Category Archives: KAP
North Queensland would become a state in its own right if a referendum on the issue was held today, exclusive polling conducted by ReachTEL in Townsville has revealed.
The poll, commissioned by Katter’s Australian Party, has revealed almost 36 per cent of Townsvillians “strongly agree” with the push for a North Queensland to secede from the state’s south while 21 per cent “agree”.
Around 17 per cent of people are indifferent, while collectively 26 per cent “disagree” or “strongly disagree”.
The poll, conducted in late September, surveyed around 350 locals across the state electorate of Mundingburra.
Buoyed by the results, KAP Leader and Traeger MP Robbie Katter has announced his party’s plans to push for a referendum within six months of the next parliament on whether the North should take control of its future and officially separate from the south.
The referendum question would be posed to North Queenslanders only, with the boundary to be drawn strategically alongside the Tropic of Capricorn (north of Rockhampton).
Mr. Katter said it was clear the only way North Queensland would get a fair go was for us to be able to determine our own future.
“By definition, a referendum is direct democracy in action and that is 100 per cent consistent with what we are setting out to achieve here,” he said.
“And the LNP and Labor are afraid of even letting us have a vote to decide our future.’”
Mr Katter said people in the North should not be surprised at the determination of the LNP and Labor to prevent North Queensland from having a vote its future.
They are constantly looking over their shoulders to butter up to Brisbane’s inner suburbs regardless of the effect on regional Queensland,” Mr Katter said.
“”You only have to look at the LNP’s decision to preference the Greens in every seat, all the key decision makers in the public service sitting in Brisbane issuing instructions about how we should live our lives and run our businesses, Labor’s and the LNP’s spending billions on more road systems around Brisbane, but putting upgrading the Bruce Highway on the ‘sometime/maybe’ system and the LNP’s and Labor’s willingness to spend millions on an Olympic Games bid but not being able to find money for dialysis machines in North Queensland.”
In September, 2016 the LNP voted with Labor to oppose the KAP in a motion to establish of a separate state of North Queensland.
Again in March, 2018 the LNP and Labor even opposed a KAP proposal to conduct a $250,000 feasibility study into how much it would cost to divide Queensland into two separate states.
But Mr Katter said the major parties’ blatant disregard of the proposal was now being drowned out by a growing tide of support from both Queenslanders and Independent MPs.
Last month, Independent MP Jason Costigan backflipped on his previous dismissal of the plan and pledged his support for a North Queensland state.
The KAP labelled the Mr Costigan’s moves as the height of hypocrisy considering the Whitsunday MP’s history of helping to block the KAP’s past attempt to fund a feasibility study when he was a member of the LNP.
Then, The Courier Mail released its Your Say 2020 survey results showing almost half of North Queensland respondents expected a split between the north and the south within three decades. 
Mr Katter said finally holding referendum on the issue was the key first step in understanding what was the best future for North Queensland.
“We know that while there has been a push for North Queensland statehood since before federation, but the Queensland Government is controlled by Brisbane and therefore has always refused us this chance,” he said.
“They have everything to lose by separating, but we in the North have everything to gain.”
LAST month, the Gudang/Yadhaykenu Aboriginal Corporation took tenure of 211 ha of land in Cape York, including the abandoned Pajinka Resort and it is reported that Chinese investors are negotiating with the Traditional Owners to purchase the land.
KAP Federal Member for Kennedy Bob Katter shares the concerns of Northern Peninsula Area Mayor, Eddie Newman, that a takeover of the resort by offshore Chinese investors would lead to a dire situation for the Traditional Owners, and would be a major national security threat for Australia.
“I have been reliably informed that Chinese buyers have visited the northern tip of Cape York on at least two occasions to inspect the abandoned resort, with a particular interest in photographing the northern rugged coastline,” Mr Katter said.
“Concerns raised by Mayor Eddie Newman are that due to no consultation there has been no safeguards for local jobs and no reassurance that the profits will actually go back into the local community.”
Options for rebuilding the resort will be discussed at the Gudang/Yadhaykenu Aboriginal Corporation’s annual general meeting tomorrow, Friday December 6.
“Why would they want the most northern point of Australia? The closest point to Papua New Guinea,” asked Mr Katter.
“There are numerous questions here and I would think the answers are pretty ugly.”
Mr Katter has taken the step of meeting with Home Affairs Minister, Peter Dutton, who has the power to block such foreign investment if it were to proceed.
“Losing control of the Torres Straits would be a national security disaster,” Mr Katter said.
“They’ve already handed over the Port of Darwin and given away the Ord in Western Australia. Almost every big cattle aggregation is foreign owned.
“The defence and security of this nation is precipitation for extreme anger in the United States and, infinitely more importantly, for every Australian who is just simply fed up with watching day after day the sell off of their country.
“The suits are parading around saying isn’t this foreign investment marvellous, but one day they’ll wake up in
a country that isn’t their own.”
2 April 2019: KAP Leader and Federal Member for Kennedy Bob Katter has commented on the 2019/20 budget.
- Budget surplus of $7.1 bn
General Budget comments:
“For the first time in 30 years our Government has committed to building dams and we praise all of the people that have fought the great battle to secure this wonderful breakthrough”.
“Government is reduced to arguing that some people should get more, some should get less.
“KAP we want to make the cake bigger so everyone gets more,” Mr Katter said.
- NQ Water Infrastructure Authority – establish 12 March 2019 (roll out Hells Gates Dam, HIPCO, Big Rocks Weir)
“This authority streamlines and overrides hurdles we’ve been made to jump through for the past 30 years.”
- $11.6m Mareeba Dimbulah Water Supply Scheme
“This is much needed and long overdue but we must go after with aggression. The North Australia Development Fund for the North Johnstone Transfer, the Upper Mitchell Dam, realignment of the Tully Hydro Penstock. Hell’s Gates Dam will supply almost all of North Qld’s baseload power, the Tully hydro realignment will provide all of North Qld’s peak load requirements.”
- $54m for Big Rocks Weir and Hell’s Gates
- $180m for Hughenden Irrigation Scheme (HIPCO)
“This is the culmination of a journey which started when my father took me, at the age of 18, to Charlie Phillott’s keyline irrigation scheme.
“The great battle for Bradfield, which we won, but then we watched within a year both the much maligned and greatest ever Bjelke Petersen Qld Government and the Malcolm Fraser Government both go down 11 months later.
“Hughenden will change the world as we know it. It is a template for 17 other schemes in North Qld and five in Northern Territory’s Western Gulf”
- $100bn over next decade
- $380m Townsville area
- Constructing stadium
- Port Channel Capacity Upgrade
- Preserving the Townsville Eastern Access Rail Corridor
“My great grandfather paid for the original two cranes which created Port of Townsville. He did get repaid later. This is a welcome initiative and will mostly benefit the North West area.
“The upgrades to the railway line – that line is there to service Mt Isa – fertiliser, copper, silver, lead and zinc. The major beneficiary is my homeland.”
- Roads of Strategic Importance – $50m Cairns to Northern Territory border, $200m Tennant Creek to Townsville
- $2.2bn for Safer Roads
“The notorious Feluga intersection and the Silkwood Kurrimine intersections on the Bruce Highway are in urgent need of funding. Whilst it is not notorious, the Mareeba bypass is vital.
“We are going after these projects with super aggression.”
- $1bn to improve freight routes and access to ports
“I’m thinking very strongly in terms of Normanton, which is out for 1-2 months of the year at the present moment with flooding; and which will become over the next three years the major live cattle port export terminal in Australia.
- $100m over four years to 2022-23 for regional airports
“Innisfail’s Mundoo Airport must be shortlisted for assistance. Through cyclones and flooding, it’s the only all-weather airport for the 80,000 people between Townsville and Cairns”.
- $2.2bn to fix blackspots, ageing bridges and funding to Councils for roads.
“It’s absolutely vital. I deeply regret that, except for the Mulgrave River Bridge, almost every bridge in Kennedy would fit into this category”.
- Another $200m for the fourth round of Building Betters Regions Fund
“We have got money under this fund before. It is the ‘big key’ to the water development in Georgetown, Normanton and the Mid-West, Cloncurry and back to Hughenden which we vitally need.”
- $150,000 for Kennedy through the Stronger Community Program
- $272m over four years for the Regional Growth Fund
- $6.3bn drought support
- $3.3bn flood support
- Establishing the Future Drought Fund
- NQ Livestock Industry Recovery Agency – providing long-term assistance, including $1.7bn low-interest loans.
- $3.9bn Emergency Response Fund
- Income tax exemption for qualifying grants made to producers, small businesses and non-profit organisations affected by NQ floods
- $4.3m from 2019-20 to improve and maintain National Drought Map
- Funding for schools in flood-affected areas
- Additional $3m mental health services for flood-affected people in North and Western Queensland
- One-off payment of $1,000 to students who between 25 January and 14 February 2019 received a qualifying payment and whose parental home is in the local government areas of Burdekin, Burke, Carpentaria, Cloncurry, Douglas, Flinders, Hinchinbrook, McKinlay, Richmond, Townsville or Winton. NB Qualifying payments are Assistance for Isolated Children Basic Boarding Allowance, Assistance for Isolated Children Second Home Allowance, Assistance for Isolated Children Distance Education Allowance, Abstudy school fees. This will be paid by 23 April 2019.
- $300m for two grant programs for restocking where farmers can access up to $400,000 to rebuild and restock.
- $5m over five years as part of $10m joint funded program with Queensland Government to tackle prickly acacia.
- $5m grant to the CWA to provide financial assistance’
“The prickly acacia has taken over one million of the five million hectares in the Mid-Western Gulf plains country. There’s controversy as to whether it’s an advantage or a weed and I’ve got to say that the ubiquitous nature of the tree, with no leaves for most of the year, I’m afraid on the other side of the fence, and I’m tremendously pleased at this money.
“Low Interest Loans– my rage at the current proposal, and I don’t want to pre-empt further discussions with Shane Stone, CEO of the NQ Livestock Industry Recovery Agency, but currently the scheme rescued the banks from their bad debt and imposes extra debt burden upon farmers.
“Banks wrote off their bad debts; under the current proposal, the banks’ bad debts have been removed and the farmers have been given an extra debt burden. That was no solution except for the banks.
$300m restocking: “This is much better – actual grants.”
- No Queensland funding for remote housing.
“The removal of the housing scheme is disastrous. Probably ¾ of the houses have an occupancy of 10-15 people in a house designed for 4-5 people. Desperately we need to recreate the housing scheme of the 80s utilising work for dole labour, exclusively local Indigenous labour, and give title deeds.
Bureau of Meteorology
- $77.2m over 23 years from 2019-20 to improve radar coverage in regional areas (including between Charters Towers and Hughenden, Burdekin and Flinders region rain gauges)
“This is vital because we did not have detailed rain gauges in 74-75 floods, in the upper flinders we were caught totally ambushed. Massive flooding did untold destruction; we didn’t know it was coming.”
- $137.8m over five years additional biosecurity funding
- $9.2m for yellow crazy ant
“Fantastically good news because we’ve raised repeatedly the issue of crazy ants.
“Biosecurity is essential, we have had constant breakdowns in quarantine, while most attributable to ‘free market’ policies, that just makes our case stronger for quarantine bolstering up.
Jobs and skills
- $525m skills package
- Create 80,000 new apprenticeships
- Double incentive payments to employers to $8,000 per placement
- New apprentices receive $2,000 incentive payment
- Ten new training hubs
- $62m to boost literacy, numeracy and digital skills
“We desperately need that (the $8,000 for employers for placements). We have numerous people in the mining industry at Mt Isa where the training skills have disappeared. Where there were 720 apprenticeships at MIMs there would be flat out being 2-3 dozen now (not entirely MIM’s fault). We would plead that the slipways, auto electricians, sugar mills, most of all our mining operations and Councils – they will benefit from this and we plead with them to take this money for NQ.
- $9bn for science research technology
- $20bn Medical Research Future Fund (previously announced)
“Medical research is one of the areas in Australia that is almost holding its own. I think it’s laudable that the government is concentrating on it.
- $80bn spend on healthcare
- $160m to improve Indigenous health
- $60m for James Cook University Tropical Enterprise Centre in Queensland to become Centre of Excellence in Tropical Medicine
- Upgrading Townsville Hospital
- Medicare Benefits Schedule, including diagnostic imaging for breast cancer and heart health checks
- $461m for youth mental health and suicide prevention
- 30 new Headspace centres
- Increased support for Indigenous youth
- Treatment for early psychosis
- Perinatal mental health
- Extra counselling for communities that have suffered natural disasters
- Increasing Breast Screen Australia from women aged 50-69 to 50-74
- $21.7m in 2019-20 for dental services in Queensland
- Heart of Australia, $12m three-year partnership providing mobile cardiology services. Heart of Australia will have two ‘Heart Buses’ on the road providing a number of health services on a fortnightly basis including gynaecology, neurology and endocrinology to residents of 16 towns including Dalby, Goondiwindi, Stanthorpe, St George, Charleville, Quilpie, Roma, Cloncurry, Emerald, Barcaldine, Blackall, Longreach, Winton, Hughenden, Charters Towers, Moranbah, Richmond, Weipa, Cooktown, Sarina, Palm island, Biloela, Childers, Proserpine and Ayr.
“This service saves the lives of those in the bush who would not otherwise access heart related services.
“You are twice as likely to die of heart issues if you live in the bush. The work that this organisation is doing could be described as work by the Good Lord himself.”
- $550m over five years from 2017-18 to strengthen rural, regional and remote health outcomes, in particular creating a new junior training doctor program to support training in rural settings
- Additional $84.1m over four years from 2018-19 for the RFDS to increase dental care, mental health and emergency aeromedical services.
- $8.2m over four years from 2018-19 to improve access to maternity services for women in rural and remote areas.
- $793.9m over four years from 2018-19 for the rural health and multidisciplinary health program to encourage recruitment and retention of health professionals in rural and remote Australia.
“We are deeply appreciative but I don’t think that is going to get us where we need to be. There is an extra 100 places at JCU Medical School and we need an extra $150,000 to be paid to doctors serving in private practice in towns in NQ, and public-private practice in these towns as well.
“But the government’s efforts are laudable but we just need change of direction.
- 10,000 new home care packages
- Additional financial support for residential care (capital works with a focus on regions)
“There are 2,500 people that need to go into aged care centres and we probably have less than 200 beds – an appalling shortfall.
“The home care program actually came out of the Mid-West. The pilot program started in Richmond and Hughenden and we pay those great pioneers a tribute today, as we see the full flowering of their work.
“Meals on Wheels needs assistance – less regulation and more assistance.
- $84m for carer respite
“One of best initiatives by Government in the last 30 years.
- One-off energy assistance payment (for pensioners) – $75/singles, $125/couples
- $10m detailed evaluation feasibility projects in North and Central Queensland
“All we want is the freedom to revert to use our balance of power to secure ‘operating cost only’ for electricity. Currently $2,500 per year per household, will be reduced to under $700.
“The silly nature of solar panels and subsidies and the ‘save the planet brigade’ and the most outrageous profiteering by the State Government – takes it up to costs of $3000m a year in what is just a secret tax and falls part heavily on families young families and our retirees. These are the last people on the planet that you should be taxing.
- $300bn to schools, an increase of 63 per cent
- Local school community program
- New scholarship program – 1,000 students a year to study in regional Australia
- $453m to extend pre-school education
- $9.8m over four years for non-government distance education schools
- Tax cuts for low and middle income-earners:
- For taxpayers earning up to $126,000/year (better off each year – single income $1,080, families with dual income $2,160).
- More than 10 million Australians will benefit. 4.5m will receive the full tax cut. To start 1 July 2019.
- Decreasing tax rate 32.5 per cent to 30 per cent from 1 July 2024 – 94 per cent of taxpayers will pay no more than 30 cents in the dollar.
“Government is reduced to arguing that some people should get more, some should get less.
“KAP we want to make the cake bigger so everyone gets more.
- Cut tax to 25 per cent
- New $2bn fund
- Instant asset write-off increased and expanded from $25,000 to $30,000 for businesses with turnover of up to $50 million
“Don’t want to denigrate benefits but it’s not about micro rearrangements. The emphasis is shallow to say the least.
Banking royal commission
- $600 million for ASIC and APRA to implement royal commission findings
“I am sickened by that proposal. They are two of the most disgraceful institutions I have ever dealt with in my 50 years of political life. I can give case after case where they have failed to act.
“What they do with their time nobody knows.
“To think they’re still there and getting money I find sickening.
- Banning excessive credit card surcharges
- Protecting retirement savings from undue erosion from inappropriate insurance premiums and excessive fees
- Establishing the Australian Financial Complaints Authority
- Establishing a compensation scheme of last resort
- Significantly broadening and increasing civil penalties
- Increasing ASIC’s and APRA’s powers
- Requiring mortgage brokers to work in best interests of their clients
Mistreatment of people with a disability royal commission
- Half a billion dollars for royal commission into the mistreatment of people with a disability
- $60m increase to export marketing development grants
- $29.4m over four years to enhance agricultural exports and trade
Multinational tax avoidance
- Crackdown to raise $12bn.
That the government would crack down on multinationals: “I believe in the tooth fairy and that the abominable snowman comes from Bedourie.”
- $3.5bn Climate Solutions package ($2bn to go to working with farmers and Indigenous communities)
- $100m Environmental Restoration Fund to improve water quality and erosion
- $3.1m in 2019-20 in Queensland for critical threats such as feral animals and weeds in world heritage areas
- $150,000 for Kennedy for the Communities Environment Program for community-based groups
“Pig numbers in North Queensland are currently at 10.5 million. This figure explodes to 25 million within six years without adequate management.
“The cassowary, the symbol of NQ, is doomed; the eggs are taken by the pigs. The turtles are doomed; eggs laid on the beach are now being totally taken by the pigs. The Julia Creek dunnart, Australia’s most endangered species, cannot survive the pigs. In part or overwhelmingly the turbidity impacting the Great Barrier Reef has to be coming from the pigs.
“Nothing is being done by the Government to oppress the pigs at all.
“There has to be serious money put forward here, although with proper licencing, we don’t need much money at all. The young blokes will go out hunting, but I will be the first to say it has to be tightly controlled in terms of days and areas, so we have complete security,”
- $328 m for women’s safety
- $82.2m for frontline services for women and children
- $78.4m to provide safe places for people impacted by family and domestic violence
- $68.3m for domestic and family violence prevention
- $64m for counselling services
- $35m for support and prevention strategies for First Australians
- Safer Communities Fund for religious organisations
- Funding to prevent bullying
- Expanding the cashless debit card
- $337m for drug strategy
- $20.1m over four years from 1 July 2020 to expand no-interest loans of up to $1,500 for women experiencing family and domestic violence.
- $680m to support service men and women deployed overseas.
- Joint agreement on a comprehensive strategic partnership between Australia and Singapore through the Australia-Singapore Military Training Initiative – 14,000 Singapore armed forces unilateral training for up to 18 weeks annually. One of the two sites in Greenvale. Singapore Government will provide $2.25bn, providing an estimated $50m spent in Queensland annually during construction. Construction will commence in third quarter of 2019.
- Extending the Farm Household Allowance (forced sale of livestock will be exempt from the income test)
- $8.7m over 11 years to set up mandatory code of conduct for dairy industry
- $1.9m to develop national agriculture workforce strategy
- $24.6m 2019-20 in Queensland for improving cattle supply chain
- $71.7m 2019-20 for northern Australia roads – Queensland component
- $2.9m 2019-20 for national leadership for agriculture innovation
- $15m for wild dog fencing
“I can’t believe that the LNP and the Nationals not only voted against a minimum price scheme for milk but argued against it. Using arguments that would oppose any survival program for rural industries.
“Farmers everywhere else in world get 41% of their income from the government. Our farmers get nothing from the government.
“We have an artificially high dollar, propped up to nearly twice its value.
“Beef and sugar industries have been cheated out of half their incomes because of an inflated dollar. Finally on the home market you only have 2 places to sell agriculture produce to – the supermarket duopoly. And the LNP and Nationals are running around talking about codes of conduct!
- $160m for two additional rounds of the Mobile Blackspot Funding Program.
Dairy, citrus, potato, pineapple, prawn, fishing industries, motor vehicles, pulp, paper, fibre, fuel, plastics and more finished, now sugar
HINCHINBROOK MP Nick Dametto has urged the Federal Government to stand up for Australian cane farmers after India’s decision to dump millions of tonnes of subsidised sugar on the world market.
The Katter’s Australian Party (KAP) MP, whose electorate is home to a sugar industry worth more than $300 million a year, said India’s actions were a kick in the guts for local cane farmers.
“This is a disgraceful decision by India at a time when our producers are already dealing with a poor world sugar price below the cost of production,” he said.
“It is not a level playing field when India’s sugar industry is getting the equivalent of an $850 million government assistance package, including help to export their product,” he said.
Mr Dametto’s call for action was backed up by KAP leader and Federal Member for Kennedy Bob Katter who was also furious at the situation.
“Our country will not survive continuing to be what economist Trevor Sykes called the “only virgin in the brothel,” Mr Katter said.
“Most of my last speeches in Parliament have been what I’ve hoped are fierce attacks upon the hypocrisy of free trade; upon our industry representative organisations particularly in agriculture.
All we’ve got out of these bodies in Canberra is a clapping of hands for every free trade deal.
“What country on earth free trades?”
Mr Katter also cast doubt on the willingness of industrial countries like China or India to be transparent when it came to playing by the rules on free trade.
“Does anyone seriously believe that China or India free trade?” he said.
“The damage done by deregulation has been colossal. The damage was done by national Liberal governments. The National Competition Policy was forced upon the states by the Federal Government. I know this because I was then in that Federal Government and this was one of the major reasons I left.
“Before deregulation, the sugar producer was receiving $473 a tonne and the price to the consumer was $1040 a tonne (104c per/kg). A mark-up of around 100 per cent.
The “current price” to the producer is $317 per tonne and the price on the shelf is $1750 per tonne ($1.75 per/kg). That’s nearly a 600 per cent mark up.
“The supermarket chains have said “thank you, we love you Mr Government. You have enabled us now to charge the consumers a 600 per cent mark-up instead of a 100 percent mark-up”.
“American farmers get paid for sugar around $600 a tonne, French farmers’ $700 tonne, Thailand farmers around $450 a tonne, and Australian farmers, $317 a tonne. We have the most poorly paid sugar farmers in the world and that is the outcome of government free-market policies.
Mr Katter said free trade had ravaged multiple agricultural industries in Australia, pointing to the US Free Trade Agreement as an example.
“The American free trade deal was about dairy, beef and sugar. The value to dairying was quoted as one free ice-cream a week for each farmer. The cattle industry has always had a fairly good deal on access and the sugar industry was wiped like a dirty rag. It got nothing.
“Mark Vaile, the then National Party Minister for Trade, said before a negotiations started, “There would be no deal unless sugar was included”. To call anyone in the National Party a liar is not really correct, they are actually jokes. They are not the beer in the bottle; they’re the label that tells you how good the beer is.
“When Tony Abbott rose to his feet to congratulate Andrew Robb on securing the free trade deal with China, all the Liberals and their flunkies – the Nationals – stood up and gave a standing ovation. I said to the MP next door to me, “Abbott just wrote his own death warrant”.
“A couple of months later, he was gone.
“What they don’t tell you on beef, is yes, you can get beef into the US free of tariffs (around two per cent), but the USA beef subsidy is around 30 per cent. Under the Free Trade Agreement, it stays.
“The subsidy in India on ‘fertiliser alone’ was, when I last looked, $2.3 billion a year. The Indians believe in cheap food for their people, and quite rightly so. The ALP and LNP believe in free trade – yeah, for the supermarket giants.
“But clearly not in cheap food for the people.”
The federal Member for Kennedy Bob Katter on June 25 introduced a private member’s bill into the Australian Parliament to protect the economy and bank customers from dangerous financial speculation and predatory banking.
The Banking System Reform (Separation of Banks) Bill 2018 is based on the USA’s successful Glass-Steagall Act. It will separate Australia’s commercial banks, which hold deposits, from risky investment banking, as well as other financial services that Australia’s banks have acquired in recent decades, including insurance, superannuation, wealth management, and stock broking.
The ongoing Financial Services Royal Commission, which Bob Katter led the political fight to establish, has laid bare the predatory banking practices that the bill will end. The revelations from the royal commission have been so dramatic that it has attracted global attention, and kindled fear in the City of London that Australia’s inquiry could lead to a renewed push to break up Britain’s too-big-to-fail banks.
Katter excoriated Australian banking in a passionate speech introducing his bill. “The situation in Australia is ugly and it is evil”, he said, “and this legislation is needed to overcome those problems and what effectively it says is—‘Mr Banks you are no longer out there in the market, in the arena buying and selling. Your job is to loan to people that buy and sell, develop and invest. You don’t do that, you judge them.’”
Aside from the conflicts of interests in banking, Katter’s chief concern in moving Glass-Steagall is for the looming financial crisis arising from the banks’ speculation in real estate and derivatives. He identified the reckless speculation threatening the financial system today was also the cause of the 1929 crash, which led to the passage of the Glass-Steagall Act in 1933.
“What we’re talking about here is derivatives: when you don’t buy a loaf of bread; you buy a contract to buy a loaf of bread”, he said. “That is what we call a derivative.
“Glass-Steagall came in and it overcame the vast bulk of those problems so that the American economy ran fairly effectively, making it three, four, five times the size of any other economy on earth, until Mr Bill Clinton, ‘Mr Free Markets’ himself. … In 1999, he abolished the Glass-Steagall Act. Within two years, the dot-com collapse occurred, taking down trillions of dollars of savings, superannuation and retirement moneys of Americans and the rest of the world, and in 2008, as we’re all familiar with, came the GFC.
“Clearly, that timeline indicates the necessity for Glass-Steagall legislation in this place.”
The most immediate danger for Australia, Katter emphasised, is from the bubble in the real estate market.
“The housing boom in Australia today—does anyone seriously think that we are not sitting on the brink of disaster?” he warned. “A quarter of Australia’s population, maybe a third, live in Newcastle, Sydney and Wollongong. The average price of a house is over $800,000. That means that 50 per cent of the houses are over that value. Yet the average income for an Australian after tax is about 50 grand a year [$50,000]. So how are they going to make the repayments on a house? And yet they’re buying houses. The banks are financing them. The banks make money when you go broke and they sell the house out from under you. They don’t lose money; they make money out of what has occurred. They should be held responsible.
“I would love to be in a business that is guaranteed by the government”, he continued. “If I buy a corner store and I know that, if I go broke, the government’s going to give me the money, everyone will be buying corner stores in Australia. They are given this, but there is no responsibility placed upon their shoulders to act in a prudential manner.”
Katter singled out the team of people responsible for organising the bill, including Robert Barwick, Dr Wilson Sy, and Bob Butler. Sy is the former principal researcher at bank regulator APRA (Australian Prudential Regulation Authority). Barwick and Butler are representatives of the Citizens Electoral Council, which has led a nine-year campaign to get Glass-Steagall legislation enacted in Australia.
It is significant that on the same day as Bob Katter introduced his bill, Australia’s biggest bank CBA announced it was demerging from its wealth management businesses, as if to send the message that Glass-Steagall legislation is unnecessary because the banks are doing it voluntarily. On closer examination, however, CBA is not completely demerging from other services, and along with the other big banks it is continuing to speculate in dangerous derivatives and other forms of financial gambling. Only a strict Glass-Steagall law will end these practices, which is the intention of the Katter bill.
As a private member’s bill, Katter’s Separation of Banks Bill 2018 will only be debated if a majority of members of parliament agree to do so, which will require the support of one or the other major party. Ordinarily, the governing Liberal Party would be expected to protect the banks, but many Liberal politicians are shocked by the revelations of the royal commission and are concerned about a financial crash. And what about the Labor Party—will it block or delay Glass-Steagall the way it blocked the banking royal commission for six years, or return to its roots as champions of working people against the Money Power? It will be up to the Australian people to demand the major parties stop protecting the banks, and allow a debate and vote on Glass-Steagall.
04 June 2018: Katter’s Australian Party (KAP) today welcomed Senator Fraser Anning’s announcement that he will represent regional Queenslanders under the KAP banner in the Senate. Federal KAP leader Bob Katter and Senator Anning made the announcement during a story that aired on the ABC’s 7:30 program on Monday night.
Bob Katter, KAP Leader and Federal Member for Kennedy said his affiliation with the Senator spans generations.
“It’s fantastic news. We’re tribal, both our families were from Charters Towers before there was a Charters Towers. I have known Fraser a long time.
“Fraser is about development. I walked into his office and he was working on the revised Bradfield Scheme; so we were instantly blood brothers.
“We are both patriotic and know that if the country keeps bringing in 643,000 visa entrants then we will be bankrupt and there will be no jobs for Australians. It will push people onto welfare and we need to be able to support our retirees.”
Senator Anning has been a staunch advocate for regional Queensland in the Senate since his appointment in November 2017. Senator Anning says the KAP’s vision for Queensland and Australia aligns perfectly with his own and the decision came down to giving regional Queensland the strongest voice.
”KAP represents the traditional Australian values, commitment to infrastructure development and balanced, fiscally responsible government that I have supported since being sworn in.”
“I have known Bob for almost 40 years and we have a lot in common both personally and politically. Bob is the last cabinet minister from Sir Joh’s government still in office and founded KAP to carry on the late, Sir Joh’s legacy. As an old time National, KAP was the obvious home for me.
“Thirty years after the end of the Joh era, Queensland is in terrible shape. For thirty years there has been no real infrastructure investment other than Labor vanity projects in the South East corner.”
“As a Queensland Senator I am keen to fight and campaign for federal funds to allow for balanced development throughout the state and to ensure that crazy left-wing policies are stopped or reversed. KAP share this vision and have continue to work hard for regional Queenslanders.”
In the last Queensland Parliament for example, KAP prevented the livelihood-killing extreme Green Vegetation Management Laws being passed.”
“Coming on board with KAP, I will continue the hard work that Bob, Robbie, Shane and Nick already do in making sure that regional and rural Queenslanders get a fair go.”
“When regional Queensland prospers so does the whole state.”
The KAP has a proud history of uncompromising commitment to regional Australia. Party President Shane Paulger says Senator Anning’s decision to join the KAP is a reflection of the Party’s integrity and stability.
“As a Party, we’ve walked the hard road to earn our reputation for putting regional Australia first. Fraser’s decision to join KAP goes beyond an alignment of policy objectives; it reflects the effort of all our members and staff who have built a stable organisation on shared values and principles.
“Having Fraser on board is recognition of the Party’s integrity and it undoubtedly strengthens our position as the true advocates for regional Australia”
State KAP leader and member for Traeger Robbie Katter, says KAP has been able to strengthen its position in regional Queensland after years of neglect and broken promises by other parties. He welcomes Senator Anning and says it is a huge step forward for the Party.
“Regional Queenslanders have very little reason to trust major parties. They’ve been completely duplicitous in their representation and they’ve continually shown that they put regional Queenslanders behind people in the South East.
“The National Party no longer exists after being subsumed by the Libs and there’s no difference between Labor and the Greens. The KAP wants to expand its parliamentary representation to people across all of regional Queensland, and with Fraser coming on board it is a huge step toward that.”
KAP will continue to uphold traditional Australian values and pursue significant reforms that favour all Queenslanders.
KAP will ensure that the regional centres that drive the state receive the critically needed investment in transport, water and energy infrastructure that they have missed out on for so long.
When regional and rural Queensland prospers, so does the whole state.
by Gil Hanrahan, editor-at-large
Queensland farmers want to stick to their guns but the Labor infested public service has refused several hundred handgun licence renewals over the past 18 months causing many cases of animal cruelty.
Farmers need handguns, which have been a part of their tools-of-trade since the first sheep and cattle were offloaded at Botany Bay in 1788.
But the socialist Queensland Labor Party is denying them a licence to carry one even if a farmer has been licenced for 20 or more years without incident or a change in circumstances.
Should a farmer find a cow with a dead calf stuck in its uterus while giving birth and the cow is on its last gasp after the crows have pecked out its eyes and those of the calf, he has no option but to kill the cow. How? He is 20 klms from the house and the nearest rifle because he is on a horse or motorbike.
He could cut the cow’s throat with a pocket knife, that is if he is still allowed to carry one.
The LNP Opposition in 2011 helped outlaw pocket knives by voting with the ALP to ban them. Agforce was dead quiet about this one.
Once a farmer would take his revolver out of its holster and shoot the cow, being the most humane thing to do while appeasing the brain-dead Animals Australia and the RSPCA both of which refuse to provide midwives for Brahman cows.
There are a number of alternatives for hard-pressed farmers such as buying one of many anecdotal ‘hot’ handguns available on the black market or to inadvertently misplace the licenced pistol, which happens on occasion.
Katters Australia Party State leader Robbie Katter says he will step up the pressure on the Labor Party when Parliament resumes to force the ALP Marxists to instruct the Weapons Branch to renew all licences for farmers.Police Minister Comrade Ryan like his predecessor Captain Bill Byrne has a generational hatred of farmers as this new parliament will reveal.
There is palpable union and Labor animosity towards those on the land producing clean and green food for Queenslanders, which unfortunately includes the Labor Party. Agriculture will be in for a torrid time unless the KAP cross-bench can hold them at bay.
The ALP is skating on climate-changing, thin ice even though it has a two seat majority, thanks to an abundance of vote fraud and the ethnic welfare vote. Before the new parliament sits, the Member for Mulgrave and former Treasurer Curtis Pitt is about to be hauled before the powerful Ethics Committee after the LNP alleged he misled the last parliament by pushing through a sweetheart deal for the Tram and Bus Union. Pitt’s fate is up in the air.
Another alternative is for farmers to launch a Federal Court class action to lay bare the unlawful Australia Act 1986 and the alterations to the Queensland Constitution in 2001 by the political miscreant, Peter Beattie without a referendum.
Has anyone noticed since 2001 how Beattie, Bligh, Newman and Palaszczuk refer to “my government’. Does anyone remember giving the ‘government’ to an individual?
Beattie removed the Queen and installed the Premier as the new head of State for the corporate, Socialist Republic of Queensland.The legal mechanism used by the malcontent Beattie can be found in the record of proceedings in the Cairns Magistrates Court: Queensland Police –v- Walter, 2016, QP1700886562 QPS.
If farmers could actually band together for the common good just for once, the Federal Court would have little alternative but to find there is no criminal law in Queensland applying to those citizens outside of the political parties, just the common law which exists across the nation.