After a flood of calls to Senators from concerned constituents, Treasurer Josh Frydenberg’s bill to wind back responsible lending laws is effectively dead.
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.
In 2018, while the banking royal commission was shocking Australians with revelations of the crimes of the banks and failings of the regulators, then-Treasurer Scott Morrison insisted on regulators maintaining the prin
To free community post offices from bad management and banks, and guarantee financial services in regional and abandoned communities, turn each post office into a branch of a people’s bank.
Christine Holgate has now moved on from Australia Post, but the government and board must be held accountable, and AusPost must become a people’s bank.
