KAP member for Kennedy Bob Katter has continued his call for a Royal Commission into the financial sector despite his bill being narrowly defeated 75-74 on the last sitting of the year.
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“When you hold hearings, every single bank apologises with mea culpas,” Mr Katter said.
“When you hold hearings, the banks are consistently found to be of unconscionable conduct, inducement and duress and abuse of market power.”
Mr Katter said farmers were committing suicide in inland Queensland at the rate of one a fortnight.
“We still have a primitive lending regime – banks can go after you for outstanding debt after they’ve sold you up,” he said.
“The debt stays over our head for the rest of your life. You’re a debt slave forever.
“When you look at all of this, well yes, we need a Royal Commission.”