The rural debt task force will be the number one priority for KAP Member for Mt Isa Rob Katter this week where he will be in deep talks with both the government and opposition to finalise the team heading the investigation.
Taskforce chair Mr Katter, who has long been an advocate for a Reconstruction development bank in Queensland said this investigation will be the final piece in solving the rural debt puzzle.
“For years we have pushed for a restructure into banking practices in the Agricultural sector, this taskforce will help prove this is the way forward,” Mr Katter said.
“Everywhere I travel in my electorate I hear stories of the devastation of rural debt which has been accentuated by the drought.”
“Even if we get rain at the end of this year, no-one has any money to buy cattle , If they do not have money to buy cattle, there is no cash flow and there is no money being spent in these towns.
People are scratching their heads and a hopelessness prevails and people are starting to get angry – We need to give them answers,” he said.
Mr Katter has set a strict 60 day time frame for the taskforce to secure an immediate outcome.
While the other members of the taskforce are yet to be confirmed both the opposition and the Government have committed to providing representation.
“I look forward to working with both sides of government on this vitally important issue,” Mr Katter said.