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Labor will give Australians the legal firepower they need to take the fight to the banks.
We'll provide a $120 million contribution over four years from the Banking Fairness Fund to expand the financial rights legal assistance sector from 40 lawyers to 240 lawyers across Australia.
The funding of $30 million per year will be ongoing, and will provide stable funding.
The 200 extra financial rights lawyers will assist victims of bank and financial service provider misconduct by providing legal advice and running complex cases in court and through the Australian Financial Complaints Authority (AFCA).
When Australians face a fight with their banks, Labor will make sure they are not fighting alone.