Changes to Reserve Bank and Banking Acts

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:

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Spike has a plan. What’s ours?

The Liturgy

Every morning Sydney hosts its 11am Covid-19 ritual. New South Wales Premier Gladys solemnly records the newly infected, newly hospitalised, ICU entrants and the dead. Our chief health officer, Kerry Chant, performs a short liturgy: “Test…Isolate”. These announcements are then reannounced in various formulations over the next half hour interspersed with urgent calls for us to vaccinate. The media then asks the same questions it did yesterday using today’s numbers. This allows for further reannouncements and even more urgent calls for us to be vaccinated. We are also reminded that this is the only way out of lockdown. Other Australian states go through a similar daily process.


As an unvaccinated person, the liturgy is of particular interest to me. In my uninfected state my main concern is to avoid Delta. If it is as dangerous as we’re told, it will come looking for me. It will then be time to action the “Test……Isolate” strategy. Let’s say I find myself in an exposure zone or one comes here, I’ll need a PCR test. If the PCR test works and I remain uninfected then I get on with my useless life.

Yet, if the test works and I become both an infected and infector, it will be time to implement part 2 of Kerry’s “Test……Isolate” plan. Go straight to my meticulously designed isolation chamber with the ensuite and stay there awaiting further instructions. This is easy if you’re living by yourself especially if you’re a doomsday prepper. The rest of us will be relying on family or housemates to keep us fed and in contact with the rest of the world.

So you’re in the isolation chamber having completed your “Test….Isolate” civic duty. Covid-19, from hereon known as Spike, is happy because no-one has interfered with his plan to raise a family and move to your lungs. This is where Kerry’s plan seems to be short an action or two. It was this concern that prompted me to go looking for the rest of Covid-19 survival manual.

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