In turn, he expects it will create jobs for Port Stephens people.

"Since the Hawke government deregulated our banks our savings and our economy have gone down the gurgler," he said.

His party's major policy is to introduce the US-born Glass-Steagall Act to create a division between investment banks and day-to-day transaction banks.

Mr Davis, who runs a transport company from his Shoal Bay base, also wants the reintroduction of a national bank that would also influence exchange rates and help create federal wealth.

"This would create a development fund to drought proof central Australian farmlands and build a high speed national ring rail to transport food to the ports," he said.

"That project alone, with its steel requirements, would kick start our mining industry again."

Mr Davis noted that Australia was a world-leader in high speed shipping.

"We can put fresh food on the shelves in Asia in under 30 hours," he said.

"We can become a food bowl for Asia."

This, Mr Davis said, would create national jobs available Paterson residents.

"A lot of people moved half way around the world to build the Snowy hydro scheme. But we still have to develop opportunities for people here,” he said.