Proposed changes to the acts noted in the heading are astounding in their breadth and likely impact. They also represent a massive lost opportunity. The sort of opportunity we might take if we had a Labor Government working in the public interest as a Curtin / Chifley government had once done. Men like this ran a Labor Party that protected the public against financial overreach. Today, Labor sees its responsibilities quite differently.
Contact Your Local Member
After reading my submission, I hope you will take action and contact your local member. If you live in the Blue Mountains, your local representative is Susan Templeman.
Phone: (02) 4573 8222
Email: Susan.Templeman.MP@aph.gov.au
What follows is my submission to Susan Templeman, expressing my opposition to changes to the Reserve Bank Act (1959) and the Banking Act (1959). These are the result of a Reserve Bank review. You can find the original document here.
My Submission:
22nd November 2023
ATTENTION: Federal Member for Macquarie, Ms Susan Templeman
I am writing to express my unequivocal opposition to Recommendation 1 and its sub-clauses recorded in the document titled:
RBA Review – An RBA Fit for the Future (see p17).
My reasons follow: