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Two weeks to have your say on APRA bail-in bill!

Turnbull forced to call banking royal commission, but why is APRA off limits? Turnbull forced to call banking royal commission, but why is APRA off limits?

Remember that the deadline for public submissions on the APRA bill, the Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017, is Monday 18 December—two weeks from today!

Latest from the CEC

Robert Barwick is joined by Craig Isherwood for the 1 December The CEC Report, the weekly half hour political and economic update of the CEC’s fight to save Australia from economic collapse. The report is now posted on our website, and ready for you to view.

This week’s CEC Report includes:

1. Turnbull forced to call banking royal commission, but why is APRA off limits?

2. The real issue in the Dastyari affair is ASIO, not China

Click here to view The CEC Report on our website.

Click here to view The CEC Report on YouTube.

Click here to view it on Vimeo.

Click here to listen to it on SoundCloud.

Two weeks to have your say on APRA bail-in bill!

Remember that the deadline for public submissions on the APRA bill, the Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017, is Monday 18 December—two weeks from today!

Make sure you have your say. If you haven’t yet written a letter, do it today. Our work so far achieved this Senate committee inquiry, the unique importance of which Malcolm Turnbull has suddenly confirmed by ordering his new royal commission not to investigate APRA. This Senate inquiry is therefore the only opportunity to shine a spotlight on to APRA’s operations, and force Senators to look at the human impact of the proposed bail-in laws. Every letter they receive from everyday people like you, instead of just the usual corporations and industry associations, will do that. And it will make them take stock of the fact that if they give APRA such dictatorial powers, which could be used to bail in ordinary bank depositors, the rage in the community that forced the government to call the royal commission will only intensify.

So have your say today! It doesn’t matter how long or short your letter is, even if it is one sentence. All you have to do is express your opposition to expanding APRA’s powers and the very idea of “bail-in” and demand a proper system of regulation that protects people and their savings from the dangers of speculation—namely a Glass-Steagall separation of deposit-taking banks from all other financial services.

Here are the three ways to submit your letter to the Senate Economics Legislation Committee (please ensure that you have properly identified yourself with a name and address, so they know it is genuine):

1. The committee staff have asked the CEC to direct people to use the Senate’s on-line submission process, which is at this link:

If you are computer literate and feel confident to make a submission this way, go ahead. 

 

2. BUT, as some people may find that process complicated, the CEC recommends writing an actual physical letter, and mailing it to the committee. It will have a big impact on Senators that someone has gone to the effort to write and mail a letter.

The address of the committee is:

Senate Standing Committees on Economics

PO Box 6100

Parliament House

Canberra ACT 2600

 

3.     The third way is to email a letter to the committee. If you wish your letter to be private, and only read by the Senators, write “Confidential” at the top of the email (this also applies to physical letters). Email your letter to:  This email address is being protected from spambots. You need JavaScript enabled to view it.

To help the CEC keep track of the numbers of submissions, please notify us when you have sent your letter by email, at This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling toll-free 1800 636 432.

Read the Australian Alert Service!

Content covered in the CEC Report is elaborated in the CEC’s weekly Australian Alert Service magazine, which reports on the political fight to free Australia and all nations from the financial control of the City of London and Wall Street. The 29 November issue includes the following:

• Lead Editorial: Banking system under siege—make your submission
• Don’t let APRA steal our savings, break up the banks instead!     
• Europe to extend ‘bail-in’ to guaranteed deposits    
• Australia begs Trump to stick with containment of China      
• ASPI uses China pretext to demand more for the war machine   
• Italian MEP: Alternative framework to ‘bail-in’  
• Malthusian UK treasury counts on pensioner deaths    
• Corbyn demands end to UK support for Yemen genocide      
• Calls mount to re-open probe of UK-Saudi arms deal    
• Russia diplomacy aims to secure peace in Syria    
• Syrians talk to China about reconstruction     
• Neocons quietly infiltrate Trump administration    
• War Machine: Time to leave the ‘graveyard of empires’    
• Add your voice to stop bail-in    
• Film Review - The Spider’s Web: Britain’s Second Empire    
• ALMANAC - The only way to amend APRA bill: replace it!

Click here for a free copy of the latest issue of the Australian Alert Service.

This article was first published by http://cecaust.com.au

Last modified onMonday, 04 December 2017 04:07

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