Essential Report

Royal Commission into banking

Apr 19, 2016

Q. Would you support or oppose holding a Royal Commission into the banking and financial services industry? (VERSION 1)

Q. The Opposition leader Bill Shorten has called for a Royal Commission into the behaviour of the banking and financial services industry. The Prime Minister Malcolm Turnbull says that a Royal Commission isn’t necessary because the banks are already heavily regulated. Would you support or oppose holding a Royal Commission into the banking and financial services industry? (VERSION 2)

Half the sample was asked version 1 and half was asked version 2.

  Total

VERSION 1

Vote Labor Vote Lib/Nat Vote Greens Vote other   Total

VERSION 2

Vote Labor Vote Lib/Nat Vote Greens Vote other
Total support 59% 73% 58% 53% 56%   54% 68% 41% 66% 60%
Total oppose 15% 7% 25% 7% 15%   21% 9% 38% 15% 27%
Strongly support 27% 36% 23% 28% 30% 23% 33% 14% 43% 21%
Support 32% 37% 35% 25% 26% 31% 35% 27% 23% 39%
Oppose 11% 6% 16% 7% 14% 13% 7% 19% 13% 23%
Strongly oppose 4% 1% 9% 1% 8% 2% 19% 2% 4%
Don’t know 25% 21% 16% 40% 29% 25% 22% 21% 19% 13%

There was majority support for holding a Royal Commission into the banking and financial services sector.

When asked as an unqualified question 59% supported a Royal Commission and 15% opposed. When told that the opposition had called for the Royal Commission and the Prime Minister had opposed it, 54% supported and 21% opposed. The difference was mainly due to Liberal/National voters whose support dropped from 58% to 41% when told that the Prime Minister opposed the Royal Commission.

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