Category Archives: Australia post

Why the Australia Post Office bank should be established

Australia Post bank desperately needed

from Alison Ryan

There was a public forum in Parliament House on 7 September making the case for a public postal bank.
Former New Zealand Cabinet Minister Matt Robson attended, and “concluded from what he saw that Australia is well on the way to winning the bank. Australia has a real chance to achieve a public bank that the public will take ownership of, ensuring politicians won’t be game to try to privatise it, which Matt Robson reported has been NZ’s experience.”

(From Australian Alert Service, 14 September 2022)
Robert Barwick commented in the AAS that:
“The existing political support for a public post office bank is unusually bipartisan, ranging from the Greens to One Nation, Katter’s Australian Party, many individual members of the Nationals and ALP, including senior figures, and even members of the Liberal Party. All parliamentary political parties were represented at the forum, either by politicians or their staffers.

Member for Kennedy Bob Katter, whose support for Christine Holgate and the LPOG was pivotal in forcing last year’s inquiry, is a staunch advocate of public banking, and spoke of the potential for investment in economic development. Mr Katter is preparing a bill, called the Commonwealth Postal Savings Bank Bill, which would establish a Commonwealth government-owned banking corporation, separate from Australian Postal Corporation with its own board and management, but with a permanent agency agreement to operate through post offices. The bill’s provisions include that the bank is guaranteed by the Commonwealth government; the agency agreement must ensure that Australia Post and the LPOs receive full and fair payment for providing the infrastructure for banking services; the bank will provide full banking services, including taking deposits and advancing loans; the bank may lend for housing, small and medium enterprises including farms, and local, state and federal infrastructure projects; the bank must act in the public interest; and the bank must give priority to access to banking services.

One Nation Senator Malcolm Roberts said a public bank is needed to hold the private banks accountable and to ensure banking services for all communities. Liberal Senator Gerard Rennick described himself as a passionate backer of a people’s bank, both as an essential service, and as an instrument of monetary policy to direct investment into the economy. National Party Senator Ross Cadell attended but was called back to the chamber before he had a chance to speak. Closing the forum, LPOG Executive Director Angela Cramp said post office people were delighted at the support for a postal bank. “We have the network; we’re ready for the work,” she said. “Bring it on.””

A postal people’s bank is clearly both in Australia’s national interest, and is the long-term solution for Australia Post. It is also the solution for regional banking needs.

Post Office bank rejected by the Australian Banking Association

by Alison Ryan

Australia needs a public (i.e. government-owned) bank, like the original Commonwealth Bank, which served Australia from 1912 to 1996. Citizens Party is urging the support from Australians for the creation of a Postal bank.

Former Australia Post CEO Christine Holgate was sacked by former Liberal PM Scott Morrison at the behest of the ABA for suggesting post offices become a government bank

Since Christine Holgate’s removal, Australia Post has descended back into chaos and financial difficulty.

The long-term solution for Australia Post, as Christine Holgate saw, is to permanently combine postal services with banking services by establishing a postal bank, a government bank that operates through post offices.

A postal bank would serve the communities being abandoned by the private banks, support the post office network and LPOs, and force the major banks to compete.

Bob Katter MHR is preparing to introduce legislation into Parliament to establish a postal bank.

To support this win-win economic solution, please get involved in the campaign.

  1. Citizens are encouraged to contact PM Albanese – to abide by the Senate inquiry report and not appoint Stephen Conroy to the Australia Post board, but appoint representatives of the workforce and the LPOs instead;  Click here to contact PM Albanese
  2. And to contact our federal MP and Senators – to support Bob Katter’s bill for a post office people’s bank. Call and email your federal MP and Senators
  3. In the “People’s Mandate”, written by Arthur Chresby, Mr Chresby has shown citizens how they can write their MY WILL letters to MPs using the following format:

Dear Prime Minister, Mr Albanese / Federal MP / State Senators,

I know it is my duty to keep you informed of MY WILL on anything that comes before Parliament, or that should come before Parliament.

IT IS MY WILL that you take immediate action …

Yours faithfully,

(Full Name)

Arthur Chresby, MHR Griffith, 1958-61

(Address)

(Date)

Video: CREATE A PUBLIC POST OFFICE BANK! – The solution to the closure of local bank branches

Chresby, Arthur (28 January 2018). “People’s Mandate”(PDF)

  • Arthur Chresby passed away in Toowoomba in 1985 but his research lives on. Arthur was a former federal Liberal Member for Griffith in Brisbane and was highly sought after across the nation as a speaker on numerous issues including banking and the Constitution.

Make a submission to the banking task force demanding a postal banking service

We have until 18 December to flood the Regional Banking Taskforce with submissions calling for a postal bank!

It is imperative that we get the attention of the Regional Banking Taskforce, and force them to recognise that Australians want solutions, not platitudes. That’s why the Citizens Party is calling on everyone who supports the postal bank policy to make a quick submission to the taskforce by the 18 December deadline and insist they support the postal bank option. The goal is to overwhelm this taskforce with calls for a postal bank. No exceptions—they need to hear from YOU!

Click here for the Citizens Party’s 24 Nov. 2021 release, “A postal bank is the solution to regional banking needs”

Click here for the Regional Banking Taskforce website, which links to the Issues Paper.

Click here to watch A Way Forward For Regional Banking, in which Martin North from Digital Finance Analytics and Citizens Party Research Director Robert Barwick discuss the postal banking alternative.

Where to send your submission:

You can submit responses to this consultation up until 18 December 2021.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions may be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence.

EMAIL:
regionalbanking@treasury.gov.au

POST:
Secretariat
Regional Banking Taskforce

Financial System Division
The Treasury
Langton Crescent
PARKES ACT 2600

How the banks and big end of town own the LNP/ALP duopoly

When are you going to reinstate Christine Holgate PM Scott Morrison? And you tout your alleged Christianity?

Thank Telstra for the loss of your identity

by Gil Hanrahan

If you want to purchase a phone or internet service from Telstra, new corporate policies demand you lay your soul bare to one of its 26,000 Filipino or Indian call centre operators.

If you simply request an extension of your internet allocation or a new phone be prepared for a Stasi-styled interrogation by a salesman whose brogue is heavier than a Highland Scotsman full of malt whisky.

Liberals and Labor sold all Australians out when the Adam Smith disciples of the party duopoly handed Telstra to the open market.

There is no prospect of intelligently deciphering the fractured polemic demanding you reveal your date of birth, drivers licence number, occupation, home address, how long you have lived there, any government-given identity such as a gun or high risk machinery licence, how many dependents you might have, your ABN number if you have one or any other form of identification. All of this sensitive data will be handed to some obscure credit reporting agency.

If you don’t answer yes to whatever question is in the offing, you get no service, regardless of what you thought the operator said.

For the life of me, I am sure the fourth seemingly female operator I encountered after 5 days of trying to extend an internet allocation, asked me to show her my ……..you know what!

Then after questioning what she said, I am sure she promised she would show me hers?

It was a distant yet exciting cosmopolitan affair guessing which nationality would answer the call. Would it be a delightful Filipino gal or a nubile, swarthy babe from the depths of New Delhi?

I have never been subjected to such a barrage of unintelligent personal questions which leave a serious hospital examination floundering.

Telstra CEO Andrew Penn appointed in 2015

Can you imagine a rogue operator (Telstra insists its 26,000 foreign phone jockeys being paid $2.50 an hour all possess exemplary behaviour) selling this information on the open market to marketing companies or to the identity theft black market.

Telstra CEO Andrew Penn appointed in 2015 should clean up his act and re-employ a reported 26,000 Australian call centre operators which would give a huge economic boost to the ailing economy. The lowly paid overseas operators took the jobs of 26,000 Australians.

Telstra has a total monopoly over rural Australian communications

Australian privacy laws have been thrown out with the bathwater by giving unknown foreign operators access to your sensitive information. Why are these operators so ‘anal’ about you giving your date of birth for identification purposes before they will speak to you? Fortunately this scribe gave them a false date of birth many years ago so the remainder of the private identification details they have on file are rendered irrelevant. How are these aliens able to confirm your driver’s licence number unless they have access to the Department of Main Roads data base?

If you do not comply with every question you will not get any Telstra product. All of this dastardly interrogation occurs on an open phone line which one of our pet investigators can intercept in 20 seconds using a Stingray device, the same as the police use to intercept any mobile phone call without the need of an interception warrant.

This readers is what you get for backing the political party duopoly for the past two decades.

Telstra Corporation is an abomination, a miscreant of deregulating Liberalism, spawned by the devil and borne of greed.

Its predecessors the PMG Department and Telecom braved the hideous privatisation ideology of the Liberal and Labor parties by defending their workforce of many World War 2 and Vietnam veterans, protecting them from the avaricious corporations that were circling the publicly-owned communications wagons in the 80’s and 90’s.

Telstra didn’t stand a chance with PM John Howard and his Jewish handlers lining up the profitable telephone utility for the clutches of his somewhat unsavoury stockbroker colleagues.

To get the grubby deal over the line in parliament palms were greased with gay abandon.

This scribe once worked for the federal government at the time Canberra chair polishers went into overdrive when the Liberals presented their bill to privatise Telstra in 1999.

Two members of parliament, without divulging which House, told me they were discreetly offered an Alladin’s cave of riches to support the privatisation of the only reliable and affordable public communications network in the country.

Remember the PMG, was a public utility created in 1901 which only ever charged users the cost of maintaining the network plus a small margin for future works and administration?

It was a proper government utility until Whitlam got his dirty hands on it in 1975 creating Telecom. In 1993 it was rebranded Telstra.

After the disastrous Whitlam era, incorrigible Labor PM’s Bob Hawke and Paul Keating bankrolled their futures after politics by floating the Australian dollar and clearing the decks to sell off our government-owned phone and power services. 1.

It was called 2. privatisation. Readers know where this infestation has led us. Right into the hands of the financial oligarchy so you can be their honorary slaves forever more.

  1. Privacy breach affecting 60,300 customers

 

Read the rest of this entry

Top pay for Aust Post boss who produces nothing but $1 stamps

14 February 2017: Today KAP Member for Kennedy, Bob Katter delivered a Question without Notice in Question Time to the Minister for Communications about the $5.6m pay packet for the CEO of Australia Post – Ahmed Fahour.

 Mr Katter’s Question raised Mr Fahour’s pay; the cost of postage doubling to $1 a letter; and the $2.8m pre-tax donation it is reported that Australia Post “mutually agreed” to give to the Islamic Museum of Australia, founded by Ahmed Fahour’s brother Moustafa Fahour, when in the same year 900 Australia Post staff were sacked.  Mr Katter asked the Minister for Communications:

Australia Post CEO get $5.9m a year to produce only $1 stamps and make huge donation to Islamic museum

Australia Post CEO Ahmed Fahour gets $5.9m a year to produce only $1 stamps and make a huge donation to Islamic museum

“Australia Post’s CEO pre-corporatisation received $360,000, Ahmed Fahour the current CEO enjoys $5.6 million.

France’s Postal Services CEO receives $1m whilst the United States CEO only $550,000.

Pre Fahour stamps cost 50c; now $1.

Minister, no more Christmas cards. 

In 2014 Australia Post sacked 900 staff. In the same year, Mr Fahour’s Australia Post donated $2.8m to his brother’s Islamic Museum. 

In light of Ahmed’s Australia Post’s generosity, Minister, could I get $30,000 to repair the Catholic Church in Julia Creek?” 

On appointment in 2010 Mr Fahour was paid $2,086,710.  This salary package has almost tripled in 6 years to $5.6m.

Mr Katter has highlighted exorbitant CEO pay as a consequence of privatisation and deregulation; and it is not limited to Australia Post.

“The case was strongly pleaded by Lance Hockridge, to privatise Queensland Rail.  Mr Hockridge was the then CEO and as a senior public servant would have been on around $250,000 a year.  Within a few years after privatisation he was reported to be paying himself a package in excess of $6m a year, for exactly the same job.

“According to the Australian and the Daily Telegraph with one article titled ‘Happy Dragon’, assuming these stories are accurate, it would mean Gail Kelly had received $77m in 8 years, between 2002-2009.   “Happy Dragon indeed, but where is St George?” Mr Katter asked.

“Sol Trujillo for little more than 3.5 years at Telstra was paid $40m.  Ben Butler at the Courier Mail said ‘complaints had a 241% increase in three years during Trujillo’s reign at Telstra’.  Before he arrived at Telstra share prices were $5, when he left they were $3.

“Piketty in his landmark book, stated clearly that the world’s wealth now is going to the managerial class, which effectively sets their own wages.  He makes the point that 100 years ago the world’s wealth was going to the owner class, the Carnegies, the Fords, the Rockefellers.  People who risked their own money and built the motor vehicle industry, the steel industry, the American railways industry.

“It is now going to a class of people that really produce nothing.  Particularly in Australia’s case they simply cut workforce numbers and send the jobs overseas.  Then pay themselves an extra $1m a year for closing down an Australian industry.  “They cry out for foreign investment, which of course means CEOs pay themselves increasingly more.  Until now we reach the point where the only thing we export are jobs.

“Essington Lewis who created the biggest company on earth BHP, an Australian company, when he died he had an estate of $1.7m.  In today’s terms an estate worth a measly $2.4m, which would not buy you a decent home in Sydney today.

“Essington Lewis, Les Thiess (coal), Lang Hancock (iron ore), Laurence Hartnett (motor vehicles) all died with very little money. Their riches were in another treasure chest which, please god, they are enjoying now.

“Their riches were what they gave to their fellow Australians.  That was how those men measured their wealth”, Mr Katter said.

%d bloggers like this: