Australia’s small-business ombudsman proposes powers to veto banks’ bans on mining projects

Australia’s small-business ombudsman proposes powers to veto banks’ bans on mining projects

The Guardian

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Bruce Billson says banks and insurers should be made to ‘show cause’ for refusing ‘essential services on the basis of arbitrary concerns’

The small-business ombudsman has proposed powers that would overturn decisions made by banks and insurers to refuse services to companies based on concerns over issues such as climate change or animal welfare.

Bruce Billson, a former Liberal small-business minister, put forward the proposal in a submission to an inquiry chaired by Nationals MP George Christensen into the climate policies of banks and insurers.

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