Home Affairs Minister Peter Dutton said Westpac bosses have "given a free pass to paedophiles" and should pay the price.
Mr Dutton told Parliament "the incidents in relation to Westpac" were "completely unacceptable".
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com