Pauline Calls for Banking Royal Commission to be Extended

The Banking Royal Commission has already achieved some positive outcomes. We have already seen NAB pledge they will stop…

Posted by Pauline Hanson's Please Explain on Tuesday, July 24, 2018

From the Courier Mail

Pauline Hanson asks PM Malcolm Turnbull to extend banking royal commission

RENEE VIELLARIS

PAULINE Hanson has written to Malcolm Turnbull to call for the banking royal commission to be extended and widened, warning too many victims are not being heard.

The One Nation leader has joined a growing chorus of critics, arguing the inquiry has failed to apply a blowtorch to the opaque relationship between banks, receivers, liquidators and insolvency firms.

The correspondence to Mr Turnbull, dated July 23, came as National Australia Bank bowed to pressure and announced it would stop charging drought-ridden farmers interest when they failed to make repayments.

Senator Hanson asked Mr Turnbull to invite commissioner Ken Hayne to seek extra time to hear more evidence.

The commission must submit an interim report by September 30 and provide a final report by February 1, 2019.​ ​

“I am receiving numerous correspondence and calls from constituents who, while they have lodged their submissions have not, and have been informed by officers of the royal commission, will not be invited to attend to give evidence ­before the royal commission due to the limitation of time,’’ Senator Hanson wrote.

“It needs to be stated categorically any request by the commissioner for an extension of time shall be granted to give full effect to the findings.

“Secondly, the most important issue that has arisen and raised previously by me, is the inclusion of receivers and managers, liquidators and ­insolvency firms appointed by the banks to come within the terms of reference of the royal commission. I, on behalf of all those people who have suffered loss due to actions of those receivers, managers, liquidators and insolvency groups, urge you to take the proactive step of widening the terms of the royal commission to make it perfectly clear it has the authority to call those stated parties to account.

“Also, state publicly and invite the commissioner to seek an extension of time to hear further evidence.”

It is almost certain that if Commissioner Hayne asked for more time, it would be granted.

4 replies
  1. TK
    TK says:

    How do banks get away without paying interest on everyday accounts
    the average person with savings gets very little or nil interest while the executives are gouging large salaries and ridiculous bonuses

    time to go back to honest banking for the people

    why should i have the bank hold and use my money with no return and no service

    but there are no alternatives

    Reply
  2. Mike On comments
    Mike On comments says:

    We need a Royal Commission into our broken corrupted border controls & the migrant intake impacts as the higher national priority.

    The Turnbull Government & others continually mask & downplay the PR, Temporary Visa & illegally working Tourists numbers & impacts.

    They try to shift the debate to fractional visa categories (457 etc) or a small reduction in PR as ‘proof’ they are doing something.

    The fact is the foreign guestworkers numbers onshore are still increasing rapidly – esp the Temporary Resident Visa (TR) & Tourist Visa Working Illegaly (TVWI).

    For example, we often hear there is only 350,000 on ‘international student visas’ in Govt or media information.
    This is a lie by omission, not revealing all the visa categories & partners in the foreign student intake.

    There are 624,000 foreign students / partners, incl work rights & visa category, increasing at rates of up to 12% yearly – the detail and evidence is below.

    We also see little Government or media reporting on the Tourist Working Illegally (TVWI), yet this has exploded in illegal migrant guestworkers onshore .

    Firstly, dealing with the foreign students.

    624,000 foreign students onshore.
    1. International student visas
    Primary Holder 454,962
    Secondary Holder 56,830
    Total onshore in this visa 511,792
    22,941 or only 5% -of the 454,962 are doing university higher level studies.
    485 Visa (post grad full work rights)
    Primary 41,498
    Secondary 12,084
    Total 53,583
    Many changed their visa category from student visa to 485 to continue their study with full work rights including partners. This is often a 4 + 4 year stay.

    Then add on 58,266 foreign migrants as ‘international students’ who are on other visa categories (visitor, bridging, special purpose, DFAT & other visa).

    The total is 624,000 – reconciling with the Australian Dept Education numbers.

    https://internationaleducation.gov.au/research/International-Student-Data/Documents/MONTHLY%20SUMMARIES/2017/Dec%202017%20MonthlyInfographic.pdf

    Country of origin & skills.
    93% are third world origin and unskilled. The intake is Chinese, Indian, North & East Asian, Nepalese, Pakistani, Middle East, Brazilian.

    Courses & contribution.
    The majority are doing very low level English (ELT) or (VET) as diplomas & certificates. Or else non specialist entry level & segregated university courses.
    Much of which is available in their home country, or online for free.

    An OECD benchmark compare is only 5% or 33,000 of the 624,000 onshore would be considered as ‘international students’ in most other OECD countries.

    Skills & economic contribution.
    The progression rate for an ‘international student’ into a high income professional vocation in their home country or Australia is 3.6%. (Migrant Pathways Decade On : 2016). 96% of foreign international students fail to add any unique or highly qualified skill / high income productivity value to our economy.

    The ABS 2016 data confirms this.
    The PR migrant intake, a large proportion being TR foreign students’ continue to have higher unemployment, lower incomes & a lower professional status.

    The entire foreign student program is riddled top to bottom with foreign criminals in migrant fraud, organised crime and racketeering.

    I hear you say “Oh – but it’s a $28 billion ‘export industry”.. (A big soundbite lie, funded by the education industry, migrant agents & lobbyist – Deloitte Access Economics etc).

    Read their report carefully, it’s full of incorrect assumptions as to where money comes from or is earnt & what is sent out.
    It counts onshore income & consumption as an ‘export’ & artificial & incorrect values on human capital not supported by facts. It does not include costs in Aust unemployment, housing & congestion caused by the foreign student intake.

    The facts are – including their references in fees paid etc.

    The entire TR Visa intake, incl foreign students only brings in $4.5 billion of mostly self declared funds (ABF) and is often & routinely faked.

    The foreign students form a collective $33 billion underground unskilled migrant sub economy. ($28 billion 2014, numbers have grown substantially) and the report is silent on the fact most working illegally!

    They only pay $7.8 billion in fees
    FROM MONEY EARNED HERE.
    They consume & occupy some 125,000 ex Australian dwellings in mostly migrant sub let slum share, from MONEY EARNED HERE. They rent – 98% in ‘private shared accommodation’ foreign owned migrant only sublet cash in hand bunk share.
    (624,000 / average of 5 occupants or more = 125,000 dwellings. $6 billion yearly paid mostly as sublet cash in hand to foreign syndicate owners of now ex Australian dwellings)

    They xfer or send back some $8 billion in Agent Procurer debt repayments of money back to their third world families.
    FROM MONEY EARNED HERE.
    (Western Union & World Bank Australian migrant money flows & remittances 2017).

    ➡️Negative GDP contribution, plus billions of taxpayer dollars spent on the impact in Australian unemployed ($19 billion), homeless, housing, congestion & debased education for Australians.

    The foreign students are almost all third world poor migrants. They are using a student visa alibi to work illegally, to repay a foreign agent loan debt & send back remittances, to try & secure a PR as an anchor to bring in their third world burden.

    Most are doing nonsense courses, with no international recognition or professional vocation employment outcome.
    96% fail to get a high income professional vocation in Australia or their home country exposing the entire farce in outcomes.

    A cleanup to OECD standards would see only 33,000 ‘genuine fully funded post grad OECD level foreign international students’.
    This is the cleanup & correction needed.

    🔹The wider migrant topic. PR v TR/TVWI.

    The PR intake has been the most visible in media headlines. But is the TR & Tourist Visa Working Illegals (TVWI) that are by far the larger impact to Australian society.

    We have 2.7 million mostly third world and mostly unskilled migrants now in Australia on Temporary Visas (TR) or illegally working tourist visas (TVWI).

    ➡️That is equal to 16 years worth of the current Australian migrant PR intake.

    The 2.7 million TR & TWI number far exceeds the entire last decade of PR intake which was 1.9 million, 140% more again of additional third world unskilled.

    The grand total being 4.6 million migrants mostly third world unskilled now onshore. 58% as Temporary Visa or Tourist Visa working illegally.

    86% are concentrated in Sydney or Melbourne. Long stay, repeat stay, visa churn & extension & overstay.

    2.7 million TR & TVI country of origin.

    • 2.2 million TR Temporary Visas (DHA July 2018), Chinese then Indian, South & north Asian, Middle East. Including a third of the NZ SCV being non NZ born, using NZ as a transit stop & back door entry.

    • 440k TWI Tourist Visa working Illegally (5% of the 8.8 million tourist visitors – (ABF / DHA parliamentary committee report) mostly Chinese, North & South Asian, Indian, Nepalese, Middle East etc.

    55k overstayers. As above.

    City Concentration.
    2.2 million Temporary Visa holders (July 2018) third world & unskilled.
    1.2 million TR reside in Sydney.
    0.8 million TR in Melbourne.
    0.2 million TR elsewhere.

    1.9 million PR & citizen grants in the last decade – mostly third world unskilled.
    0.9 million PR in Sydney.
    0.7 million PR in Melbourne.
    0.3 million elsewhere. (ABS / DHA 2018)

    440,000 illegally working unskilled Chinese, Indian, South East Asian.
    220,00 tourist illegals in Sydney.
    190,000 tourist illegals in Melbourne.
    50,000 tourist illegals elsewhere.

    55,000 overstayers, concentrated in the third world migrant slum enclaves of
    Sydney (20,000)
    Melbourne (15,000)
    the rest elsewhere. (DHA 2017).

    ➡️The Sydney number of third world unskilled migrant intake is 2.34 million.
    45% of Sydney’s pop of 5.2 million (ABS est July 2018), nearly every 2nd person.

    The 1.2 million TR migrants in Sydney are 23%. Nearly 1 in 4 people in Sydney.
    0.9 mil PR in Sydney are 17% of the Sydney Population, or 1 in every 6 people.
    And 0.22 million TV working illegally & 20k overstayers are 1 in every 22 people.

    Slightly lower figures & similar ratios for Melbourne.

    The 2.7 million third world unskilled migrant guestworkers (TR & TVWI) are long stay, very long stay, repeat & multiple visit stay. They work illegally, paying little or no tax. The epicentre of foreign criminal run illicit & blackmarket activity.

    They steal Australian jobs (the reason they are here), and occupy housing – some 440,000 dwellings nationally. (2.7 million / 6 average migrant guestworker occupants = 450,000 ex Australian dwellings) now converted to migrant guestworker occupancy.

    Over a quarter of a million dwellings in Sydney alone in migrant sublet cash in hand bunk & mattess share.

    They use public transport, have cars, create congestion and contention.

    They debase education, services, living standards, employment, wages, ownership & every other facet of our society and living standards.

    ——————————
    The ‘migration debate’ needs to shift to the facts, and exit migrant guestworkers working illegally, in visa breach or on fake & pretext visas.

    ➡️ 1.5 million TR & TVWI should be exited either on visa breach or not suitable.

    🔻440,000 illegally working tourists (TVWI) exited.
    🔻580,000 of 624,000 TR fake students & partners to go. It’s corrupted top to bottom, normalise to OECD levels.
    🔻230,000 non NZ born TR SCV of the 650,000 NZ SCV (Aust / NZ SCV to be only for NZ or Aust Born).
    🔻250,000 ‘skilled, sponsor, bridging, protection’ fakes.

    And a Royal Commission into our border control & visa enforcement & then repair.

    Reply

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