Stuckey: I’ve been cast adrift by LNP

CURRUMBIN’S retiring MP Jann Stuckey has doubled down on her claims she is being ignored by her party, suggesting she has been treated like an “outcast”.

Speaking to the Bulletin yesterday, Ms Stuckey has hit back at claims she was invited to the campaign launch of her replacement Laura Gerber, which took place on Sunday.

“I stand by my comment that I did not receive an invitation like the rest of my branch to the campaign launch,” Ms Stuckey said.

The LNP head office have said previously that the party had invited Ms Stuckey to the event.

The veteran MP also took aim at those she felt misunderstood her health.

“I have depression which means I am sad, I am not mentally unstable,” Ms Stuckey said.

“It is disappointing my health issues are being used to justify treating me differently.

“I feel I am being treated like an outcast.

“How hard would it have been for the colleagues who are here every day campaigning to say ‘hey Jann got time for a coffee?”

FOR the first time in five years, the big banks have passed on an official rate cut in full – a move that will lop nearly $100 million from their combined profits.

ANZ, CBA, NAB and Westpac yesterday stepped up to Prime Minister Scott Morrison’s challenge to do the “right thing” by totally transmitting the central bank’s reduction to home-loan rates.

“The government would absolutely expect the four big banks to come to the table and to do their bit in supporting Australians as we go through the impact of the coronavirus,” Mr Morrison said.

The PM defined doing the “right thing” as passing on all of the Reserve Bank of Australia rate drop.

Within minutes of the RBA lowering its benchmark cash rate to 0.5 per cent from 0.75 per cent at 2.30pm, the retail banks began to move. Within two hours, all four had said they would reduce their key mortgage rates by 0.25 per cent.

“This is Scott Morrison’s work,” one bank analyst, who asked not to be named, said.

The Big Four’s break-even figure would have been to cut by just 0.21 per cent.

Going the whole hog will wipe about 3.6 per cent or $97 million from their annual earnings, sources said.

However, another source said the profit hit would be spread over three years through bond market “hedging”.

No bank said what doing with deposits.

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