago and claimed it would "kick the canal down the road" for a number of years.
Now she admits to be horrified by a number of the problems that
Managers from both the Commonwealth Bank and AMP were questioned by the Royal Commission last week when it was discovered that Australia's largest bank, the Commonwealth Bank, had charged more fees for no service than a
"Was you wrong to delay it for as long as you did? You have not said if you were wrong or entitled to delay it," Cassidy said. "
Dewyer's interview was described as a" train wreck "after the finance minister resolved the issue of the government's decision eight times instead of talking about the coalition's efforts to increase the standards of financial advisors and increase the penalty for default.
For 18 months, the federal government opposed Bill Shorten's proposal to investigate the banks.
"The government has been very lively about the problems in the financial services sector and we have acted from the get-go," she said.
Dewyer: I have answered
Cassidy: No You
Dwyer: I have answered your question.
Cassidy: You have not said if you were wrong or entitled to delay it.
O & # 39; Dwyer: I have said that we have said have a set correct it. We have actually established it.
Cassidy: You have established it, but it took a long time to come. Have you been wrong?
O & # 39; Dwyer: Let me say that to you this way. We would not have done all the other things we would otherwise have done to counter these actions.
Work returned and said that someone is looking at Mrs O'Wecker's performance would conclude that the government is from another planet.
"You've definitely not learned any of the scandalous revelations we've heard in the last little while on the Royal Commission," says party finance spokesman Jim Chalmers to ABC TV.
"They still can not say themselves they were wrong to run a protector against the Royal Commission for such a long time."
Previously, former Deputy Prime Minister, Prime Minister Barnaby Joyce admitted that he was wrong to oppose a royal commission just days before the manager of AMP ceased. The Commission had heard that the wealth manager had lied to regulators and charged customers fees without providing the specified service.
Treasurer Scott Morrison strongly announced new penalties for shonky bankers and corporate criminals on Friday, with people found guilty of financial offense to stay up to 10 years behind bars.
Companies could be fined up to 10 percent of their turnover.
Crossbench Senator Derryn Hinch tweeted his reaction to Minister Owen's refusal to accept the government should have acted before.
The words "we were wrong" apparently not in the Dwyer lexicon. (Barry) Cassidy 100, Minister Nil, he said.
Government front bencher Ken Wyatt said that the minister had made decisions based on the information and evidence she had available at that time.
"But the government has decided and decided to have the royal commission," he told Sky News .
"It certainly has thrown up A number of issues, as I have seen, cashier Scott Morrison make some very strong comments about individuals behavior in the financial sector. "
– Further Reporting of AAP