Julies Bishop’s brother Clayton profits $millions from corrupt banks

Minister for Foreign Affairs Julie Bishop’s brother, Douglas Bishop, is one of biggest beneficiaries from protecting corrupt financial institutions like the Commonwealth Bank. We have learnt over the last few days from the Banking Royal Commission his Jewish law firm Clayton Utz are even bigger beneficiaries to the tune of 10’s of $millions.

It also raises the question: Given the federal government has made many decisions over the last couple of years regarding financial institutions including delaying a Banking Royal Commission for the banks benefit. Has Julie Bishop ever declared in cabinet or to the public the perceived bias given her brother makes $millions from financial institutions like the Commonwealth Bank?

Yes, there’s more. Senator Mathias Cormann is the Minister for Finance and his wife Hayley Cormann works at Clayton Utz as well as a Senior Associate in their Perth office. Hayley Cormann also happens to be the WA Law Society president.

That’s at least 2 federal ministers whose families have a direct financial interest in Clayton Utz as employees of the company who would also receive bonuses for the work they bring to the company. It would be a huge selling tool for lawyers at Clayton Utz to be able to tell customers like the AMP and Commonwealth Bank etc that they can directly influence cabinet decisions and the banks would pay well for that.

Julie Bishop is fast gathering a reputation for rorting the government expense account, so I would not expect her brother to be greatly different and from my investigations he isn’t.