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Labor threatens police probe if banking report is leaked

Commissioner Kenneth Hayne arrives at Government House in Canberra to deliver his report to the Governor-General.

Commissioner Kenneth Hayne arrives at Government House in Canberra to deliver his report to the Governor-General. Photo: AAP

Labor will demand the Morrison government calls in the police to investigate any leaks this weekend from the banking royal commission’s final report. 

Citing market sensitivity, the government has delayed the public release of the final report for three days.

Commissioner Kenneth Hayne officially handed his report to the government on Friday.

Prime Minister Scott Morrison and Treasurer Josh Frydenberg will spend the weekend considering the findings before releasing it on Monday at 4.15pm, after the sharemarket has ceased trading for the day. 

“Two weeks ago I wrote to Josh Frydenberg asking that the government release the banking royal commission final report at the earliest possible opportunity – and that is obviously this afternoon [Friday] after markets close, or tomorrow,” shadow treasurer Chris Bowen told The New Daily

“One of the reasons I called for this is, because like everything else the Liberal Party has done to do with banking and this royal commission, it has botched it.”

Mr Bowen said the bungled introduction of the bank tax in 2017, which led the market to plunge, was clear evidence the Morrison government could not be trusted to keep market sensitive information secure. 

We saw Scott Morrison badly mishandle the details of the bank tax – it was leaked on budget day while the market was open, seeing shareholders lose billions and billions of dollars in the value of bank shares – and this later saw investigations by the Australian Federal Police and ASIC,” he said.

“That cannot be allowed to happen again.”

Earlier on Friday, Finance Minister Mathias Cormann told Sky News that the government did not intend there to be any leaks of Mr Haynes’ final report.

“We are all aware of the market sensitivity of the report. I am not envisaging any leaks,” he said.

Mr Bowen said if there were leaks, the Treasurer should face the consequences. 

It will be Josh Frydenberg who is responsible for any leaks of this report ahead of the proposed release on Monday afternoon,” he said.

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