Opposition leader Bill Shorten has vowed to compensate victims of misconduct in the banking and financial sector, saying he will 'make the big banks pay'. The plan seeks to give Australians unprecedented new rights to demand payments from the banking and finance companies to recover personal losses under a retrospective law. Labor's policy would also allow more consumers to apply for help, offering a longer timeframe in which to do so. Consumers will also be able to have their case reheard if they feel they've missed out due to a 'bad decision' by the ombudsman or courts. Image: News corp Australia
