At the beginning of September, Turnbull handed the ASBFEO responsibility for a mini-investigation into small business problems with bank lenders, specifically relating to cases arising under the Impairment of Customer Loans Inquiry (the CBA takedown of BankWest borrowers). Carnell claims that her office will have "royal commission-like powers". Indeed? Then why not a proper royal commission with appropriate parameters? This is a farce in the making.