James Shipton’s fate is what happens in Australia when even modest efforts to regulate threaten the major banks, illustrating the urgent need for a public bank alternative to break the monopoly of the Big Four.
The Senate’s Australia Post inquiry report, tabled in Parliament yesterday (15 June), was the culmination of the amazing campaign to support Christine Holgate and the thousands of Licensed Post Offices (LPOs) she saved with her 2018 banking deal.
The Senate voted unanimously yesterday to remove the $10,000 cash transaction ban bill from the Notice Paper, effectively dumping it from this Parliament.