Does the banks’ conduct warrant criminal investigation?

Another day, another scandal at the Banking Royal Commission.  

Nicole Smith, former chair of NAB’s superannuation trustee, Nulis Nominees, was in the hot seat on 8 August revealing all around fees-for-no-service amongst other matters.

Of particular interest in yesterday’s proceedings, was Ms Smith’s admission that she did not think that “taking money to which there was no entitlement raised a question for criminal law.”

Berrill & Watson’s John Berrill spoke with The Age yesterday around Wednesday’s revelations at the Commission citing it as “a significant moment”.

Read the full “The Age” article here.

At Berrill & Watson, we’ve been following the Banking Royal Commission closely as it has significant impact on the clients we provide services to. We will continue to monitor proceedings as it progresses and no doubt, we will be sharing more incredible revelations.

Other Banking Royal Commission articles:

1. “Why good people do bad things” – John Berrill on the Banking Royal Commission
2. The Royal Commission – it begins!
3. We welcome the Banking Royal Commission but we also have come concerns