Original article by Sarah Martin, David Crowe
The Australian – Page: 1 & 4 : 16-Aug-16

There is a growing push among Federal Government MPs for action to crack down on the banking sector, which is enjoying massive profits and paying its top executives huge salaries. Liberal MP Warren Entsch favours the establishment of a tribunal to assist the victims of what he calls the "bastard acts" of banks. Entsch says this would be preferable to holding a royal commission into the sector. Fellow Liberal MP Craig Kelly has proposed the introduction of laws prohibiting banks from charging late fees on credit card payments.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, HIGH COURT OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS, FINANCE AND PUBLIC ADMINISTRATION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIA. OFFICE OF THE AUSTRALIAN SMALL BUSINESS AND FAMILY ENTERPRISE OMBUDSMAN