Ext User(Green Lantern)
30-04-2008, 08:47 PM
"Rod Speed" <rod.speed.aaa@gmail.com> wrote in message
news:67ciesF2nbn3cU1@mid.individual.net...
> Horry <horacewachope@gmail.com> wrote:
>> On Fri, 25 Apr 2008 07:40:31 +1000, Rod Speed wrote:
>>
>>> Horry <horacewachope@gmail.com> wrote
>>>> Rod Speed wrote
>>>
>>>>>> Julia would sure as hell do it.
>>>
>>>>> Pity the federal govt doesnt even have the legal power to control
>>>>> what interest rates the banks charge so even that bulldyke would
>>>>> be shit out of luck.
>>>
>>>> Commonwealth Constitution, section 51.
>>>
>>>> The Parliament shall, subject to this Constitution, have power to
>>>> make laws for the peace, order, and good government of the
>>>> Commonwealth with respect to: -
>>>
>>>> (xiii.) Banking, other than State banking; also State banking
>>>> extending beyond the limits of the State concerned, the
>>>> incorporation of banks, and the issue of paper money.
>>>
>>> Pity about what the High Court found on that when Labor attempted to
>>> nationalise the banks.
>>
>> Chifley tried to go a lot further than just regulating the interest
>> rates charged by banks.
>>
>> If you're referring to the Bank Nationalisation Case, the High
>> Court there held that Chifley's legislation violated the "just terms"
>> clause of s. 51. Ultimately, the case wasn't decided by the High
>> Court under s. 51(xiii) (though a breach of s. 51(xiii) was certainly
>> argued by the plaintiff banks, and was mentioned by some of the
>> judges in their opinions -- which runs to around 400 pages in the
>> Commonwealth Law Reports). The Privy Council spent relatively more
>> time on s. 51(xiii) after Evatt appealed from the High Court to London.
>
> Nothing like as black and white as you implied tho.
Such impressive details.
news:67ciesF2nbn3cU1@mid.individual.net...
> Horry <horacewachope@gmail.com> wrote:
>> On Fri, 25 Apr 2008 07:40:31 +1000, Rod Speed wrote:
>>
>>> Horry <horacewachope@gmail.com> wrote
>>>> Rod Speed wrote
>>>
>>>>>> Julia would sure as hell do it.
>>>
>>>>> Pity the federal govt doesnt even have the legal power to control
>>>>> what interest rates the banks charge so even that bulldyke would
>>>>> be shit out of luck.
>>>
>>>> Commonwealth Constitution, section 51.
>>>
>>>> The Parliament shall, subject to this Constitution, have power to
>>>> make laws for the peace, order, and good government of the
>>>> Commonwealth with respect to: -
>>>
>>>> (xiii.) Banking, other than State banking; also State banking
>>>> extending beyond the limits of the State concerned, the
>>>> incorporation of banks, and the issue of paper money.
>>>
>>> Pity about what the High Court found on that when Labor attempted to
>>> nationalise the banks.
>>
>> Chifley tried to go a lot further than just regulating the interest
>> rates charged by banks.
>>
>> If you're referring to the Bank Nationalisation Case, the High
>> Court there held that Chifley's legislation violated the "just terms"
>> clause of s. 51. Ultimately, the case wasn't decided by the High
>> Court under s. 51(xiii) (though a breach of s. 51(xiii) was certainly
>> argued by the plaintiff banks, and was mentioned by some of the
>> judges in their opinions -- which runs to around 400 pages in the
>> Commonwealth Law Reports). The Privy Council spent relatively more
>> time on s. 51(xiii) after Evatt appealed from the High Court to London.
>
> Nothing like as black and white as you implied tho.
Such impressive details.