Model inquiry

THE Government’s choice of banking inquiry isn’t ‘sexy’, but it is sensible. The independent statutory commission will ensure we get to the facts in an effective, speedy and cost-efficient way.

There’s no doubt a public parliamentary inquiry would have made for riveting viewing. However, it would inevitably have descended into a point-scoring farce given the lack of bipartisan politics here.

In the midst of all the misinformation bandied about, it is easy to forget that the most significant elements of the inquiry, namely the two preliminary reports and the commission’s report, will be published and subjected to public scrutiny. Cleary, the chosen model combines the best of all options.