Category Archives: bob katter
The Senate Economics Legislation Committee on 14 February initiated an inquiry into the Banking System Reform (Separation of Banks) Bill 2019.
This landmark senate inquiry was ignored by big media which preferred sensationalising the dust-up between One Nation’s James Ashby and its former senator Brian Burston in the halls of the senate.
from Citizens Electoral Council
This is a major blow for the banks, which had assumed that the Hayne Report from the banking royal commission, which did not recommended structural separation, would be the final word on the issue—bank shares soared on the news they wouldn’t be broken up. They celebrated too early, however.
On 12 February, a week after Hayne’s report became public, Senator Pauline Hanson introduced into the Senate the same bill that Bob Katter had introduced into the House of Representatives in June 2018. This bill was carefully drafted by the Citizens Electoral Council based on the USA’s successful Glass-Steagall Act of 1933 and the updated “21st Century Glass-Steagall Act” bill currently before Congress, adapted for Australia’s financial system.
The bill separates traditional commercial banks that take deposits and make loans from all other financial activities. This solves the problems of both vertical integration—the gross conflict of interests involving banks advising their customers to buy products from other businesses the banks also own; and horizontal integration—banks mixing commercial banking with risky investment banking that puts customer deposits, and the whole economy, in danger. The bill also brings the failed bank regulator APRA (Australian Prudential Regulation Authority) under much tighter parliamentary control.
Bank separation has the support of most cross-bench politicians in Parliament, including the Greens, Centre Alliance, One Nation and independents. It is also supported by key backbenchers in all of the major parties. The Labor Party had said they would support it if recommended by the royal commission; however, sticking with that position is untenable. They know that Commissioner Hayne’s terms of reference forbade the investigation of “structure”, which Labor had intended a royal commission would have looked at. Also, even Labor’s senior statesman Paul Keating has strongly criticised Hayne for not recommending structural separation.
(Hayne’s recommendation against structural separation is a scandal: that section in his report includes a blatant lie, and experts familiar with public inquiries have accused Treasury of a “dirty trick” to rig the outcome in favour of the banks.)
The opposition to separation comes from the big banks, the discredited regulators which are captured by the banks, and the leadership of the major parties who take huge donations from the banks. The banks wish to keep the parasitical structure that has enabled them to amass huge profits, not only through gouging their customers but also through gambling with their deposits, which they use to underwrite their huge derivatives bets that collectively amount to more than $40 trillion. There is a revolving door between the banks and regulators: high-powered executives from banks take key positions in the regulators, such as ex-UBS chief John Fraser taking over as Treasury Secretary in 2013-18 and former senior investment bankers holding six of the nine positions on the executive of bank regulator APRA; and regulators retire to plum banking positions, such as former Treasury Secretary Ken Henry becoming chairman of NAB and former RBA governor Glenn Stevens joining the board of Macquarie Bank. And not only do the big banks donate to the major parties, but so does the Australian Banking Association which lobbies for them, as do the Big Four global accounting firms which audit the major banks and have a track record of covering up dodgy bookkeeping by banks all over the world.
Make a submission
This inquiry is the chance for the Australian public to force the debate on banking separation that the royal commission was not allowed to have. The Senate Economics Legislation Committee is taking submissions from the public, so every concerned Australian should make a submission.
Here are some points to note about the Glass-Steagall principle of full banking separation:
- It works, as proved by its success for almost 70 years (1933-99) in America;
- It ends the conflicts of interests of vertical integration, which is the only way to ensure the misconduct exposed by the royal commission can’t happen again;
- It protects deposits from the dangers of speculation, which boosts confidence in the banking system;
- It stops banks from diverting credit into unproductive financial speculation, thus making more credit available for lending to neglected sectors such as small business, industry and farming.
The submissions deadline is 12 April, but don’t delay—make your submission today!
How to make a submission
Written submissions can be delivered to the Committee in two ways: 1) by physical post; 2) online.
- Post your written submission to: Senate Standing Committees on Economics
PO Box 6100
Canberra ACT 2600
Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
KAP Leader and Federal Member for Kennedy Bob Katter has urged the Prime Minister in Parliament to commit to low-interest reconstructed debt through his Reconstruction Board Legislation to help farmers in North-West Qld who are facing the worst natural disaster to hit the cattle industry.
Up to 500,000 cattle have died and thousands of people are now without an income for years – all a consequence of the years of drought then devastating floods.
Mr Katter has been on the ground and seen first-hand the extent of damage; within a matter of weeks, most of the farmers’ entire livelihoods – many going back generations – have been wiped out. A whole economy and backbone of QLD agriculture has been devastated.
“The Mid-West and Gulf provides one tenth of the entire Australian cattle industry; beef is Australia’s fourth biggest exporter,” Mr Katter said.
“It is now decimated by droughts, flooding and the resulting terminal health conditions. With no stock, massive existing debt and hundreds of thousands of rotting carcases to clean up, farmers will have no capacity to pay their mortgage let alone restore and restock.
“I have asked the Government to commit to a Reconstruction Authority, cutting existing debt by 30%, providing finance at government interest rates
“Without this minimal action North Qld’s calamity, its misery, it’s human and economic hardship will worsen exponentially,” Mr Katter said.
The Prime Minister has said restoration of the Qld cattle industry isn’t about trying to prop up an industry that doesn’t have a future, it is an industry that has a massive future for Australia, and the Government needs to be there to support and re-build that cattle industry. He has assured Mr Katter there was a recovery and restoration plan and they would work to assure the cattle industry was going to be as great as it was going to be in the future – if not even greater and a plan will come forth from the Minister of agriculture to address these issues.
Mr Katter has been working tirelessly to help see the north west and Gulf through the greatest devastation known to the cattle industry.
Hon Bob Katter MP
KAP Leader and Federal Member for Kennedy
will respond via Facebook video to the release of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry report, as the first politician who called for a Commission back in May 2015.
3:30pm (Qld time)
TODAY (Monday, 4 February 2019)
Staff will upload live video to Bob Katter’s Facebook page re his response to the report’s release and findings.
Please note, Mr Katter is unable to travel from his home in Charters Towers today due to extensive flooding in Townsville and throughout the Kennedy Electorate and the closure of the Townsville airport (hence the Facebook video).
Timeline of the Banking Royal Commission and how it originated:
- End 2012 – Rural Debt Summit – Bob pressures the then Treasurer and Deputy Prime Minister Wayne Swan after a question in Parliament to act on spiralling rural debt. Bob pushes to form the Rural Debt Roundtable Working Group.
- 7 May 2013 – Bob organises rural crisis meeting in Richmond, Central Queensland. Bob forms Gulf Cattleman’s Association to steer the meeting and actions going forward. Federal Member Barnaby Joyce as Shadow Agriculture Minister and (then) Chief of Staff, Matt Canavan attend. Former Senator the Hon Joseph Ludwig (Minister for Agriculture, Fisheries and Forestry) also attends. Focus on the crisis meeting is on debt, drought and live cattle exports. After the meeting is called, but prior to being held, on 27 April 2013 Swan and Ludwig announce concessional loans (in Queensland, administered by QRAA) – package worth $420m Australia- wide.
- 30 June/1 July 2013 – Indonesian Ambassador tours the Gulf with Bob. The next day, the Indonesian Ambassador flies to Jakarta to brief the President ahead of Prime Minister Rudd’s visit. Live cattle quota numbers are restored following Rudd’s visit.
- 28 Feb 2014 – Bob and Rural Debt Roundtable Working Group Chair meet with Australian Banking Association (CEO and bank executive members) in Sydney regarding rural debt and the Private Members Bill for a Rural Reconstruction Board.
- 5 December 2014 – Winton ‘Last Stand’ meeting called by Robbie Katter (Queensland State Member for Traeger and Bob’s son) where Federal Member Barnaby Joyce attends as now Minster for Agriculture and Water Resources. Radio and TV commentator Alan Jones is a special guest. From this, David Pascoe compiles a Facebook story about Charlie Phillott and the ANZ Bank , which goes viral. Following this meeting, Minister Joyce gives another $100 million in concessional loans and the ANZ puts a moratorium on foreclosing on any new drought-affected farmers for a year. Bob says he will name and shame banks behaving badly in the media and Parliament.
- May 2015 – After battling ANZ and other bank cases, Bob calls for a Royal Commission into the banks.
- 12 July 2015 – 60 Minutes airs story on Charlie Phillott and ANZ Bank.
- 30 August 2015 – Mike Smith’s (CEO of ANZ) apology to Charlie Phillott airs on 60 Minutes.
- 19 October 2015 – Queensland State Member for Traegar Robbie Katter is appointed Chairman of the Queensland Government’s Rural Debt and Drought Taskforce. The final report, released in in April 2016, made 14 recommendations including establishing a Rural and Industries Development Bank, a Farm Debt Reconstruction Authority, and a commercial Multi-Peril Insurance (income protection) product for all primary industries.
- 26 May 2016 – Queensland State Member for Traeger Robbie Katter introduces the Rural and Regional Adjustment (Development Assistance) Amendment Bill.
- 10 October 2016 – Bob introduces Banking Commission of Inquiry Bill 2016, as per election promise.
Federal Member of Parliament George Christensen comes out publicly saying he will support a bill by Bob.
- 27 March 2017 – New Bill introduced by Bob which has input from other MPs – People of Australia’s Commission of Inquiry (Banking and Financial Services) Bill 2017.
- November 2017 – Then Prime Minister Turnbull announces he will call a Royal Commission after the big banks give him the go-ahead.
- 25 June 2018 – Bob moves the Banking System Reform (Separation of Banks) Bill – legislation for Glass- Steagall separation of commercial banks from all other financial activities.
- 27 June 2018 – Bob attends the Banking Royal Commission public hearings and asks a question of the Commissioner Kenneth Hayne QC. Mr Katter interrupts proceedings to ask the Commissioner whether the banks’ failures will be properly fixed. The Commissioner concedes that public hearings into agribusiness lending will have to be extended.
- 4 October 2018 – Bob directly asks then Treasurer and now Prime Minister Scott Morrison in Parliament if he could assure the House that the Royal Commission would include the “carrion” – the receivers – and address the issue of a Reconstruction Bank. The Banking Royal Commission a priority in the 45th Parliament for Bob Katter.
The House Standing Committee on Agriculture and Water Resources today launched a new inquiry(Dec 7) into the impact on the agricultural sector of vegetation and land management policies, regulations and restrictions, and called for submissions.
The Committee’s Chairman, Rick Wilson MP, acknowledged that the impact of land management and vegetation policies can be significant on the agricultural sector.
“Bushfires, expanding land use, and hazard management can dictate the future of regional, rural and remote land areas. The Committee’s inquiry into these issues is timely, given the current and impending natural disaster probability”.
The Committee will be inquiring into these impacts, with particular regard to:
- Past and current practices of land and vegetation management by the agricultural sector and regional industries;
- The science behind activities such as back burning, clearing and rehabilitation;
- The economic impact of vegetation and land management policies, regulations and restrictions;
- The impact of severe fires on the agricultural landscape, agricultural production and industry in regional, rural and remote areas;
- Factors that contribute to fire risk in regional, rural and remote areas; and
- The role the agricultural sector has in working with emergency services and forestry management officials in managing fire risk.
The Committee will be accepting submissions until Friday 25 January 2019.
Mr Rick Wilson MP (O’Connor, WA), Chairman of the Agriculture and Water Resources Committee
(08) 9021 2044
For background information:
Standing Committee on Agriculture and Water Resources
(02) 6277 4500, firstname.lastname@example.org
KAP Leader and Federal Member for Kennedy Bob Katter slammed the Government on foreign ownership in Parliament yesterday asking if there will be a new regime to stop selling Australia, or is it business as usual, Australia for sale?
Tensions mounted as Mr Katter listed the major foreign owned or run companies, stating that free trade means jobs exported, cheap labour imported.
“The biggest farm in Australia ‘Van Diemen’s dairys’ is 0wned by China, the 2nd biggest ‘Cubbie’ owned by China, the biggest grain farms ‘Nicoletti’ owned by China, biggest farming aggregation ‘Kidmans’ controlled by China, the biggest of all, ‘Ord stage 2 & 3’ owned by China, Australia’s most strategic port, Darwin owned by China, Taxi Hire industry Uber foreign owned, the car manufacturing, glass, textiles, petrol, whitegoods – all gone overseas,” Mr Katter said.
“What has free trade done for us? It gave away the entire coal seam gas reserves of this nation; $23 billion a year was given away. We gave it away for six cents a gigajoule and we bought it back for $16 a gigajoule. In fact, it is cheaper to buy Australian gas in Tokyo and bring it back to Australia than to actually buy it in Australia. That was a magnificent free-trade deal.
“We freed up the wool industry–oh, what a magical achievement; it is now costing the nation $16 billion a year. Ethanol: ‘Oh, we must have a level playing field; we must have a free market.’ So while Brazil produces ethanol and provides a $4 billion cross subsidy to its sugar industry, we’re ‘free trading’, so we import $23 billion worth of petrol every year instead of producing one litre of petrol of our own, which, of course, we could do tomorrow with ethanol.
“Oh, and we wiped out the entire manufacturing industry of Australia. The car industry alone was $25 million a year. Just in coal seam gas, wool, ethanol and motor vehicles, we have lost $40, $50, $60, $70 billion in just five items.
“Do we have a new regime that won’t continue to sell off Australia, or is it business as usual – Australia for sale?” Mr Katter said.
State KAP Leader Robbie Katter has called on the Queensland Attorney-General to refer Premier Annastacia Palaszczuk to the Director of Public Prosecutions over her sacking of KAP staff last month.
Mr Katter’s calls preceded news that Labor had this week used its numbers in Parliament to vote down an LNP motion that would see a special committee established to investigate the Premier’s behaviour.
Mr Katter said the objectivity of the Ethics Committee that the Premier had been referred to had huge questions around it.
“Both major parties are compromised in this process, but particularly the Labor Party as each Labor MP on the Committee will be investigating their boss,” Mr Katter said.
“We’d be naïve to think that they won’t have that in the back of their mind when making recommendations.
“It’s vitally important that the Ethics Committee seeks impartial and independent advice from experts about the case.
“The CCC has said the Premier has breached the Criminal Code – if that doesn’t require significant punishment under our parliamentary standards I don’t know what does.”
A report handed down by the Queensland Crime and Corruption Commission on September 27 found there was “prime facie” evidence the Premier had breached the Criminal Code by using the funding she had granted the KAP as leverage to influence the minor party.
Mr Katter said there was now great public pressure on the government to uphold the integrity of the Queensland Parliament, and that it was vital for the Attorney-General Yvette D’Ath to step in.
“The Director of Public Prosecutions has two tests to consider when taking on a prosecution,” he said.
“1. Is there sufficient evidence? The head of the CCC has said that there is a prima facie breach of the Criminal Code.
“2. Does the public interest require prosecution? The individual occupying the highest office in the state has acted illegally. If this isn’t in the public interest, I’m not sure what is.”
Mr Katter said he was astounded by the fact the Premier had refused to stand aside while the matter was being investigated.
“We all make mistakes and we all must be held accountable for those mistakes; if the same level of standards were being applied to the Premier now as she had applied to some of those in her Cabinet, she would have stood down,” he said.
“To me, that refusal is the height of arrogance and suggests that in our Parliament, some people can get away with things while others can’t.
“Unfortunately for the State Government, I don’t think Queenslanders are very accepting of that sentiment.”
Port Arthur false flag did the damage
In 1929, the Soviet Union established gun control. From 1929 to 1953, about 20 million dissidents, unable to defend themselves, were rounded up and exterminated.
In 1911, Turkey established gun control. From 1915 to 1917, 1.5 million Armenians, unable to defend themselves, were rounded up and exterminated.
Germany established gun control in 1938 and from 1939 to 1945, a total of 13 million Jews and others who were unable to defend themselves were rounded up and exterminated.
China established gun control in 1935. From 1948 to 1952, 20 million political dissidents, unable to defend themselves were rounded up and exterminated.
Guatemala established gun control in 1964. From 1964 to 1981, 100,000 Mayan Indians, unable to defend themselves, were rounded up and exterminated.
Uganda established gun control in 1970. From 1971 to 1979, 300,000 Christians, unable to defend themselves, were rounded up and exterminated.
Cambodia established gun control in 1956. From 1975 to 1977, one million educated people, unable to defend themselves, were rounded up and exterminated.
56 million defenseless people rounded up and exterminated in the 20th Century because of gun control:
You won’t see this data on the evening news, or hear politicians disseminating this information.
Guns in the hands of honest citizens save lives and property and, yes, gun-control laws adversely affect only the law-abiding citizens.
Take note fellow Australians, before it’s too late!
The next time someone talks in favor of gun control, please remind them of this history lesson.
With guns, we are “citizens”. Without them, we are “subjects”.
During WWII the Japanese decided not to invade America because they knew most Americans were ARMED!
If you value your freedom, please spread this message to all of your friends.
-from former Senator Len Harris
Editor: Recent research shows Katter’s Australian Party is the only political party in the country which supports the abolishment of long arms registration and no restrictions on ammo sales.
Letter to the Editor
Liberal Member for Warrego urges ALP mates to remove Katter’s staff
The ongoing lies of Ann Leahy must be addressed. The Member for Warrego goes on like a broken record with her false claims the KAP preferenced Labor over the LNP at the last election. A simple fact check by visiting the Electoral Commission Queensland website, where all how to vote cards from the last election are recorded, puts Ann Leahy’s favourite fantasy to bed and exposes her willingness to deceive the public. Clearly the 22 LNP staff just aren’t enough when it comes to undertaking a simple fact check. I have requested a meeting with Ms Leahy so I can assist her on how to read how to vote cards.
As far as her reference to the KAP undertaking a ‘sweet heart deal’ with Labor at the previous Parliament, the Member for Warrego forgot to mention the fact the LNP also offered this so-called‘ sweet heart deal’ to the KAP. It’s also important to remember it was Peter Wellington who gave Labor government, not the KAP.
Ann Leahy receives $60,000 a year over and above her MP entitlement – for being an opposition spokeswoman. Apparently this isn’t even enough for get together facts right, but it is enough for her to spend a huge amount of time attacking the KAP rather than the government. Nice work if you can get it Ann. Being so flush with cash it would only be fair to highlight what Ms Leahy has done for her electorate and regional Queensland. Well, we all know not a single LNP member has introduced a Private Member’s Bill in this Parliament.
However, Ms Leahy did attend a hearing of an estimates committee that wasn’t her own in Brisbane and achieved…absolutely nothing. While she was busy achieving nothing in Brisbane, KAP members were out in our electorates. Of course it is a matter of record that the KAP, with support from Billy Gordon, blocked the Labor government’s vegetation management laws in the previous parliament.
Ann Leahy’s only impact on Queensland has been to ensure other regional MPs lost four staff and reduced their ability to help regional Queenslanders. The LNP’s voting record on rural issues, rather than the KAP, has been more closely aligned with the Labor Government such as the Dairy Bill, Rural Development Bank and the Budget from the previous parliament. Well done Ann, regional Queensland salutes you for all of your great work.
-Rob Katter, Member for Traeger
by Jim O’Toole in Brisbane
Queensland Labor Premier Annastacia Palaszczuk is having herself on, at the behest of the rabid, green Deputy Premier Jackie Trad thinking she can curb the growing influence of Katters Australian Party across the north by sacking their government employed staff.
One of the most mendacious media campaigns in recent years, naturally spearheaded by the left wing of the ABC, against Senator Fraser Anning and his now famous immigration speech has spectacularly backfired.
While it is a normal occurrence, Bob Katter has been mobbed by the old and young alike. It was evident at weekend functions across Shane Knuth’s state electorate of Hill and in Katters federal electorate of Kennedy, ordinary people, the quiet majority have emerged from their slumber.
Grandmothers, grandfathers, mothers, fathers and kids were lining up for photos with Katter like never before. Similarly in yet another failed attempt by the rather obnoxious socialist hosting the ABC’s Q&A, Tony Jones, Bob Katter was unable to leave the Mackay premises of the Q&A show after the program. Again he was mobbed by audience members who wanted to thank him for Anning’s speech and his contribution to the immigration debate.
As he explained to many, it was not only Anning’s call for a referendum on immigration, it was the odious reaction of the ALP/LNP duopoly which sparked life into a sleeping giant.
It is evident the Labor Party is running scared of KAP. On Sunday, in front of the ALP rent-a-crowd at a state conference, Palaszczuk promised to remove five of the KAP parliamentary staff because Robbie Katter refused to denounce Anning’s call for an immigration referendum.
It is plain to see the ALP is heavily reliant on the vote of Muslim immigrants.
In effect the not-so-smart Premier is purposely hindering the duties of an elected member which attracts three years goal under the Crimes Act 1995.
The ALP hierarchy was shocked when 75 per cent of respondents, ironically to an ABC poll said Fraser Anning should not apologise for his comments about Muslim immigration.
This sent the ALP into a frenzy and their knee-jerk reaction was to penalise KAP.
Now, most voters are not silly and older Brisbaneites should remember Annastacia’s father Henry, who was the member for the state seat of Inala for years. He even made it to Primary Industries Minister but it was no secret poor Henry was not the sharpest tack in the box.
Some scientists believe intelligence is hereditary and if so Annastacia missed the boat.
The bite she hasn’t seem coming will be from her ambitious deputy, Trad, who has made it known on several occasions, she wants the top job.
When the house comes tumbling down, Comrade Trad will pounce.
The ABC, setting the Marxist agenda for aspiring Communist politicians from all sides, targeted a completely innocuous phrase in Annings hallmark speech, trying to foment hate among middle eastern Muslims in Australia.
Fraser said in his revered speech: “We should go back to that and ban ALL immigrants receiving welfare for the first five years after they arrive.
“The final solution to the immigration problem is of course a popular vote.”
It is this phrase ‘,…the final solution…’ which the perfidious ABC, ALP and LNP have taken completely out of context, likening it to Hitler’s so-called holocaust.
This nation building speech is so monumental and significant, it will endure for a generation among parents, children, clergy, small businessmen, teachers of truth and hopefully genuine parliamentary representatives.
It should be mandatory reading in citizenship classes in every public and private school.
Like the ALP, this lying campaign has come back to bite the ABC. Fewer and fewer viewers among a dwindling audience now disregard the ABC as the leading source of news. Gone is the mantle of respectability, neutrality and accuracy, if these attributes have existed over the past 20 years.
It seems the ABC, Guardian and Fairfax have modelled their news gathering and dissemination on that of US fake news channel CNN.
If we had a leader unafraid of Murdoch, Fairfax and the ABC and astute as Donald Trump these insidious news agencies would be shut down, their monopolies broken up and smaller, reliable news sources would fall into place.
Suggestions in the past by former Prime Minister Tony Abbott to defund the ABC and remove its egregious snout from the public trough, were the predisposing cause of his downfall.
Today KAP sought legal advice and if successful Trad will be top dog sooner rather than later.