Banks inquiry devotes more time to farming

Megan Neil

The banking royal commission has dropped natural disaster insurance from its current hearings so it can devote more time to farming finance.

Commissioner Kenneth Hayne QC said he decided to deal with disaster insurance during a September hearing on general insurance issues.

"It is better that I pull the pin now and shift natural disaster over into September to give us enough time to deal properly with farming issues," Mr Hayne said in Brisbane on Tuesday.

The commission will therefore spend all of this week looking at farming finance, spilling over into beginning of next week's hearing in Darwin that will still examine financial issues affecting indigenous Australians.