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.
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.
We will face the crisis with aggression and unity – KAP
Charters Towers Debt Summit August 31, 2015
With less than a week until the Charters Towers Rural Crisis Summit, Member for Dalrymple Shane Knuth said he has felt a groundswell of interest.
” Since we announced that a summit would be taking place I have been fielding calls from graziers and small business owners in drought effected areas all over the state,” Mr Knuth said
“The amount of people who are getting involved in this is encouraging, the rural crisis really is the issue of our time.
Mr Knuth who will be chairman on the day with KAP member for Mount Isa Rob Katter said while the speakers at the summit will help bring context, it is a priority locals are given the opportunity to speak.
“The summit is important but the action that follows after is essential,” Mr Knuth said.
“The resolutions devised and agreed upon at the summit will form a blue print for action in rural Queensland.”
Member for Mt Isa Rob Katter who held a similar summit in Winton last year said the rural crisis committee which has since become the backbone for rural advocacy in the area.
“Less than a year on the committee has been instrumental in applying strong pressures to the government in face to face meetings, but we aren’t done yet,” Mr Katter said.
“There needs to be a stronger and more direct connection with between the cattle producers, business owners and the policy makers, we are trying to facilitate this.”
KAP Federal member for Kennedy Bob Katter who will also be part of the day has widely encouraged people from all walks of life to join to help find a solution.
Mr Katter said the current high price of cattle due to the lack of stock available isn’t a consolation for struggling farmers because they themselves have no cattle to sell.
“There are answers here, and we have got to go to those answers with aggression and unity,” he said.
“Wandering around blaming political parties quite frankly isn’t going to get us anywhere, there is a big system of power there and we must assail it on the political front, the economic front and through social media.”
Mr Katter drew reference to the story of Charlie Phillott (speaking at the summit) who’s story written by David Pascoe, went viral and became the most shared post in Australian History.
“The people of Australia are behind us, but we have got to know clearly what we want,” Mr Katter said.
“We must fight for survival.”
Final Agenda Charters Towers Rural Crisis Summit
Chaired by Shane Knuth and Robbie Katter
9:50 – Take your seats for the morning
10:00- Opening Address and Welcome Shane Knuth MP Member for Dalrymple
10:10- Andrew Jensen chairman Charter Towers Rural Crisis Committee, Committee work and goals for the day/ House keeping
10:15- Charlie Phillott face of the crisis/ Winton
10:20 – Bill Byrne MP, Minister for Agriculture Queensland Government
10.35 – Open Questions to Minister Byrne
10:50 – MORNING TEA
11.30 – Brian Egan, Aussie Helpers
11.40 – Cate Stuart, Formerly of Mount Morris Station
12:00 – Ben Rees, Australian Agriculture, the Real Story 12:15 – Dr Mark McGovern, Summing Up
12:45 – Committee Resolutions/ Other resolutions
1:30 – Bob Katter Federal Member of Kennedy, Closing address
For more information on the day please call: 0466-7 11-527