The Gillard Government

[sails]

Lindsay Tanner was very credible and it showed, no pretence there, good on him and I hope he feels better for purging.....

Not sure if this has already been posted, but here is the video of the extended version of the 7:30 report with Tanner: http://www.abc.net.au/7.30/content/2012/s3598557.htm


Just a shame they didn't make Tanner PM instead of Gillard.

 

[Julia]

Just a shame they didn't make Tanner PM instead of Gillard.

+1.

 

[Calliope]

Tanner's Book.

 

[dutchie]

Tanner's Book.

View attachment 49109

ASF threads top left.

 

[MrBurns]

Iran is in a state of panic, Julia Gillard has told them they have to change their behaviour NOW.

They are afraid that uncontrollable laughter may dislodge the gold in their teeth.

 

[drsmith]

Tanner's Book.

View attachment 49109

If she said AA to AK, it wouldn't be a stutter.

 

[sptrawler]

The mini budget is on its way, so what better time to find that the population is a lot richer than they think.


The upward revisions to wealth also mean households do not look quite as stretched when compared to their debts.

The ABS now estimates the ratio of debt to liquid assets was 129.1 per cent in March, well down on the original estimate of 170.1 per cent.

There have been long-standing concerns that the high debt levels of Australian households left them vulnerable to an economic shock such as a sharp rise in the, currently low, 5.1 per cent unemployment rate

Read more: http://www.theage.com.au/business/t...mps-by-325b-20120927-26ngo.html#ixzz27lJ3ZlBC

 

[Happy]

...
There have been long-standing concerns that the high debt levels of Australian households left them vulnerable to an economic shock such as a sharp rise in the, currently low, 5.1 per cent unemployment rate

Read more: http://www.theage.com.au/business/t...mps-by-325b-20120927-26ngo.html#ixzz27lJ3ZlBC

Another good reason to sharply reduce immigration

 

[sptrawler]

Another good reason to sharply reduce immigration

NO another good reason to increase immigration, keep downward pressure on wages, therefore inflation. That in turn keeps the value in your currency, which also keeps a lid on inflation.

 

[drsmith]

This just serves to reinforce Lindsay Tanner's point.

CONSERVATIVE states are not responsible for big hikes in electricity prices and do not need to be threatened in a quest for ''cheap'' headlines, Resources Minister Martin Ferguson has said, just months after Prime Minister Julia Gillard made such claims.

http://www.smh.com.au/opinion/polit...d-over-electricity-prices-20120927-26o99.html

UNION leader Paul Howes has hit out at Resources Minister Martin Ferguson, accusing him of repeatedly undermining the Gillard government.

Mr Howes said Mr Ferguson's contradiction of Julia Gillard on the source of power price rises should come as no surprise.

"Martin Ferguson bagging his own side, there's nothing new in that," he said.

http://www.theaustralian.com.au/new...ng-julia-gillard/story-e6frg6n6-1226483223658

 

[sptrawler]

Well Doc, Ferguson has allways seemed to be a straight shooter.
Maybe he is getting fed up with the labor parties, pension and career before country, attitude.

 

[drsmith]

Well Doc, Ferguson has allways seemed to be a straight shooter.
Maybe he is getting fed up with the labor parties, pension and career before country, attitude.

I suspect he will follow the path of Lindsay Tanner or will be pushed.

He doesn't fit with modern Labor which is unfortunate for both the party and the country as a whole.

 

[ROE]

They thinking of dipping their dirty hands into SMSF ...

The federal government is examining plans to crack down on the $439 billion self-managed super sector by handing the corporate regulator sweeping powers to ban, suspend and impose conditions on do-it-yourself super savers.

The government is also examining plans to impose hundreds of dollars in levies for the average $470,000 DIY fund to establish a “last resort” compensation scheme for the sector in the event of a repeat of frauds such as the $176 million collapse of Trio Capital in 2009.

Federal Labor is already examining cutting as much as $15 billion in annual tax breaks from the rapidly expanding sector to help save its budget surplus.

http://www.afr.com/p/national/labor_plans_crackdown_on_smsfs_9sv1BxHITkDskEWDPgq5nL

 

[drsmith]

They thinking of dipping their dirty hands into SMSF ...

Super is well and truely in their sights as widely reported by the media.

It is a fault of both sides that super is ultimately seen as a budget backstop. The sector needs tax reform, but in a much broader context than overcoming poor financial management (Labor) and buying votes (Coalition).

On another front, ABC (radio news) has reported that the government won't be aboe to providing it's monthly update on MRRT collections to the Senate until December. Perhaps it's going to take that long for a non-zero number to appear left of the decimal point.

 

[Julia]

They thinking of dipping their dirty hands into SMSF ...

The federal government is examining plans to crack down on the $439 billion self-managed super sector by handing the corporate regulator sweeping powers to ban, suspend and impose conditions on do-it-yourself super savers.

The government is also examining plans to impose hundreds of dollars in levies for the average $470,000 DIY fund to establish a “last resort” compensation scheme for the sector in the event of a repeat of frauds such as the $176 million collapse of Trio Capital in 2009.

We do not need a compensation scheme for SMSFs. If you don't know what you're doing and are at risk of being suckered into dodgy stuff, you shouldn't be running your own Fund.

 

[Kulio]

We do not need a compensation scheme for SMSFs. If you don't know what you're doing and are at risk of being suckered into dodgy stuff, you shouldn't be running your own Fund.

Useless post as always. You should stick to calling 16 year old girls stupid when going through a McDonald's driveway in that thread you started or advising people to stick with fixed interest investments. Hey or give a few more +1s here and there.

 

[MrBurns]

Useless post as always. You should stick to calling 16 year old girls stupid when going through a McDonald's driveway in that thread you started or advising people to stick with fixed interest investments. Hey or give a few more +1s here and there.

I think I speak for everyone when I say, you and your nasty remarks aren't welcome in here.

There must be a kiddies forum somewhere you can pollute.

 

[DB008]

The Gov raiding super is like a kid in a candy shop.

How long will they be able to resist the temptation???

 

[sptrawler]

The government is also examining plans to impose hundreds of dollars in levies for the average $470,000 DIY fund to establish a “last resort” compensation scheme for the sector in the event of a repeat of frauds such as the $176 million collapse of Trio Capital in 2009.

Federal Labor is already examining cutting as much as $15 billion in annual tax breaks from the rapidly expanding sector to help save its budget surplus.

http://www.afr.com/p/national/labor_plans_crackdown_on_smsfs_9sv1BxHITkDskEWDPgq5nL

I wonder if the last resort compensation scheme will be run by the government, everyone puts in and nobody can qualify for a payment.LOL.

It will be interesting to see how the government discriminates against a complying SMSF, then again fairness and decency hasn't been this governments strong pionts.IMO

 

[Happy]

NO another good reason to increase immigration, keep downward pressure on wages, therefore inflation. That in turn keeps the value in your currency, which also keeps a lid on inflation.

But oppens bottom on housing shortage, pressure on Medicare, compounds Hospitals emergency problems, road congestions, water shortages, overcrowding of trains to name the few.

Suppose Reinhard's $2 an hour looks inevitable too.