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Press Releases

Press releases are issued from time to time to alert the media and the public about breaking news and stories from Bank Reform Now.

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Stand - Unite - Make It Right. The Launch

Election 2019 is our chance to show we are not falling for the two party run around again. Both major parties serve the elite. Both parties have had decades to make a big difference in bringing about a fair go for most of us. Right now most of us are sick of the games, lies and systemic corruption that infests two party politics here and in other nations.

Politicians who are stuck in the old ways of – vote buying – tax & spend sleight of hand manipulations – phony policies & promises – corrupt deal making with corporate donors – us versus them divisive politics – are just tinkering around the edges. Real reform requires bold, innovative and new thinking. That is what BRN's SUMIR program offers.

Send out the clowns
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Hayne Covers Up More Than He Reveals

Commissioner Hayne took on a role that deliberately limited his chances of successfully exposing the serious misconduct and crimes bankers are engaging in and profiting from. While there are some good suggestions for reforms in his report - he is really tinkering around the edges. While many in the media are keen to analyse what he has come up with - the real story is what he didn't look at.

Here we present some opinions re: his work but we also are keen to consider the areas that were not properly investigated ... or ignored. There is more work to do if Australians want a finance system that exists to serve their interests. That is a very different beast to the one that Hayne has been investigating.

Banking Royal Commission Hayne Exposed
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Emperors Stripped By RC's Rowena Orr

BRN and the merry bank warriors came to Sydney for Round 7 of the Hayne Banking Royal Commission. CBA, Westpac and ASIC were in the dock. QC Rowena Orr stripped the Emperors of finance bare. It was painful. How do these characters even think they deserve to be paid multi million dollar salaries?

Scandals, incompetence, chicanery, greed, deception all laid out forensically by the brilliant Counsel Assisting Rowena Orr. There is a cancer in our finance sector and it is killing our country. We need people like Ms Orr to cut it out. We cannot be free until the disease is cured. The Royal Commission needs to be longer and stronger. There are other players in the sector - including ex-CEOs - that require Ms Orr's healing touch and attention.

Rowena Orr - Banking Royal Commission
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Pollies Just Lying For Your Vote

Do you think this time it will be different? How can we be sure that Scott Morrison and Bill Shorten are lying for your vote? Past performance is a good guide. BRN feels the only way to change things is to push independents and minor parties to support good policy. This will put important issues on the agenda. Once this attracts media attention the candidates in the major parties will realise their seats are at risk - there are no safe seats now. They and their parties too will then have to look at new ideas and policies. Voters are crying out for something different. The LNP and ALP will be struggling for a 30% primary vote. Voters have their boots and baseball bats ready. Election 2019 is our big chance for big opportunities.

Who do you trust? - the Easter Bunny!
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Step 1 - SUMIR - Sovereign Wealth Fund

Many nations have a Sovereign Wealth Fund. There is no reason Australia can't have one which serves the nation's interests. Here we describe how it would look and how it would be funded. Including the repatriation of wealth stolen from the people by criminals aided and abetted by corrupt politicians. The problems allowing the theft to occur are systemic & structural and therefore so are the solutions.

The goose was stolen
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Step 2 - SUMIR - Sovereign Monetary System

Australia used to have a national bank - the Commonwealth Bank. It was the people's bank designed to serve the nation's interests. It was stolen ... and it was an inside job. People are beginning to realise that having a criminal cartel controlling money and politics might  not be such a good idea. Time for a dose of structural reform before it's too late. It's not just money at risk - it's freedom and lives.

Sovereign Money Makes You Happy
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Journalism Versus the Big Banks

Adele Ferguson is one of the champions of the bank warriors. Without her gutsy investigative journalism it is quite likely that there would not have been a Royal Commission into banking. Bank Warriors support her call for a new  Royal Commission into APRA and ASIC.

Adele calls for RC into ASIC and APRA
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Bank Warrior Delivers Truth To Power

The Australian Legal and Constitutional Affairs References Committee headed by Senator Louise Pratt officially gave bank victims ten days to respond to their current inquiry - Resolution of disputes with financial service providers within the justice system. On Thursday the 21st of March they had a public hearing.

Plenty of insiders usually congregate at these events - lawyers, industry bodies etc. Here we saw the Australian Bankers Association and AFCA featured and giving responses ..... but one man representing bank victims was somehow allowed to present. Bank warrior Selwyn Krepp had something to say and it was much more than the Senators were expecting.

Mr Krepp has detailed to CBA various breaches of the Corporations Act, the NCCP and the Code of Banking Practice, plus the failure of their code of conduct.  This is a horror story that also was in large part responsible for the suicide of the Krepp's lawyer.

CBA has consistently and persistently refused to apologise and remediate Mr Krepp. The Senate must be wondering how CBA's CEO Matt Comyn sleeps at night when his bank can treat a customer in the way the Krepps have and are being treated.

CBA Bank Warriors - Selwyn Krepp
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CBA Was Not A Fair Legal Player

When asked at the 8.3.19 House Economics Committee CEO Grilling whether CBA had been a Model Litigant CEO Matt Comyn replies "No." This is significant for people that were subjected to unconscionable legal machinations by the bank's lawyers. Cases such as those of Dr Robert Cooke, Tony Rigg and Rory O'brien are now able to be looked at freshly .... and Mr Comyn promised he would. We welcome his commitment.

The old case routine is finished
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Bank Separation Now On The Agenda

Bankers thought they were off the hook with the handicapped Royal Commission but the Hayne inquiry revealed just enough for most informed people and journalists to realise that what wasn't exposed was more important than what was. The finance system is structured to fleece the population. CEC's Robert Barwick understands this very well. In an exclusive editorial for BRN he explains exactly why the banks must be broken up - vertically and horizontally. The Senate has been given the Banking System Reform (Separation of Banks) Bill 2019. Robert also shows how you can make a submission to support it ..... please do.

Break Up The Banks - Australian banking
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Access To Justice Emergency

URGENT...!! - The government is limiting time to respond to one of the most important inquiries to date - regarding: The Resolution of disputes with financial service providers within the justice system. You only have till the 1st of March - 10 Days!!!! ... from now...!!!

Bankers and Pollies Unite - Against You..!!
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Yellow Vests In Australia

Bank Reform Now CEO launches Yellow Vest Sydney gathering with powerful speech that spills the beans that the elite and their pollies don't want you to know about. The Yellow Vest movement's first Australian rallies began on Saturday the 19th of January 2019. While we have been inspired by the French movement Aussies are doing it their way. Peaceful gatherings to show the government we are sick of business as usual. For decades both major parties have worked against the people's interests. Just like BRN, the Yellow Vests want to bring power back to the people. They want to stop the elite controlling governments in order to facilitate their continuous fleecing of the people and country. Citizen Initiated Referendum is the only official policy they are pushing for.

This is the speech given by BRN CEO Dr B at the Sydney rally at Martin Place. He was asked by organisers to speak and of course he was happy to help ..... thanks to the sensible agreement that had been negotiated making Yellow Vest events family friendly and peaceful.

Yellow Vests Launch in Sydney
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Yellow Vest Peaceful Protests Coming Soon

France started it - and now the Yellow Vest movement is launching in Australia. Various Aussie groups have decided to work together peacefully to bring to Australia the one key goal of the Yellow Vests - Citizen Initiated Referendum. The key to bringing the power of democracy back to the people. If it's good enough for the Swiss it's good enough for all of us.

Aussie Yelow Vest Launch 19.01.19
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Banks Hide Genuine Remediation Formula

The old bank routine of Deny - Delay - Deceive no longer works. It has been flattened by Evidence - Logic - Facts - according to Bank Reform Now CEO Dr Peter Brandson. Now bankers accept remediation payments are to be paid but many want to diddle victims once again. BRN reveals today the formula for remediation that the banks don't want you to know about. Study it and spread it around. Proper remediation puts a bank client into the position they would be enjoying if the crime had not been committed.

The bank warriors are on the march. Australian politicians and bankers that don't wake up and see that the world has changed will be toasted, roasted and ousted. Corruption and finance sector rip offs are now front of mind for voters.

Bank Corruption, Lies & Fraud
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Marginal Seat Candidates Must Step Up

People power ramps up to save our democracy and country. For too long both major parties have allowed the finance sector to engage in misconduct and crime. The 2019 election is our best chance to change banking and politics. We encourage you to only vote for candidates that support good policy. The first test? We want all politicians to support a longer and stronger Banking Royal Commission. Commissioner Hayne has ignored too much of the most serious abuses. Now we will make sure Scott Morrison supports us by getting the LNP marginal seat candidates on side. Here's how we can all do it.

Can it get worse for Morrison
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BRN In The Media

Collection of articles, stories and multi-media presentations about Bank Reform Now.

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Jeff Kennett Dumped By NAB Victims

NAB "experiment" fails as bank's victims pull the pin on ex-Victorian Premier Jeff Kennett's role as a mediator. NAB CEO Andrew Thorburn thought it was a good idea at the time. Victims had their doubts but gave the process the benefit of the doubt. Before the Kennett determinations were made the nature of the negotiations had become clear. In a near unanimous decision the victims chose to revert back to dealing directly with NAB executives who have a much better understanding regarding the deep - inner workings of their bank. A great review of the situation from champion journalist Joyce Moullakis  - The Australian.

Kennett fails NAB remediation
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Two Heads Down At NAB

Bank chairman resigns, along with chief executive Andrew Thorburn, after heavy criticism in the royal commission report .. and The Guardians international readership has been informed. Great work from Paul Karp.

NAB bank Ken Henry & Andrew Thorburn Sacked.
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Royal Commission Has Much More To Do

Victims of misconduct say the royal commission has only just begun the work of exposing problems in the financial system. The Guardian's Martin Farrer and Gareth Hutchens look at why the Hayne Royal Commission just hasn't done the job required. They interview several advocates for reform including BRN's Dr B. Also - available to download the BRN 10 Reasons The RC Needs turbocharging.

RC Must Be Stronger
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Banking News

Find the latest news and stories about banks caught out in illegal and corrupt activity from around the world.

News / Article Summary Go To Article

Hayne Hamstrung From The Start

Nationals MP Barry O’Sullivan triggered the Royal Commission being called by Turnbull and Morrison but no politician was responsible. Bank reform was on the agenda thanks to brave whistleblowers and gutsy journalists like Jeff Morris and Adele Ferguson. Victims of bank misconduct and activists worked on the push to reform using everything they had. Social media, mainstream media and political contacts were worked tirelessly. The bankers saw what was coming and decided to put their inquiry up with their terms and their commissioner by using their Prime Minister and their Treasurer. Even though the Royal Commission was hobbled from the start it did serve a purpose... and everyone very well knows it covered up more than it exposed. This is an excerpt from Michael Roddan's book The People vs The Banks. The battle is still being waged and the people will win the war.

The RC we had to have
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Senate Inquiry Misses The Point

The Hayne RC and the Senate Access To Justice inquiry have dropped the ball. The only way banks can engage with clients in the heavy handed, deceptive, unconscionable and often criminal way that they do is thanks to a "justice" system that enables and allows them to get away with serious abuses. Any other business or individual that treated clients in the way the banks regularly do would see perpetrators fined and jailed. Yes - the abuses we have researched are that serious. Politicians and multiple inquires have been informed. So clearly the other protection required by banks is political. Therefore until people take political action to reform the system nothing will be achieved. Election 2019 is the time to take action.

Here we look at the weak recommendations from the Senate Access to Justice inquiry with contributions from the BRN Advisory Panel.

Missed opportunity
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Whistleblower Drops Bombshell On Senate

Jeff Morris is blowing the whistle even harder now. The Senate has been informed and anyone who reads Jeff's submission to the Access To Justice Inquiry will learn the truth about the way banks operate. Bank can no longer deny the bleeding obvious. BRN  has cases in front of all the major banks ... and they involve matters exposed by Jeff right here.

Banks lie
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NAB Promises To Play Fair

All four major banks have now committed to becoming Model Litigants. NAB was the last to do so. Acting CEO Phil Chronican who will soon take over as Chairman of the bank's board was in the hot seat at the March 2019 House Economics Committee bank CEO grilling. He made it clear that the bank is committed to acting ethically, morally and fairly when dealing with clients where a dispute exists. This is a critical breakthrough in the quest for justice. Mr Chronican and other bankers have been given cases where the bank's lawyers most certainly did not act as Model Litigants.

Previous CEO Thorburn botched his chance to have the bank do the right thing. The new environment will see legacy cases properly settled and in the future bankers will be less likely to allow abuses to bring in profits.

Previous CEO Thorburn botched the job
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ASIC Wants To Play Fair

ASIC boss James Shipton is talking tough with calls to rebuild trust in the finance sector and for bankers to be fair in their dealings with clients. It shouldn't be so hard. All that is required is for ethical behaviour to become the norm. Bankers need to realise they don't deserve a disproportionate share of their client's and the nation's wealth. The fleecing must stop.

This is Shipton's speech to the AFR Banking and Wealth Summit. There are some choice points made. How serious is ASIC? Their time to prove themselves is pretty close to up.

ASIC's Shipton wants to play fair
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Bankers Are Robbing The Country

Don't let this article slip by - you don't see this exposed in the mainstream media every day. The banks have been allowed by corrupt politicians to steal our wealth and freedoms. Adam Creighton revealed the way it's done before Hayne delivered his limited report. Spread this message far and wide. The system is corrupt and in need of structural reform. Join in with Bank Reform Now to get the job done. Stand - Unite - Make It Right.

Bankkers Creating "money."
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BOQ Exposed

It's not just the big four banks that have been abusing their clients and the law. Second tier operations like Bank Of Queensland got off even lighter than the big banks. Bankers need to look at what even the impaired Royal Commission managed to do to AMP. Michael Sanderson is owed around $2 million after BOQ manipulated valuations to assist its asset stripping sting. Time for the bank to pay up. See story for important information re: valuation abuse; Equality of Arms; Model Litigant guidelines. It's a game changer.

Michael Sanderson wants justice from BOQ
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Thorburn Displays More Than Poor Judgement

It is not just lack of judgement and poor governance in his own office. Rosemary Rogers also worked in Cameron Clyne's office. The real issue is this - if the CEO could not see crimes and misconduct in their own office it is not surprising that they may not have seen criminal cells working in the bank right around the country. We gave Mr Thorburn evidence of these crimes in October last year. He tried to cover it up with a dodgy mediation process ..... he will be looking for work very soon.

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Sham Bank Royal Commission About To Be Exposed

A beaut article summarising the possible findings of the Hayne banking Royal Commission. Well done Karen Maley from the AFR. Well worth a read but check out the BRN kicker at the end. All is not as it seems. For years both major parties allowed crime and corruption to fester in finance. It is time for bold new ideas.

Hayne unlikely to bring about adequate reforms
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Rowena Orr QC Has Been Informed

CBA survivor, warrior and BRN friend Rory O'Brien makes the case ....... for some inexplicable reason the Royal Commission is covering up the CBA / Bankwest heist. BRN says that respect is earned. Judges and politicians do not deserves any respect (or votes) if they protect criminals in the finance sector. The RC and now QC Rowena Orr have been told .... they remain on the hook .... and will remain so until a proper investigation is completed. Read this powerful letter sent to Rowena Orr QC.

The RC must be made longer & stronger. Hayne's February report can be considered an interim report. The final report can wait until two or three independent commissioners conclude a more comprehensive and powerful investigation in one to two years. Sign our petition and we will give it to the Governor General and PM.

The Royal Commission got it wrong on Bankwest
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World Sees Australian Banks Exposed

Aussie bank misconduct revealed by the light-touch Hayne inquiry is still so shocking that politicians, bankers and regulators will never be able to go back to the good old days of rampant fleecing and misbehavior. Great report from Reuters' Byron Kaye.

ANZ's Shayne Elliott leaving the Royal Commission - AAP David Crosling
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NAB Using Ex-Victorian Premier To Compensate Victims

The bank warriors have made their powerful presence felt at another bank AGM - this time at NAB's. Fireworks were seen with shareholders more than angry. Billions have been destroyed by poorly performing bankers who still demand big money for shocking conduct. Craig Caulfield initiated and co-ordinated the warrior's AGM action. He and the other warriors are champs in the battle for justice. Here reporter Joyce Moullakis explains what NAB is trying to do with the help of Jeff Kennett.

Michael, Selwyn & Craig mean business
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NAB's Ken Henry In The Dock

Well, well, well - another great bank warrior ... Rowena Orr QC - has had her hands full today at the Royal Commission. She has been dissecting an insider. Ken Henry made it very clear that he doesn't appreciate being questioned. Rowena Orr was not copping the attitude. Here are some key points from James Thomson.

Ken Henry in the dock with Rowena Orr
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CBA Pressures Customer With A Complaint

Canberra man Neil Hermes reports being intimidated by CBA staff less than three hours after he told them he had submitted evidence of his dealings with the bank to the Royal Commission. The staffer that did that is living in the old days. Banks must change. The ones that don't will be left behind. Neil was a CBA Bankwest victim. The Royal Commission has let him down so far. It must be extended and really sort out the Bankwest scandal.

Neil Hermes upsets CBA with Bankwest complaint
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People Power - Bank AGMs - Round 1

HOT OFF THE PRESS - Craig Caulfield has been battling to get justice from the Commonwealth Bank of Australia (CBA) for nine years. He has just sent us his latest on the first bank - CBA - to feel the power of the people during the AGM phase of the campaign. There are other banking events over the next few weeks. Join in. Here is what Craig had to say -

CBA AGM hears the truth from Bank Warriors
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NAB Banker Guilty

This NAB story is very interesting. Spot the difference - A banker rips off the bank and is quick smart reported to police - pleads guilty in court - and most likely will be jailed. A banker rips off a client .....  well you know how it used to end. But not anymore. We are now in a changed environment. Reforms are brewing that will see bankers heavily fined and jailed ..... and their victims fully compensated. Bankers that do not accept the new reality will be at very high risk of losing their jobs and bonuses .... at best. At worst ..... do not pass go ..... you know exactly where you will be heading. Any banker knowingly covering up serious crimes and misconduct will be held accountable.

NAB's Ferrari-driving banker guilty
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CBA Victims Corner CEO

Selwyn Krepp and Bob Bourne know how ruthless bankers and their lawyers can be. Both victims of CBA - they took the opportunity to meet with CEO Matt Comyn in Canberra .... right after the Economics Committee finished grilling him. BRN suspects Mr Comyn now has a much better understanding of the situation bank victims face. There is not much worse than losing you home, business and job thanks to bank misbehaviour.

Bank victims wait for CBA CEO  Matt Comyn
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Dr Brandson's Blog

Be inspired by founder Dr Peter Brandson's thoughts and opinions, shedding light on the bigger picture of bank corruption and how it damages people's lives.

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Scott Morrison Not Shocked By Bank Crimes

These two emails show you what we are dealing with. The first to the Prime Minister makes it clear about the crimes that are being covered up by the Hayne Royal Commission. The response which arrived three months later on the eve of the Hayne report is a form letter which makes no mention of the key issues needing attention.

ScoMo knows what bankers are doing
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Bank victims must be compensated

The Banking Royal Commission and many other inquiries have proven that many people and businesses have been damaged by unconscionable crimes and misconduct. Rory O'Brien nails it - it's a disgrace that remediation is apparently a low priority as far as the government and Commissioner Hayne are concerned.

Rory O'Brien wants action for victims
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Vote 1 - Pollies that serve the country

Trigger Warning - Harsh truth content ahead. Lies and other forms of propaganda aim to hide the shocking truth .... we are all being fleeced by a system that serves the elite. Our major parties work in the interests of the elite ... not voters and citizens. Election 2019 is when we can reset the system. Will you help?

Fool-Us-Once
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NAB Bank - Grilled Or Toasted?

Mr Andrew Thorburn (NAB Bank CEO) made some very significant comments at his appearance in front of the House Economics Committee at the annual Big4 Banks review. Bank Reform Now provide some critical excerpts in this article. First, there are four cases the MPs were very concerned about seeing investigated and satisfactorily resolved - Rita Troiani (Wide Bay Bricks), Faye Andrews, Bill Mott and the Furneaux case.

Next, we have some important highlights. It is good to see that Mr Thorburn is committed to giving bank victims full and open access to essential files, documents and other evidence. We are also pleased that he wants to be held personally accountable!

NAB bank - meet bank victims
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NAB In The Dock - Big4 Banks Review

Hansard Transcript - The Treasurer has asked the Standing Committee on Economics to inquire into and report on a Review of Australia's Four Major Banks. This is the National Australia Bank's (NAB) appearance at the fourth review. Members of the Bank Reform Now team were in attendance to bear witness.

The MPs on the committee did a magnificent job. The CEOs were not able to bluff their way out of being accountable. We have saved the transcript here for you.

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Extend Australian Royal Commission Banking & Finance

Bank Victims Horror Stories

From Extend RC Parliament Event
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Bank victims, supporters and concerned citizens want to see...
ANZ CEO Shayne Elliott finally admits documents they used...
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