Paul McLean – The Democrat who took on the banks

Paul McLean was an Australian Democrat who was a senator for NSW from July 1987 to August 1991.

His portfolio responsibilities included defence, veterans’ affairs, industrial relations and small business and he was party whip for much of his senatorial career.

Throughout his time as a senator, McLean was outspoken on the issue of banking malpractice, including raising allegations of corruption against senior officers of the Commonwealth Bank, and malpractice in other financial institutions.

On 12 February 1991 McLean was prevented by the President of the Senate from tabling controversial leaked documents relating to Westpac’s foreign currency loans program.

In May 1991, Paul McLean introduced the COMMISSION OF INQUIRY (BANKING PRACTICES) BILL 1991. The bill proposed to establish a royal commission into banking practices.

Sources and further reading:

The Biographical Dictionary of the Australian Senate
Paul McLean (politician) – Wikipedia

2018-05-10T22:01:16+00:00Tags: , |

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