Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/52168
Title: Is Greed Ever Good?: Royal Commission's Impact on Agriculture Loans in Australia
Contributor(s): Adams, Michael A  (author)orcid 
Publication Date: 2019-04-29
Open Access: Yes
DOI: 10.32474/CIACR.2019.06.000243
Handle Link: https://hdl.handle.net/1959.11/52168
Open Access Link: https://lupinepublishers.com/agriculture-journal/fulltext/is-greed-ever-good-royal-commissions-impact-on-agriculture.ID.000243.php
Abstract: 

In 2013, the media broke a scandal about the Commonwealth Bank of Australia (CBA) financial planning arm having corrupt practices. This led to a Senate Inquiry and by July 2014 there were loud calls for a royal commission. The next few years saw the momentum peak with CBA again being caught by AUSTRAC (the agency for anti-money laundering and terrorism financing) with 54,000 breaches of the law by way of their intelligent ATM network. Former High Court Justice, Kenneth Hayne, was appointed by the Governor General to conduct the Royal Commission in the Misconduct of Banking, Superannuation and Financial Services Industry, through 2018 and report by 1st February 2019. Public interest in the Banking Royal Commission (BRC) has been extraordinary, with over 10,000 public submissions, 30 background academic papers on the various issues, 20,000 exhibits at public hearings and over 4.5 million page views of the BRC website. The four major banks plus Macquarie Bank, make up half of the top ten ASX listed companies, with a combined market capital of over $400 billion. Most superannuation funds are invested in the top 50 ASX companies and the majority of home mortgages and business loans are via the four main banks.

Publication Type: Journal Article
Source of Publication: Current Investigations in Agriculture and Current Research, 6(4), p. 843-844
Publisher: Lupine Publishers LLC
Place of Publication: United States of America
ISSN: 2637-4676
Fields of Research (FoR) 2020: 480103 Corporations and associations law
Socio-Economic Objective (SEO) 2020: 230405 Law reform
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
School of Law

Files in This Item:
3 files
File Description SizeFormat 
openpublished/IsGreed2019JournalArticle.pdfPublished version246.96 kBAdobe PDF
Download Adobe
View/Open
Show full item record

Page view(s)

1,192
checked on Feb 4, 2024

Download(s)

24
checked on Feb 4, 2024
Google Media

Google ScholarTM

Check

Altmetric


This item is licensed under a Creative Commons License Creative Commons