I agree with the mechanism - this is as good an area for a Royal Commission as any right now β€” I just think the use of the word β€˜immediate’ is misleading, or optimistic. Once called, it will take 6-12 months to get up and running; and likely 24+ months to report. We will have been through, officially, another recession by then. And possibly a change of federal government. Then the new government - if it is led by PP - will dismiss or ignore most of the findings and blame it on Justinflation, non?

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