KAP backs bank deal but demands long-term solution for regions
February 13, 2025
FEDERAL Member for Kennedy, Bob Katter, has commended the government's deal with the major banks to ensure regional bank branches remain open, but has called for a long-term solution.
"I've got to pay credit to the government here," Mr Katter said. "They've moved against going cashless and they've moved against the closure of regional banks.
"Though there's probably been more closures in the outer suburbs than the towns and regions. People think this is an issue for the bush, but the outer suburbs have done worse off than us.
"So yes, we have to praise the government for this initiative. As well as all those who rose up in righteous anger over the closures – just as they did for the cashless proposals.
"But, while this provides temporary relief, it is not enough. We can't keep kicking the can down the road. We need bold action to secure regional banking services for the future."
The Katter's Australian Party (KAP) has long advocated for banking services in regional Australia, where communities face significant barriers to accessing essential services.
In 2023, the KAP's state and federal MPs successfully pressured one of the big four to reverse regional branch closures.
Mr Katter has a long history with the banks, being one of two ministers responsible for the success of the State Bank of Queensland (SBQ) and the Queensland Industry Development Corporation (QIDC).
"In Australia, we have this thing called recourse lending. If you go broke, not only have you lost your house and the money you put into it, but for the rest of your life, you will carry that debt on your back, and the banks will hound you until the day you die. But, if it's a peoples' bank, then I am confident that would not occur."
The Member for Kennedy has previously called for establishing a true government-owned or postal bank, which would be a reliable option for Australians in regional and remote areas.
"This is not just about preventing closures; it's about creating a system that works for everyone, no matter where they live. There are solutions; we just need the political will to make them happen.
"Now, we've got to ask ourselves, why are the banks scared of a peoples' owned bank?"
KAP Leader and Traeger MP Robbie Katter welcomed the government's intervention but cautioned it's only one part of the solution.
"The Federal Government's assurance the banks will be forced to maintain their bricks and mortar presence in rural and remote communities is welcome, but it's only one piece of the puzzle. What's the use of a bank branch being open in Cloncurry or Normanton if, when people walk in there to get a loan for a home or a business, they have the city-centric bank's lending appetite stacked against them?" Mr Katter said.
"By their very nature, private banks lend only on the basis that the risk they absorb will pay off in profits to their shareholders; they have no other motivation or obligation.
"A public bank - which we know can be physically facilitated through the Australia Post network that already functions partly as a bank, though not a lender, through its Bank@Post services - would be able to prioritise the Australian people who live in the non-urban places that the private banks pass over time and time again."
ENDS
Electorate Bob (red tie and jeans) in Ingham’s annual Kindy Quiz Night? or Parli Bob (waistcoat and maroon scarf) in Airlie Beach’s Halloween Party? We love a good Bob pic!
Today the Federal Government has given an extra $10 million to finalise works at Cloncurry Airport following significant flood damage in late 2025 and early 2026. Huge congratulations must go to Mayor Greg Campbell, Cloncurry Council and all those who have fought hard to achieve this outcome. The proposed works will ensure the long-term operation of this vital transport hub to continue to support aeromedical services, business travel, tourism and mining operations.
If all government cars were hybrids. If our sugar and grain was converted to ethanol. If our oil was refined in Australia. WE WOULD BE SELF-SUFFICIENT IN FUEL. This would save EVERY Australian taxpayer $40,000 a year, create hundreds of jobs and resurrect our sugar and grain industries. The answers are there… government just needs to act! To watch the full episode on Spotify, click here .
I couldn’t sleep last night.. praying for my good and long term friend Helen. Helen brings sparkle, enlightenment and joy to the centre of the crossbench. My thoughts are also with your family, friends and staff at this extremely difficult time. May Jesus keep you all in his blessings. Bob Katter
Last weeks parliamentary debate raised some key concerns about the state and direction of the country. Bob’s take is detailed in his latest podcast and includes: Carbon Credits (Integrity and Transparency) Legislation – hidden under the guise of ‘transparency’ and ‘integrity’ this legislation WIDELY EXPANDS Native Title consent requirements, openly acknowledging that it will essentially kill off nearly all small/medium size mining and infrastructure projects with extended project delays and costs. Customs (Illicit Tabacco) Legislation – stronger enforcement and penalties is useless against organized crime unless we also stop demand by narrowing the VAST gap between legal and illegal tobacco products and take away the economic incentives fueling the black market. Backpackers vs Student Visas - meetings at the highest level arguing that backpackers are here for a good time not a long time, they must be from certain countries and under the age of 30, they spend monies earnt and go home. Student visa holders have NO country restrictions and NO age limits, family dependents are also allowed and about 90% stay with the hope of migrating. Protect Aussie produce – continuing the fight to stop fresh food imports from countries with slave labour wages and child labour in the supply chain - a game changer for the banana, pineapple and other tropical fruit industries.
Not so long ago a flight to Tel Aviv experienced an attempted terrorist attack. The heroic actions of those on the plane averted what very nearly was a great tragedy with the almost certain deaths of all 180 occupants in the plane. As the background of the would be terrorist is being investigated serious allegations have been made that he was radicalised IN AUSTRALIA whilst he was an INTERNATIONAL STUDENT!!! Where are the rallies in the street? Where is the outrage in the media? Where are the strong political statements of condemnation ? Where is the swift action against those radicalising people in Australia? ARE WE GOING TO PRETEND THAT THIS WON’T EVER HAPPEN IN AUSTRALIA?
Australian rural industries will keep shutting down if we keep on allowing government to: Import fruit and vegetables; Require our farmers to compete against imports from countries with slave labour wages; and Impose more and more red, green and ‘supermarket imposed’ tape on our produce. We already import nearly all of our pork and seafood… once thriving Australian industries - SHUTDOWN. STOP THIS MADNESS. Protect Australian jobs, consumers and farmers.
Always a great time with Shane Knuth MP and some local legends!
We export our oil for $8,000 million and import it back as petrol for $62,000 million. While overseas refineries get rich from our oil we are getting poorer and poorer as a nation. The impact to our economy is colossal!!! And must be stopped. BRING BACK OUR OIL REFINERIES.
Bob: “Back in my day, we used an automatic gate opener.” Wendi: “I have one. The gate just automatically opened for me.”
