Tag: commonwealth

NEWS: Turnbull orders banking royal commission

Overnight, Malcolm Turnbull has seemingly backflipped on his position regarding an inquiry into the financial services sector following the extraordinary step taken by the major banks in requesting the Turnbull government set up a formal inquiry. In a letter from the big four banks, received by Scott Morrison this morning, it was said that it […]

NEWS: ATO Fraud, $165 million defrauded from the Commonwealth

Today, arrests were made in what appears to be the largest white collar crime syndicate in Australia‚Äôs history. Nine people were arrested and charged over the last few days, including deputy Taxation Commissioner Michael Cranston and his son, Michael Cranston. The Australian Federal Police have seized; 25 cars $15 million in accounts 18 residential properties […]