Labor's banks royal commission dead in the water after George Christensen moves counter motion

By James Massola, Chief Political Reporter
Updated August 31 2016 - 12:18pm, first published 11:32am
Opposition Leader Bill Shorten speaks on a banking royal commission on Wednesday. Photo: Andrew Meares
Opposition Leader Bill Shorten speaks on a banking royal commission on Wednesday. Photo: Andrew Meares
Coalitin MP George Christensen, pictured with Prime Minister Malcolm Turnbull, moved a counter motion against Labor's banks royal commission. Photo: Andrew Meares
Coalitin MP George Christensen, pictured with Prime Minister Malcolm Turnbull, moved a counter motion against Labor's banks royal commission. Photo: Andrew Meares
Independent MP Bob Katter had earlier backed Mr Shorten's motion. Photo: Andrew Meares
Independent MP Bob Katter had earlier backed Mr Shorten's motion. Photo: Andrew Meares

A royal commission into Australia's major banks has been killed off after a Labor move to establish the inquiry was defeated in Parliament.

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