The Morrison government is set to pull the website of Commissioner Kenneth Hayne’s 2018 inquiry into misconduct across the financial services industry even though many of his recommendations are not yet implemented.
A notice was posted on the site in the last week to announce that the web address would be decommissioned before the end of January with an “historical record” to be made available at the National Library of Australia’s web archive.
The symbolism of the royal commission site being shut down before implementation of many of Commissioner Hayne’s recommendations was noted yesterday by banking and financial advice victims who fought tirelessly over many years against federal government attempts to stave off the inquiry.
“The taking down of the site is symbolic of the government’s lack of commitment to reforming the system,” said financial advice victim and activist, Naomi Halpern.
“Many politicians at the time the royal commission was announced by the Turnbull Government insisted it would be a complete waste of time and that its recommendations would only gather dust on the shelf.”
When the royal commission was announced in November 2017, former Prime Minister Malcolm Turnbull and his Treasurer Scott Morrison described it as a “regrettable but necessary action” to restore public faith in the financial services system.