News

Page MP grills big four banks

Kevin Hogan MP for Page.
Kevin Hogan MP for Page.

AN independent tribunal is being considered to better support banking customers following Federal Parliament's Economics Committee into the function of the big four banks this week in Canberra.

Page MP, Kevin Hogan, in his capacity as a committee member, is advocating for the establishment of the new tribunal.

It comes after Mr Hogan and nine other members from the House of Representatives on the committee grilled the CEOs of the nation's big four banks - The Commonwealth Bank, National Australia Bank, ANZ and Westpac, about their consumer management practices.

Based on the cross-examinations, Mr Hogan called out consumer support bodies like the Ombudsman as inadequate for redressing consumer issues with banks.

He said creating a tribunal would be 'a great new way customers can seek redress'.

Mr Hogan also highlighted the CEOs would appear before the committee annually at least once.

The proceedings marked the first time in Australian history that chief executives of the four Big Banks had been called before the committee.

Throughout the proceedings, Mr Hogan said he quizzed the CEOs over the potential misuse of the big bank's market power and if banks promoted responsible product sales as well as whether bank staff received incentives to sell bank products rather than provide customers with sound, independent financial service.

As a trained economist, Mr Hogan said he put his hand up for a place on the committee. Local issues in his electorate regarding the practices of the big four banks also compelled the Page MP to join the committee.

Topics:  auspol banking big four banks customer service economics commitee page



NSW lightly loosens liquor, lockout laws

Critics say the relaxed lockout laws are still too stringent to promote a thriving night life.

Bottle shops will be allowed to stay open until 11pm

Spotify Summer Tour pops into Valley

The Spotify Summer Tour truck is heading for the Clarence Valley this weekend!

Swedish online music streaming service comes to town bearing gifts

Harwood surprise packets in LCCA Team of the Week

Harwood batsman Carly Leeson and Dane Mitchell during the LCCA match between United and Harwood at Yamba Oval on Saturday, 3rd December, 2016.

Some mainstays as well as a few surprises in inaugural best XI

Local Partners

Spotify Summer Tour pops into Valley

YOU'LL have the chance to win some summer party essentials when the Spotify Summer Tour rolls into town this weekend.


Kernaghan's a 'boy from the bush' with a timeless quality

Country music singer Lee Kernaghan.

Lee Kernaghan is celebrating the 25th year of his breakthrough song.

Ready to rumble: Boxing makes long-awaited return to Grafton

DETERMINED: Grafton Amateur Boxing Club members Zac Cotten (Cruiserweight), James Morrison (Jnr Featherweight), Eddie Debono (Super Heavyweight), Rhys Walters (Light Heavyweight), Joseph Pigg (Jnr Welterweight), Jamie Mansfield (Cruiserweight) are prearing for upcoming fight night in Grafton.

Five North Coast title belts up for grabs

Cyclist's 24 hours of pain for mental health

International endurance mountain-bike rider Morgan Pilley is used to pushing through the elements, but this weekend he'll push on to raise money for local mental health services in a charity ride at Junction Hill.

Ride For Youth to raise money for local youth mental health services

How predictable are your Netflix habits?

Stranger Things is taking the world by storm as a new-age nostalgic Sci-Fi Thriller

The new entertainment binging pattern

Kanye West is on the mend now he's back from hospital

Kanye West is more relaxed since returning home from hospital

WATCH: The young Aussie actor playing Barack Obama

A screenshot of the trailer for Barry, a new film from Netflix.

Aussie teen nails Obama's early university years

Boy George named as a coach on The Voice Australia

Iconic pop star Boy George is to appear as a coach on 'The Voice'

The first Baywatch trailer is here, and it's hilarious

From left, Jon Bass, Alex Daddario, Zac Efron, Dwayne Johnson, Kelly Rohrbach, and Ilfenesh Hadera in a scene from the movie Baywatch.

DWAYNE Johnson and Zac Efron star in TV series reboot.

Sir Mick Jagger a dad again at 73

Mick Jagger... dad again at 73

Ageing rocker obviously still getting Satisfaction

Give a little more this Christmas

TIME TO GIVE: Lee Johns, Courtney Smith and Daniel Kelly of Ray White Yamba promote their Little Ray Of Giving Christmas gift appeal.

Call out for presents, big or small

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Banks reclaim Gladstone homes as job losses bite

LONG FALL: Property experts Heron Todd say, based on key market indicators, Gladstone is still travelling to the bottom of the market, with property prices set to get cheaper.

Property valuers say Gladstone housing market hasn't hit the bottom

Ready to SELL your property?

Post Your Ad Here!