Real Reason Christine Holgate Pressured To Resign?

Michael Moore: 09 November 2020

As many of you will know Christine Holgate resigned from her position as CEO of Australia Post.

What many may not be aware is that the facts have been distorted and the real reason she was pressured to resign was not really about watches but more about her effectiveness and policy with Australia Post.

Just to set the scene. You may recall Scomo, our ‘beloved’ Prime Minister rejected a Royal Banking Commission twenty-seven times before the pressure was too great and it had to be held. Well we all know the result of that. A rap on the knuckles for the big banks. But it did not stop the banks continuing to be involved in billions of dollars’ worth of money laundering to pay paedophiles. Yes ScoMo seems to not mind that and is still concerned with protecting the banks.

But where does Holgate come into this? She Set a policy where The Post Office shops, (including licensees) could accept banking.

According to the SMH. “But licensees who run 2850 post offices around the country out of their news agencies, pharmacies and convenience stores believe the Bank@Post deal at the centre of the watch scandal saved their businesses.

Licensed Post Offices Group's executive director, Angela Cramp, called Ms Holgate "the best CEO that Australia Post has ever had". Ms Cramp's group represents at least a third of licensed post office owners.

She told Ms Holgate in their first conversation licensees in rural and regional areas would go out of business if something wasn't done to make the banks pay more.

"She saved us, and those people who worked on that team how hard do you think it was to make the CEOs of the banks pay for a service that they had had for years for free?" Ms Cramp told this masthead.

"We are absolutely 100, 200, 1000 per cent behind her leadership and she is desperately needed for us to survive.

"Whatever this is about, it has got nothing to do with bloody watches."”

In fact, Holgate was successful in reorganising the community banking services the post offices provide on behalf of the private banks, by forcing the banks to cough up more money to cover the cost.

Indeed, since 2018 she has explored the possibility of Australia Post becoming a post office bank and Independent journalist Michael West reported on 25 April 2018 that his sources had informed him Holgate “is driving the deliberations on Australia Post becoming a bank, leveraging its network of almost 7,000 offices across the country. Holgate is said by those who know her to be driven by community and social purpose as much as commercial objectives.” These deliberations were ongoing.

But ScoMo, who is banking enthusiast and will apparently do anything to ‘save the banks and their corrupt money laundering activities, is happy to rort the Development and Sports grants. Hypocritical to say the least.

According to the Australian Citizen’s Party:

Enter Prime Minister Scott Morrison, Parliament’s most shameless defender of the private banks who did all he could to shield them from the scrutiny of the banking royal commission, and then, when the royal commission revealed shocking abuses, doubled down on blaming the banks’ victims, insisting banking must be based on the principle of caveat emptor—“let the buyer beware” (i.e. if a bank rips you off it’s your own fault). Morrison launched a vicious, unjustified, and likely premeditated attack on Holgate in Parliament on 22 October, his histrionics way out of proportion to her apparent sin of spending $20,000 on Cartier watches to reward four executives. But with her subsequent resignation on 2 November, Morrison has succeeded in removing an Australia Post boss who stood up to the banks and whose interest in a post office bank represents a real threat to the private banking monopoly.

‘She saved us!’

Christine Holgate is the victim of a grave injustice. It’s not that the punishment didn’t fit the crime—there was no crime! The media has hardly mentioned that the purchase of the Cartier watches happened two years ago in 2018. This is the first red flag pointing to an ulterior motive: why is it only now in late 2020 that this has become an issue? And why are her enemies in Parliament and the media dishonestly representing the purchase of the watches as a “bad look” in the middle of a pandemic and rising unemployment and debt, when it happened long before the pandemic? Curiously, it was Labor Senator Kimberley Kitching who ambushed Holgate in a 22 October Senate Estimates hearing about the purchase two years earlier. Whatever Kitching’s motive, more curious was Morrison’s over-the-top condemnation, raising the question of whether his attack was coordinated with his ostensible political opponent Kitching, and why?”

Anyone that uses the Post Office for their banking has Holgate to thank for that. She made it possible for the licences’ to provide the facilities and get paid for it, whereas it was at their own expense and the banks got the service free.

But Holgate was savagely attacked. 'However, I deeply regret that a decision made two years ago, which was supported by the chair, to recognise the outstanding work of four employees, has caused so much debate and distraction,' Ms Holgate said.

When your company shareholder owns the company 100 percent lock stock and barrel, he or she is the boss, you are not. You are just an employee.


Statement from the Australian Citizens Party

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