{"id":20609,"date":"2023-03-08T17:50:49","date_gmt":"2023-03-08T17:50:49","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=20609"},"modified":"2023-03-08T17:50:49","modified_gmt":"2023-03-08T17:50:49","slug":"bankers-donate-their-way-out-of-fines","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2023\/03\/08\/bankers-donate-their-way-out-of-fines\/","title":{"rendered":"BANKERS DONATE THEIR WAY OUT OF FINES"},"content":{"rendered":"\n<p>The Government\u2019s decision to drop provisions for million dollar fines for bankers who cheat their customers shows the major banks have bought a political outcome through donations to the Labor Party, the Greens say.<\/p>\n\n\n\n<p>\u201cLabor is trying to create a financial accountability regime that does not hold bankers accountable,\u201d Greens Economic Justice spokesperson Senator Nick McKim said.<\/p>\n\n\n\n<p>\u201cThis is contrary to the agreement they struck with the Greens, and it shows that the banks have bought an outcome with $400,000 in donations to the Labor Party in the lead up to the 2022 election.\u201d<\/p>\n\n\n\n<p>\u201cClearly Labor cares more about donations than they do about integrity.\u201d<\/p>\n\n\n\n<p>\u201cLate last year, Minister Jones used the fig leaf of small mutuals and customer owned banks as an excuse for reneging on their deal.\u201d<\/p>\n\n\n\n<p>\u201cBut now we learned that was just more nonsense and they have no intention to fine any bankers at all.\u201d<\/p>\n\n\n\n<p>\u201cThe Greens will be moving amendments in the House and the Senate to include civil penalties of up to $1.1 million for executives who breach their accountability obligations.\u201d<\/p>\n\n\n\n<p><br>Donations to the ALP in the 2021-22 Financial Year:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Westpac: $115,000<\/li><li>ANZ:$ 50,000<\/li><li>CBA:$ 80,400<\/li><li>NAB:$ 60,500<\/li><li>Macquarie: $96,000<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Government\u2019s decision to drop provisions for million dollar fines for bankers who cheat their customers shows the major banks have bought a political outcome through donations to the Labor Party, the Greens say. \u201cLabor is trying to create a financial accountability regime that does not hold bankers accountable,\u201d Greens Economic Justice spokesperson Senator Nick &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2023\/03\/08\/bankers-donate-their-way-out-of-fines\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BANKERS DONATE THEIR WAY OUT OF FINES&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-20609","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/20609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=20609"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/20609\/revisions"}],"predecessor-version":[{"id":20611,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/20609\/revisions\/20611"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=20609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=20609"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=20609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}