The Liberals and Nationals are trying every devious trick in the book to stop this banking inquiry bill from getting passed in federal parliament. Renegade LNP Member for Dawson in Central Queensland, George Christensen, confirmed today he will cross the floor to support Bob Katter who has led the charge against the unlawful and unethical conduct of banks. Every small businessman and farmer in Australia will benefit from this inquiry.
The People of Australia’s Commission of Inquiry (Banking and Financial Services) Bill 2017
The bill provides for the establishment of a Commission of Inquiry. The Bill invests the People of Australia’s’ Commission of Inquiry with the full powers of a Royal Commission as laid out in the Royal Commissions Act 1902. The Commission of Inquiry will inquire into unethical, unlawful and improper conduct in the banking, financial services and related sectors.
The purpose of the Bill is to fully expose and shine the light of public scrutiny on the unethical and unlawful conduct/practices in the banking and financial services industries and to put forward recommendations for reform.
Particular concern has been raised in relation to the conduct of service providers in the banking, superannuation, insurance and other financial services sectors.
Responding to numerous media reports, whistleblower disclosures and cases raised with Members of Parliament and Senators, there have been 37 reviews and inquiries into banking and financial services since 2010. However, none of these past reviews/inquiries have had the level of powers of a Royal Commission. These past reviews/inquiries have often not been independent, have been politicised and have had limited scopes of inquiry. This has led to little, or no, reform to the sector, nor justice for the victims. Nor has this led to the spotlighting of the malpractices, shortcomings and injustices of current financial practices.
The Commission of Inquiry will have the full powers of the Royal Commissions Act 1902 plus additional powers related to protecting whistleblowers. The Commission of Inquiry will report to the Parliament, as opposed to a Royal Commission which reports to the Executive arm of Government.
Read the documents:
Rod has achieved more to restructure the illicit banking industry in his short tenure as a senator for Western Australia than most other politicians have in a lifetime. The banks have targeted him with the aid of the political parties and sections of the judiciary. The moves made by Rodney, such as getting the High Court of Australia to admit its rules were faulty by reinstating process under the Queen and the latest manoeuvre to summons Senate President Stephen Parry and Attorney General Brandis to the High Court will force it to determine if only the senate can remove one of its members, as stated in the Commonwealth Constitution of Australia.
Please dig deep to help Rodney, he is fighting for you, your family and your property. Rod described the banks yesterday as the “biggest asset strippers in our history.” Unfortunately making a deposit into a bank account is at present the only method of getting funds to help with court costs.
Maitland Lawyers Trust Account:
From the Cairns News team across Australia, thank you.
by Robert J Lee in Canberra
Embattled Western Australia independent Senator Rodney Culleton has accused the Attorney General of “total incompetence” for referring him to the High Court to determine if he had been disqualified from entering the senate after the July 2 election.
A petition to the Federal Court from Perth businessman Dick Lester to have Senator Culleton declared bankrupt over alleged debts could only be determined by the senate.
He said the Attorney General was “out of his depth” in referring the matter to the High Court.
“Section 47 of the Commonwealth Constitution of Australia is quite plain when it says ‘until the Parliament otherwise provides, any question respecting the qualification of a senator or of a member,…. and any question of a disputed election to either House, shall be determined by the House in which the question arises.’” Senator Culleton explained.
“Quite clearly the judge was wrong in making a Sequestration Order to seize or freeze my assets especially after my lawyer told Justice Barker that sufficient funds had been deposited into his trust account to cover any alleged debt.
“The antics of Justice Michael Barker whose Court was described as a ‘circus’ by the Western Australia Newspaper and the efforts to frustrate the will of the people of Western Australia who have duly elected a Senator are matters that must now be faced by Attorney General George Brandis and the offending judge in the Senate.
“A referral to the High Court can only occur under the Electoral Act. There is no law which can refer a question like this to a court. This is a job for the Senate.
“The senate must consider Section 16 of the Parliamentary Privileges Act which brings in the Bill of Rights 1688 that guarantees jury trial and appeals to Parliament.”
Senator Culleton says he has the numbers to call the judge and Attorney General before the Bar of the senate to show cause why they should not be sacked.
Primary producers, small business and truck operators who had been gutted by the banks and lost their properties and lifetime’s work through similar court proceedings would benefit enormously from this manoeuvre, he said.
Rally heads to Canberra to tell politicians about the damage banking misconduct is causing.
On Monday Nov 21 people coming from all parts of the nation will be gathering to let politicians know that the banking system is not serving their needs. Indeed that the scandals and the corruption must be exposed and stopped. Dubbed the Tell the Truth to Turnbull Rally (#TTTRally), it promises to unleash people power in a way not seen in Australia before.
The hub of the event is Parliament House starting at noon, however people who cannot make it to Canberra can participate at the same time in front of the office of their Federal MP.
As well as victims of predatory and unconscionable lending we will be hearing from several experts regarding bank misconduct. Dr Evan Jones will be speaking as will barrister Peter King.
Dr Evan Jones – lectured in Political Economy at Sydney University between 1973 and 2006. He has assisted countless people suffering from bank inflicted poverty and desperation. He has detailed systemic and systematic abuses particularly involving NAB and CBA. Dr Jones told us that “Corruption is rampant in the finance sector. In 1980 its gross income was 5.1% of total corporate income; by 2015 it was 23.6%.”
Bank Reform Now CEO Dr Peter Brandson along with another NAB victim Dario Pappalardo and CBA victims Suzi Burge & Tanya Hargraves have worked together to organise the event.
Dr Peter Brandson founded Bank Reform Now as a response to a dispute with NAB. He wanted full compensation from the bank after it was shown they used predatory lending against a family member before the GFC. The bank thought it was funny to fully compensate a bank victim. So the rally in Canberra is the first step to see that everyone harmed by a bank is fully compensated.
Dr Brandson explains, “Insurance scams, financial planner scandals, mortgage fraud, credit card rip offs, abuses of farmers & small businesses, excessive fees and penalties are just the tip of the iceberg. Banks have been fined billions of dollars in the USA and Europe but the bankers are not jailed and the victims are not properly compensated.”
“Many people in our towns and cities have been burned but their voices have not been heard. Now they will all be heard: families, farmers, business owners. If you can get to Canberra please do so. If we don’t stand united we will continue to see unconscionable and predatory looting of the nation and its people.”
“There will be a powerful Royal Commission. Reparations will be paid by all the major banks to victims. Bankers engaged in unconscionable and predatory activities will be jailed. This is what BRN and many more of us are working toward.”
Bank Reform Now – http://www.bankreformnow.com.au/
#TTTRally Support Page – http://www.bankreformnow.com.au/tttrally
Comment from Rom Stewart
Governments or Banks? are they the one private entity?
Its not an easy thing to come to terms with, when such people that have entered into politics discover that the very government they represent are in fact subdivisions of the very banks they are trying to bring into moral control. The “COMMONWEALTH BANK OF AUSTRALIA” and the “COMMONWEALTH OF AUSTRALIA” are both registered private companies registered with the UNITED STATES SECURITIES AND EXCHANGE COMMISSION, WASHINGTON DC, District Of Columbia, being a part of the US FEDERAL RESERVE Banking System… Do the people that serve the government really serve the banks? so if banks are restricted in control, would that not just restrict the bank owned governments? … In other words, when the banks and the governments are registered to the same private banking entity, is that not a conflict of interest that many politicians may not be aware of even though the evidence is all in the public domain for all to see if they look? …
Even in relation to Grammatical Science, companies and corporations are registered in ALL UPPERCASE WRITTEN TEXT, being a text grammatically and legally known as: DOG-LATIN, (Blacks Law Dictionary, 4th Edition) being a form of “debased Latin”. (Corrupt written text) The very word: “Debased” in the English Dictionary, refers to an immoral and criminal act, rendering such a debased text to be immoral and criminal and corrupt, grammatically stating that any entity registered as a company or corporation, appearing in such a Debased Written ALL UPPERCASE Language, is telling you that they have no obligation to morality or caring about anyone but themselves… Banks and Bank owned Governments have no moral obligation to their corporate citizens, backed up by the grammatical standing of the very debased written text they stand under.
This is also backed up by the corporate QUEENSLAND constitution, Article (3) A and B. stating that a QUEENSLAND person has no rights.
Yale University in Pittsburgh P.A. produce the top world Bankers and Presidents of the UNITED STATES Corporation. Such a university teaches the Science of English, Latin and Grammar…. Latin and Grammar are no longer a part of State Government schooling… I wonder why? …
A Royal Commission to investigate banks took a step closer after two senators and two Lower House members vowed they would push the Coalition Government into establishing an inquiry as soon as possible.
Bob Katter, One Nation senators Rod Culleton and Malcolm Roberts and the ALP member for Herbert, Cathy O’Toole at a Townsville meeting on Saturday condemned current banking practices.
They agreed that for Australia to survive record bank foreclosures and business failures, the banks had to operate within the law.
Speakers believed the Coalition Government would not take any action to rein in “unlawful” banking practices which had caused multiple suicides, family break-ups and business failures around the nation.
Western Australia One Nation senator Rod Culleton slammed the record number of foreclosures describing how he too had been a victim of “dodgy” banks.
“Banks operate like organised crime,” Senator Culleton said.
“I’ve had a litany of evidence come into my office of receivers sinking the boot into their customers.
“That’s what they think about the lamb chop on their plate; enough is enough.
“The banks seem to think they are above the law because they’re unregulated, we’re going to change that.” He said if banks did not support their customers through thick and thin, he’d support the creation of a sovereign rural bank to assist farmers.
“We’re here to correct things and we’re in support of a sovereign rural bank where the beneficiaries are the people who bank with it,” he said.
“It’s important the public realise if we lose our agriculture and our rural people we will be in strife and we will lose the quality of our food.”
Member for Kennedy Bob Katter told the crowd of 50 farmers, small businessmen and home owners the banks own the Australian Government.
“Banks have the only government guaranteed business in Australia,” Mr Katter said.
“We only need one vote to get the royal commission but in 16 years no member has ever crossed the floor in Federal Parliament when it comes to banks.”
“My office has details of nearly 100 cases of banking malpractice that has ruined businesses and families.”
Supporting the One Nation senators and Mr Katter was Member for Herbert Cathy O’Toole saying she too had banking industry misbehaviour in her sights.
“We need Australians to believe they can have confidence in the banks and financial institutions that serve us,” she said.
“And we aren’t even measuring the holistic cost to the people affected in our communities.
“The first place you’d want to have a look at the additional costs is in healthcare, people’s physical, mental and emotional health has been destroyed; families have been destroyed and suicides are occurring.
“All these things have a huge impact on the social structure of community in addition to the financial impact.”
Burdekin-district sugar industry advocate Margaret Menzell agreed a royal commission was needed but warned the meeting the Australian Banking Association was gearing up for a massive publicity blitz to ward off the establishment of an inquiry.
Nine resolutions were passed by the meeting calling for the establishment of a royal commission, abolition of the arbitrary appointment of receivers by anyone, condemning the actions of government in allowing banks to act with impunity, creation of a development bank for primary and secondary industries and infrastructure, the role of police is to protect the public and then property and forbid the use of police to reinforce property repossessions, restore a grand jury system to deter corporations from engaging in unconscionable and unlawful conduct and restore compliance with Chapter 3 of the Commonwealth Constitution, property to be found disposed of unethically must be restored, the terms of reference include an investigation of the creation of credit by trading banks, a moratorium be immediately imposed on forced property sales.
All resolutions passed unanimously.
Katter called for a Royal Commission into banks a year ago, and ‘..the banks’ behaviour has become worse since then’
9 April 2016 KAP Leader and Federal Member for Kennedy has responded to the ALP’s call yesterday for a Royal Commission into misconduct in the banking and finance sector, saying this should have happened a year ago when he called for a Royal Commission on 15 May 2016: http://www.bobkatter.com.au/module/latestNews/view/535/katter-calls-for-royal-commission-into-bank-lending-practices/media-releases
Mr Katter has a proven track record in fighting the unethical banking practices on behalf of his constituents, in particular related to the rural debt crisis gripping regional Australia, following the issue being brought to his attention a rally in North-West Qld in late 2011.
For the past five years a number of cases have been raised with Mr Katter, with the most renowned being Winton grazier Charlie Phillott, 81, who was kicked off his property by ANZ Bank, but fought back and won.
Mr Katter supported him in his fight as he has many others who’ve found themselves in the same positon and reached out for help from Mr Katter’s office.
Having been inundated with stories like Charlie’s, on 15 May last year Mr Katter called for a Royal Commission into Australia’s banking and finance sector and his views haven’t changed:
“We absolutely should have a Royal Commission into the finance sector. The time has come not for a Parliamentary Inquiry, but for a public inquiry.”
“In the United States, ‘non-recourse’ lending exists. When you can’t make your repayments and the banks sell up the house, the banks can only get what the house is sold for. The banks take the loss of any shortfall.”
“In Australia, the customer takes the shortfall.”
Mr Katter is sick of the LNP’s Government’s inaction on this issue:
“And the Government is running around congratulating itself that their banking institutions are solid, yeah they are solid because in Australia because whenever the banks stuff up, the poor bloody mortgagee gets flogged. In the United States, the banks share the flogging. As they should.”
It is understood Mr Katter’s call for a Royal Commission was the first in Australia, two months prior to the Greens motion on the issue and almost a year prior to the ALP’s promises.
Robbie Katter, Chairman of the Rural Debt and Drought Committee; Facebook legend Charlie Phillott, Winton, beat the ANZ; Bob Katter; Shane Knuth, Member for Dalrymple
· The Rural Financial Roundtable followed 12 months of pressure from Mr Katter on the Federal Government and Australian financial leaders, precipitated by a rally in North-West Qld in late 2011.
· In August 2012, the then Treasurer agreed to the Roundtable following a Question without Notice in Parliament from Mr Katter.
· In October 2012 the Rural Financial Roundtable met with Acting Prime Minister/Treasurer; Agriculture Minister and key stakeholders such as farmers from across Australia, food security and economic academic experts, realtors, financial institutions, financial counsellors etc.
· In June 2013, Mr Katter introduced laws to establish within the Reserve Bank a rural reconstruction and development board to take over bad debt will ensure the sustainability of Australian agriculture and provide a lifeline to primary producers in the grip of the deepening rural debt crisis. The legislation is the result of the Rural Finance Roundtable and North West Cattlemen’s Crisis Summit.
· In June 2013 a delegation from the Rural Finance Roundtable working group met with both sides of government to present the legislation.
· Senator Madigan and Xenophon introduced legislation into the senate which mirrored Mr Katter’s original bill. The Senate Committee, with a majority ALP and LNP members refused to recommend a Reconstruction Board. Senator Madigan and Xenophon were committed to a Reconstruction Board approach.
· December 2014 – Winton ‘Last Stand’ Crisis Summit into rural debt called by Rob Katter, State Member for Mount Isa and Chaired by media commentator Alan Jones– Charlie Phillott senior becomes the face of the rural debt crisis, having been removed from his property ‘Carisbrooke’ by ANZ Bank.
· 14 May 2015 Mr Katter calls for a Royal Commission into bank’s conduct.
· September 2015 – Charters Towers Rural Debt meeting called in response to farmers cry for action.
· September 2015 – Winton grazier Charlie Phillot given back his farm and ANZ Bank CEO Mike Smith apologies for its actions to Mr Phillott to Michael Usher on Channel 9’s 60 Minutes.
Recent History – QLD
· KAP identified the Reconstruction Board as a key priority to both the ALP and LNP in the QLD 2015 Hung Parliament Negotiations.
· The Reconstruction Board is now being proposed to be introduced in Queensland and within the already existing Queensland Rural Adjustment Authority (QRAA).
· Robbie Katter, KAP State Member for Mount Isa, was appointed Chairman of the Queensland Government’s Rural Debt and Drought taskforce. A series of public hearings were conducted across Queensland and the final report will be released in the near future.
Financial experts predict there is much worse to come. They say get prepared!
The banks and governments are now trying to devise a foolproof system for street people and the unemployed to allow them access to social security payments while living on the streets. The cashless economy is on the way. A recent example of the consequences for an electronically controlled society hit home at the far northern Queensland mining town of Weipa. A green initiative of Rio Tinto is to supplement the town’s diesel-driven power generator by switching over to electricity from a large solar installation the company constructed earlier this year.
When making the switchover the solar system failed and the normal power supply shut down. Woolworths, the only food outlet at Weipa, was forced to close its doors for nearly two hours. People already in the shop were asked to leave and the doors were shut behind them. The cash registers and barcode readers could not function, the refrigeration stopped working, the lights and air conditioning failed. This is how the governments of the future will control a cashless society. When the citizens object to more and more fascist policies of the ALP and LNP, the ‘government’ will force Woolworths, Coles and the banks to drop their security shutters’, turn off the power and without cash to buy produce direct from farmers, people will starve.
If the power is turned off across the city, no EFTPOS machines can work. No cash, no food!
A meeting of more than 300 cattle producers at Charters Towers has called on the federal government to create the Australian Reconstruction and Development Board and place a moratorium on bank foreclosures before the state’s cattle industry completely collapsed.
Called by the Member for Dalrymple, Shane Knuth, the crisis meeting followed on from a similar meeting held by the Member for Mt Isa, Robbie Katter at Winton last year.
Producers demanded the federal and state governments act immediately to introduce the ARDB, modelled on the Rural Reconstruction Board of 30 years ago which was designed to absorb the “toxic” trading bank interest debt that has engulfed primary industries and to issue low interest development funds for primary producers and small business.
More than 20 resolutions were passed unanimously by the gathering of desperate and often distraught cattle producers.
While an unprecedented 80 per cent of the state is reeling under a drought declaration, producers heard how social media and 60 Minutes superstar Charlie Phillott, 81, of Winton, beat the ANZ Bank and had his property returned with a substantial settlement.
Mr Phillott’s plight has been closely monitored by the 60 Minutes television show and scored an Australian record 3.5 million hits on Toowoomba veterinarian David Pascoe’s social media site.
He urged producers to stick together when fighting questionable behaviour by the banks.
He said he had never missed a repayment but when the bank restructured his loan he was unable to manage and was eventually put off his Winton property after the bank took it over.
“All of us here owe a great deal of gratitude to Bob Katter for he saw my position and stood by me for two years ,” Mr Phillott said.
Primary Industries Minister Bill Byrne when addressing the meeting started an uproar when he said the State Government would not be building more dams because there was “no business return” from farming.
Charters Towers cattleman Mick Pemble attacked the Minister asking why he could not build dams, and “…do what everybody else in this room does and borrow the bloody money!”
“If I could make it rain I would, but our resources are finite and we are working on what can be done in the circumstances,” Mr Byrne said.
“There are amendments before Parliament and our policy is that water is critical to agriculture but the government capacity to fund such a project is limited.
“If you build dams in the city or for mining you get capital back but for agriculture you do not get capital back.
He said federal money or private investment would be needed to build dams.
Meeting chairman Shane Knuth said he was aware of highly questionable behaviour by bank-appointed receivers that had caused a lot of grief to families through no fault of their own.
He said there were many hundreds of northern producers in financial difficulties and the local industry could collapse unless the bank debt issue was resolved.
“I know some of you want to speak, and I am aware that confidentiality agreements stop you from telling us about what the receivers have done to you, but everyone is behind you and we must stop the foreclosures,” Mr Knuth said.
Burdekin farmer Max Menzell asked the Minister why police were involved when foreclosures took place adding that they should not be used by the banks and receivers as debt collectors because foreclosures were a civil matter.
The Minister strongly defended the use of police stating categorically: “That is the law.”
Mr Knuth said more meetings and what actions should be taken would be called unless the government brought the banks into line and stopped foreclosures immediately.
Member for Kennedy Bob Katter, Charlie Phillott, Member for Dalrymple Shane Knuth and Member for Mt Isa Robbie Katter.
Mr Phillott said the northern grazing industry and businesses owed Bob Katter a great deal of gratitude for giving producers a voice in dealing with banks and foreclosures.
Bob Katter addresses 300 desperate cattle producers and small businessmen at the Charters Towers Debt Summit. Resolutions passed called on the federal government to halt farm foreclosures immediately and enact the Australian Reconstruction and Development Board to absorb toxic bank debt or the northern industry could collapse.
Peter Spencer court case- Hon Bob Katter MP – Thursday 4 December 2014 – Front steps of Federal Court Sydney 184 Phillip Street, Sydney
KAP Federal Leader and Member for Kennedy
Hon. Bob Katter MP
Will address the media on THURSDAY 4 DECEMBER 2014
TIME: 9:30AM (Sydney time)
PLACE: Front steps of Federal Court Sydney 184 Phillip Street, Sydney
Mr Katter will be addressing the media on
Peter Spencer v Commonwealth – thelandmark property rights case currently before the Federal Court of Australia in Sydney.
Described as ‘bigger than Mabo’, the case has the potential to drastically affect the property rights of all Australians.
For further details or comments from Mr Katter please contact Kelly Thompson on 0418 840 243