Morgan Poll, the ABCC and banking industry regulation

Original article by Gary Morgan, Roy Morgan Research
Morgan Poll Update – Page: Online : 18-Apr-16

Despite Prime Minister Malcolm Turnbull receiving good publicity surrounding last week’s visit to China, today’s Morgan Poll shows the L-NP 50% (down 2.5%) dead-locked with the ALP 50% (up 2.5%) on a two-party preferred basis after Opposition Leader Bill Shorten called for a Royal Commission into the Banking & Finance industry – an idea which found widespread public support. The next three weeks leading into the Federal Budget will play an important role in determining whether the Turnbull Government can show leadership and live up to its image as the better economic managers. Malcolm Turnbull needs to convince Australian electors on "why" the construction industry needs to be subjected to additional regulation and the ABCC legislation must be passed; and why the banks are already sufficiently controlled by Government regulation (APRA, ASIC and the RBA). If not the ALP will continue to undermine the Government’s narrative and present itself as a credible Government in waiting.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, RESERVE BANK OF AUSTRALIA

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