Two-and-a-half years ago, Resources Minister Matt Canavan urged his fellow Queenslanders to boycott Westpac because the bank had joined the growing list of its counterparts in refusing to finance the Adani coal mine.

“May I suggest those Queenslanders seeking a home loan or a bank deposit or some such in the next few months might want to back a bank that is backing the interests of Queenslanders,'' he said.