House debates

Wednesday, 27 June 2018

Questions without Notice

Banking and Financial Services

2:17 pm

Photo of Bob KatterBob Katter (Kennedy, Katter's Australian Party) Share this | Hansard source

Treasurer, in Australia, where only two entities buy and sell food, and in a world where 41 per cent of farm income is from government, the removal of collective bargaining in all tariff subsidies yarded Australian farmers for butchering by the banks. Can you assure the House that the royal commission will include the carrion for the receivers, and address the issue of a reconstruction bank enabling farmers to ride the rollercoaster of supply and demand? It won't remove the truncating by taxes of the ups, but it will at least stop the banks from elongating the downs with a continuous imposition of discretionary punitive charges.

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