Well, the Banking Commission Report is in, the banks have issued their sincere ‘mea culpas’ (with crossed fingers); investors can at last relax because banking shares have sky-rocketed and profits are again assured; Mother Nature has provided us with torrential rains in Queensland and disastrous fires in Tasmania to divert our attention from the too-close analysis of Justice Haynes’ recommendations, such as they are.
And all’s as it was – sort of!
So what’s changed? We have five un-committed parliamentary sitting days before an election and we can be pretty certain those will be taken up with political point-scoring.
That means no meaningful legislative reforms can even be contemplated until the end of the year when a new government settles in.
It also means those forces which oppose any meaningful reforms have plenty of time to organise and lobby against any changes which might disadvantage them.