RBA Independence or should that be spelt “dance…” was one issue discussed during the Senate Economics Legislation Committee on Thursday 15th February 2024.
Senators Nick McKim and Gerard Rennick quiz RBA Governor Michelle Bullock during the hearings. Highly relevant given the current proposed legislation to remove Government oversight of their activities.
Segments on other issues will follow. Here is the link to the full hearing (1:30:00) https://www.aph.gov.au/News_and_Events/Watch_Read_Listen/ParlView/video/2174307
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Go to the Walk The World Universe at https://walktheworld.com.au/
A final 2023 chat with Robbie Barwick from the Australian Citizens Party. We look at the RBA’s latest outing on cash usage, the Senate review of the RBA’s independence bill, and the formation of a National Investment entity.
On 7 December 2023, the Senate referred the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023 [Provisions] to the Senate Economics Legislation Committee for inquiry and report by 21 March 2024.
The critical issue is that the Treasurer is walking back Government’s power to intervene with RBA decisions if they do not agree. This power was put into the constitution years ago but has never been used.
Without it, the Technocrats will be able to take over, and follow the lead of the Bank For International settlements, to the potential disadvantage of ordinary Australians and businesses.
Make a submission to make the case for this power to be retained! The closing date for submissions to this inquiry is 2 February 2024.
On 7 December 2023, the Senate referred the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023 [Provisions] to the Senate Economics Legislation Committee for inquiry and report by 21 March 2024.
The critical issue is that the Treasurer is walking back Government’s power to intervene with RBA decisions if they do not agree. This power was put into the constitution years ago but has never been used.
Without it, the Technocrats will be able to take over, and follow the lead of the Bank For International settlements, to the potential disadvantage of ordinary Australians and businesses.
Make a submission to make the case for this power to be retained! The closing date for submissions to this inquiry is 2 February 2024.
I caught up with Robbie Barwick from the Australian Citizens Party to review the recent hearings into Regional Bank Branch closures, and more broadly about the progress made this year.
We look at the underlying issues which have been brought to the surface through the inquiry, and consider what happens next.
And here is the link to the paper which was discussed in the hearings: https://citizensparty.org.au/sites/default/files/2022-06/aust-hamiltonian-credit.pdf
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
A Significant Year Of Breakthroughs... With Robbie Barwick!
More evidence from the Senate last week, concerning the impact of bank branch closures. The Small Business Ombudsman calls out what is wrong with the current system, and why small business is being degraded. He makes a strong case for significant change!
This is the fourth segment following the recent hearings in Canberra in the Senate Rural and Regional Affairs and Transport References Committee, on Friday 1st December 2023 and relating to bank branch closures.
More evidence from the Senate last week, concerning the impact of bank branch closures. The Small Business Ombudsman calls out what is wrong with the current system, and why small business is being degraded. He makes a strong case for significant change!
This is the fourth segment following the recent hearings in Canberra in the Senate Rural and Regional Affairs and Transport References Committee, on Friday 1st December 2023 and relating to bank branch closures.
This is the third in a series of posts following the recent hearings in Canberra as the Senate Rural and Regional Affairs and Transport References Committee heard from Dale Webster, from The Regional. She and I wrote to the Committee to get this inquiry up and running.
On Friday 1st December 2023 the Senate took evidence in Canberra relating to bank branch closures.
This is the second in a series of posts following the recent hearings in Canberra as the Senate Rural and Regional Affairs and Transport References Committee heard from Robbie Barwick and co who presented the case for a public bank.
On Friday 1st December 2023 the Senate took evidence in Canberra relating to bank branch closures.
On Friday 1st December 2023 the Senate took evidence in Canberra relating to bank branch closures. This is the first of a series of posts which presents some of the important evidence, as the Senate Rural and Regional Affairs and Transport References Committee heard from the Licenced Post Office Group (LPO).
Following the Optus outage this week, the Senate has launched an Inquiry into the issue and impact. One element to the fore was the lack of access to cash thanks to recent bank branch and ATM closures and some businesses choosing to go digital only. Useless when the network or power goes out.
So we need to make sure the Government hears from us about the essential utility of cash, and that they need to legislate to protect access and acceptance of it.
So make a submission to the current inquiry, deadline for which is 17th November.
Use your voice to make sure our elected officials get the message. Access to cash is a requirement, and it needs to be protected – as a safeguard to democracy!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
