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On 30 November 2017, the Prime Minister, the Hon Malcolm Turnbull MP, and the Treasurer, the Hon Scott Morrison MP, announced that the Australian Government would establish a Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

A transcript of the announcement of the Royal Commission by the Prime Minister, the Hon Malcolm Turnbull MP, and the Treasurer, the Hon Scott Morrison MP, can be found below.

On 1 December 2017, it was announced that the Honourable Kenneth Madison Hayne AC QC would be recommended as Commissioner for the inquiry.

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