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Turnbull confirms Government will establish banking tribunal

Friday, 7 Oct 2016 06:06:51 | Stephanie Anderson

(News Video)

Prime Minister Malcolm Turnbull has confirmed the Government will establish a banking tribunal.

The possibility for a tribunal was raised during this week's parliamentary hearing with the heads of the big four banks.

A number of Coalition MPs have pushed the idea as a low cost way for banking victims to seek justice.

Speaking on 5AA radio this morning, Mr Turnbull said the Government was working towards establishing a tribunal to deal with consumer claims.

He said a number of banks had voiced support for a tribunal.

"We will get a low cost, speedy tribunal to deal with these types of consumer complaints, customer complaints against banks," he said.

"This will be real action."

More to come.

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