Sign the Petition
for a National Development Bank
Sign the Petition
for a National Development Bank
Australia repeatedly suffers economic disasters from international crises because we are at the end of vulnerable global supply chains.
We do not produce enough of what we need ourselves.
During covid politicians said we need to make more things here – but they did nothing.
We are hearing it again in this current oil crisis, but what are they going to do?
Governments need tools to act effectively, and the most important tool is a public bank, which can act as a development bank and invest in the country’s long-term needs.
Right now that means a proper 90-day fuel reserve, triple our current reserve, and more oil refining and fertiliser production capacity.
It will cost tens of billions, but it will make a financial return; instead of being funded from the budget, it should be funded through a development bank.
Let’s use this crisis to force Australian politicians to abandon the old failed methods that have left us exposed and vulnerable, and instead create the economic tools, starting with a national development bank, which can ensure our economy can meet its own needs.
Sign the petition for a national development bank now!
Petition Summary
We call upon the Australian government to:
Immediately establish a national postal bank—a new “people’s bank” like the original Commonwealth Bank—to operate through Australia Post’s thousands of post offices; and a national development bank to invest in infrastructure and productive industries.
(Click here to read the full text of petition)
“If the Government of the Commonwealth deliberately excluded itself from all participation in the making or changing of monetary policy it cannot govern except in a secondary degree.”
John Curtin
Australian Prime Minister 1941-1945
Australia repeatedly suffers economic disasters from international crises because we are at the end of vulnerable global supply chains. We do not produce enough of what we need ourselves.
It’s time to fight back—with a public alternative.
Petition Summary
We call upon the Australian government to:
Immediately establish a national postal bank—a new “people’s bank” like the original Commonwealth Bank—to operate through Australia Post’s thousands of post offices; and a national development bank to invest in infrastructure and productive industries.
(Click here to read the full text of petition)
“If the Government of the Commonwealth deliberately excluded itself from all participation in the making or changing of monetary policy it cannot govern except in a secondary degree.”
John Curtin
Australian Prime Minister 1941-1945
During covid politicians said we need to make more things here – but they did nothing.
We are hearing it again in this current oil crisis, but what are they going to do?
Governments need tools to act effectively, and the most important tool is a public bank, which can act as a development bank and invest in the country’s long-term needs.
Right now that means a proper 90-day fuel reserve, triple our current reserve, and more oil refining and fertiliser production capacity.
It will cost tens of billions, but it will make a financial return; instead of being funded from the budget, it should be funded through a development bank.
Let’s use this crisis to force Australian politicians to abandon the old failed methods that have left us exposed and vulnerable, and instead create the economic tools, starting with a national development bank, which can ensure our economy can meet its own needs.
Sign the petition for a national development bank now!
PETITION
An Australia Post ‘people’s bank’—a win-win solution for the nation
TO THE HONOURABLE SPEAKER AND MEMBERS OF THE HOUSE OF REPRESENTATIVES
This petition of concerned Australians draws to the attention of the House that:
Australia’s financial system is dominated by a private banking oligopoly that pursues maximum profit at the expense of customers, the community and ethical standards.
The major banks have focussed their lending on mortgages, which has inflated house prices to unaffordable levels, while starving small business, farming and manufacturing of credit. In recent years they have shut hundreds of branches and ripped out hundreds more ATMs in rural and regional Australia and low-income suburbs of the major cities, accelerating the economic decline of many communities. And they have abused their market power to reduce the use and availability of cash and cheques and to deny customers banking services through “debanking”.
Australia needs an alternative, public banking system that provides financial services to all communities and invests in the nation’s future.
We therefore ask the House to immediately establish:
-
a national postal bank—a new “people’s bank” like the original Commonwealth Bank—to operate through Australia Post’s thousands of post offices; and
-
a national development bank to invest in infrastructure and productive industries.
A national postal bank would restore retail financial services to all communities, fully guarantee savings deposits, lend carefully but fairly, maintain cash payments, not discriminate through debanking, and invest surplus deposits in the national development bank to fund job-creating infrastructure and industries.
PETITION
An Australia Post ‘people’s bank’—a win-win solution for the nation
TO THE HONOURABLE SPEAKER AND MEMBERS OF THE HOUSE OF REPRESENTATIVES
This petition of concerned Australians draws to the attention of the House that:
Australia’s financial system is dominated by a private banking oligopoly that pursues maximum profit at the expense of customers, the community and ethical standards.
The major banks have focussed their lending on mortgages, which has inflated house prices to unaffordable levels, while starving small business, farming and manufacturing of credit. In recent years they have shut hundreds of branches and ripped out hundreds more ATMs in rural and regional Australia and low-income suburbs of the major cities, accelerating the economic decline of many communities. And they have abused their market power to reduce the use and availability of cash and cheques and to deny customers banking services through “debanking”.
Australia needs an alternative, public banking system that provides financial services to all communities and invests in the nation’s future.
We therefore ask the House to immediately establish:
-
a national postal bank—a new “people’s bank” like the original Commonwealth Bank—to operate through Australia Post’s thousands of post offices; and
-
a national development bank to invest in infrastructure and productive industries.
A national postal bank would restore retail financial services to all communities, fully guarantee savings deposits, lend carefully but fairly, maintain cash payments, not discriminate through debanking, and invest surplus deposits in the national development bank to fund job-creating infrastructure and industries.
Website: https://citizensparty.org.au Phone: 1800 636 432 Email: info@citizensparty.org.au Postal Address: PO Box 376, Coburg, Vic 3058
Website: https://citizensparty.org.au
Phone: 1800 636 432
Email: info@citizensparty.org.au
Postal Address: PO Box 376, Coburg, Vic 3058
Authorised by Craig Isherwood, Citizens Party, Melbourne.