Citizens Electoral Council candidate for Hunter, Ann Lawler, believes her party has the answers to form the basis of a productive economy and avoid another Global Financial Crisis.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
If elected on September 7, the small business owner will be looking to implement legislation known as a Glass-Steagall Act. This would see investment banking separated from retail banking and stop any “bail-in” legislation like what was seen in Cyprus recently.
Ms Lawler believes our current federal parliament has had “bail-in” policies ready to go since Labor and Kevin Rudd campaigned to be included in the G20. According to the Hunter candidate, should Australia reach the state of financial crisis, a “bail-in” policy would see banks docking their own shareholders and creditors, including depositors.
She said Labor’s pink batts scheme and their $900 handouts among other policies were purely aimed at capitalising the country’s banks and believes instead there must be a re-investment in physical and farming industries to establish a productive economy.
Another concern includes the fall in the country’s standard of living whereby wages, salaries and jobs are dropping – hence creating less people paying income tax and therefore leaving less revenue for the federal government.
Ms Lawler and the Citziens Electoral Council believe Australia “must establish a National Bank and State Banks to provide loans at two per cent or less to agriculture (family farms), industry and for infrastructure development”.
Among other policies, the Citziens Electoral Council is for Australia becoming a republic, it wants to abolish the Goods and Services Tax, and wants to nationalise Australia’s oil, gas, and mineral resources for the “Common Good”.