Media Release

Federal MP for Kennedy, Bob Katter, has expressed his disgust on the back of the announcement that some inner-city supermarkets will no longer be accepting cash.

“A proposal by one of the supermarket chains to go cashless?” Mr Katter said in disbelief when first confronted with the news.

"Once cash vanishes then you become the puppet of the banks,” said Mr Katter.

“A cashless society means the only way you can buy anything is if the bank approves it and four banks encompass 90% of Australia’s transactions.”

“If we Australians are stupid enough to trust 4 giant corporations and their puppets, the Federal Government, then we are really stupid people.”

“Australian currency is owned by the people, not the banks.”

Mr Katter’s tirade follows a major supermarket informing the public that, from yesterday, they would no longer be accepting cash payments at six more inner city stores in Melbourne and Sydney. This is on top of the six stores that began the trial in July this year.

“The concentration of power here is really scary,” Mr Katter added.

“The giant supermarket chains have destroyed owner operator businesses across Australia.”

“This is the first step onto a slippery slope, and it will be absolutely disastrous, at a time when people are trying to desperately to get their money out of the banks and financial institutions.”

“I will lead the first demonstration in the first store that they attempt to do it!”

—ENDS—