Senate Estimates – Reserve Bank Australia
By Malcolm Roberts – Pauline Hanson’s One Nation
One Nation has led the fight in the Senate against the Cash Ban bill, which makes any cash transaction over $10,000 illegal. Our efforts stopped the bill from passing, but the Government has not formally withdrawn the bill.
At this estimates we started a campaign to have the bill removed from Senate business permanently.
Our first questions asked the Reserve Bank if they still thought the cash ban was a good idea. We didn’t get the answer we wanted, it seems the Reserve Bank is still trying to force people into the banking system and take away their right to decide what to do with their own money.
Cash Ban Explanation – https://youtu.be/93EigYTWe5s
Then we asked about our bill coming up later next month to prevent banks using money deposited with them to pay their own expenses in a bank emergency.
What was obvious to Senator Roberts is that the Reserve Bank had no idea they had made a submission on our bail-in bill. The Reserve Bank was not on the list of submissions. Where did their submission come from? Could the Government have written it, not the Reserve Bank? The Reserve Bank is an independent regulator, it would be a scandal if the Government is writing their policy for them. One Nation will pursue this matter further.