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Thursday, 16 May 2002
Page: 2427

Mr MURPHY (12:57 PM) —Mr Deputy Speaker, you will doubtless recall that in the life of the last parliament on many occasions I spoke on behalf of my constituents about their outrage at the numerous bank branch closures that have occurred in my electorate. On 14 August I made one of many statements in the House protesting the arrogance of the major banks in closing branches in my electorate of Lowe. Since 1998, the major banks have enjoyed record profits but have nevertheless closed 14 branches in my electorate, slamming the doors in the faces of the elderly and the small business community, who are most affected by bank closures. In that members' statements contribution I also reported that the angry and frustrated residents of Lowe would fight back and establish a local community bank. I said then that I knew first-hand that the will of my constituency was so strong that we would achieve this goal. Today I am very happy to report to the House and to the parliament that the first community bank in the inner west was officially opened on Sunday, 5 May.

The DEPUTY SPEAKER (Hon. I.R. Causley)—Unfortunately the time allowed for the debate has expired.

Main Committee adjourned at 12.58 p.m.