MPs could be fined 5% of their salary for misbehaviour, that's according to a leaked first draft of new parliamentary standards being developed by a bi-partisan committee.

A proposed Independent Parliamentary Standards Commission would have oversight of elected MPs, their staff and others with the power to investigate serious breaches including assault, violence, bullying, harassment and discrimination. The Commission is expected to pass with bi-partisan support when its voted on in October.

Guest Greens Senator Larissa Waters