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The Abbott Government

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sptrawler said:
That's what we get for our gas, removed and loaded offshore, no onshore infrastructure, no onshore jobs, no value adding industry.
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Meanwhile WA industry, what remains of it, is paying top $ for gas and the state has gone back to coal for about half the electricity supply in the south-west interconnected system (which includes Perth). :2twocents
 
sptrawler said:
I don't know about everyone else, but I find this announcement very sad.

https://au.news.yahoo.com/thewest/business/a/28990513/wa-wins-lion-s-share-of-browse-field/

That's what we get for our gas, removed and loaded offshore, no onshore infrastructure, no onshore jobs, no value adding industry.

Sold out as usual.:cry:

Third world mentality, with first world living standard, soon to be challenged.IMO

My rant for today.:cry:
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Gas is in a glut. Russia will be piping that much to China there wont be enough growth in LNG demand to counteract the massive supply coming online.

Woodside is going to have to start some BHP esq write downs on it's gas assets. There wont be any FLNG inside a decade. LNG has dropped from around $14 a tonne a year ago to under $8 and I'd not be putting any of my money on betting that things will improve any time soon. Just wait till the rock solid contracts with the Chinese are renegotiated ala iron ore. The income hit is going to be massive. We'll be shipping iron ore coal and gas for cost price at best, with the capital costs written off.

The fact we have no reservation policy is mind blowing. We're happy to ship it off rather than use it to increase the value of the gas multiple times. We're pushing the fertiliser and explosives industries off shore because of the idiotic idea of the free market when there is no such thing these days. Manufacturing on the east coast will be affected as well.

We truly borked
 
sydboy007 said:
The fact we have no reservation policy is mind blowing. We're happy to ship it off rather than use it to increase the value of the gas multiple times. We're pushing the fertiliser and explosives industries off shore because of the idiotic idea of the free market when there is no such thing these days. Manufacturing on the east coast will be affected as well.

We truly borked
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Absolutely right.

How many companies exporting gas out of Australia ? Less than 10 probably. How many businesses are gas consumers ? Thousands.

Why are we giving a commercial advantage to a few companies, while increasing the costs for thousands of local businesses not to mention consumers ?

We really are being ruled by a few large corporate donors to politicians.
 
SirRumpole said:
Absolutely right.

How many companies exporting gas out of Australia ? Less than 10 probably. How many businesses are gas consumers ? Thousands.

Why are we giving a commercial advantage to a few companies, while increasing the costs for thousands of local businesses not to mention consumers ?

We really are being ruled by a few large corporate donors to politicians.
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Santos is lobbying to get approval for a massive CSG project in Narimbri [?] - North West NSW. The gov't seems to be onboard but don't think approval is given yet. There's still some community objection and concerns about the environment.

Well. The project could supply 50% of NSW needs... and since a bunch of established projects supplies are going overseas; reducing supply to the domestic market... best solution seems to not object to new projects or pay 30 to 50% increase in prices.

Man, you got to admire how these guys will get what they want.

and btw, i own a fair bit of Santos so yea... Let's not be too critical, haha
 
luutzu said:
Santos is lobbying to get approval for a massive CSG project in Narimbri [?] - North West NSW. The gov't seems to be onboard but don't think approval is given yet. There's still some community objection and concerns about the environment.

Well. The project could supply 50% of NSW needs... and since a bunch of established projects supplies are going overseas; reducing supply to the domestic market... best solution seems to not object to new projects or pay 30 to 50% increase in prices.

Man, you got to admire how these guys will get what they want.

and btw, i own a fair bit of Santos so yea... Let's not be too critical, haha
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The thing Ihate about the argument of we hve to do CSG to lower domestic gas prices is that unless the gas is reserved for the domestic market it will have a negligible affect as it will be sold on the international market unless locals are will to pay the asian market price.

Our best hope is the Chinese build the pipelines from Russia on time, USA fracking companies keep cutting costs, QATAR ramps up demand and the gas glut forces further falls in prices so we end up paying maybe $6 AUD mmBtu - roughly USA domestic prices. Current LNG spot prices now down to $7.36 USD mmBtu. I'm not sure what the whole LNG process adds to the cost base, but would think we need another $1.50-2.00 in spot prices to stop further loss of manufacturing.

How this issue is swept under the carpet is beyond me. Prob have to wait for further residential bill shock before it's on the political agenda, but by then it will be too late. To think it's OUR gas, yet we've lost the right to use it without paying top $$$$.
 
It's not just businesses which use gas which are affected by rising prices.

Gas is, or more correctly has been until now, the second largest source of electricity in Australia. As gas prices go up, so too will electricity prices and overall it affects practically everyone. There aren't too many businesses which use zero electricity in their operations and also don't use gas. Farms in areas off the grid perhaps, but that's about it.
 
What a scumbag Bronwyn Bishop is:

Clayton Long was preparing the business class cabin for take-off when rumour began to spread. Something was wrong; a passenger was causing a stir at the gate.

It was the year 2000, or thereabouts. Long was a Qantas flight attendant for 27 years, so it's not surprising he can't remember the precise date of this particular Perth to Sydney flight. But he's adamant he remembers how it unfolded.

"We were told that the plane was going to be delayed," Long says. "We weren't told the exact reason at the time. It stretched out a little bit. Then we were told it was Bronwyn Bishop causing the problem."

The way Long tells it, the delay stretched on for 10 minutes and then 20. Everyone else was on the plane and wanted to know: what the hell was going on?

"It was because she didn't get the seat that she prefers. She likes the front row of business class," Long says. "But business class was full with the exception of two seats. She was given the seat with no one next to her but she still wasn't happy."

After half an hour or so Bishop was finally coaxed on board, Long says. If she didn't take her assigned seat the plane would leave without her.

"She made her displeasure very clear when she got on to the aircraft," Long says.

Long was the senior attendant and his underlings were visibly scared of this formidable woman. He decided he'd give Bishop, then a Howard government minister, the best personal service he could in an effort to smooth things over.

It didn't go well.

"She wouldn't take anything. She was like a spoilt child," he says. "I just thought it was incredible. She's paid by the Australian taxpayer. To even get into her mind that she's entitled to a particular seat just floors me."

Read more: http://www.smh.com.au/federal-polit...as-changed-20150725-gijfcv.html#ixzz3gyP1QWut
 
banco said:
"She wouldn't take anything. She was like a spoilt child," he says. "I just thought it was incredible. She's paid by the Australian taxpayer. To even get into her mind that she's entitled to a particular seat just floors me."
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Labor in the lead up to the 2007 election missed an opportunity here.

With Bronnie on their side leading the party instead of Kev, they could have had the added bonus of a legitimate first female PM and from the outset.
 
banco said:
What a scumbag Bronwyn Bishop is:

Clayton Long was preparing the business class cabin for take-off when rumour began to spread. Something was wrong; a passenger was causing a stir at the gate.

It was the year 2000, or thereabouts. Long was a Qantas flight attendant for 27 years, so it's not surprising he can't remember the precise date of this particular Perth to Sydney flight. But he's adamant he remembers how it unfolded.

"We were told that the plane was going to be delayed," Long says. "We weren't told the exact reason at the time. It stretched out a little bit. Then we were told it was Bronwyn Bishop causing the problem."

The way Long tells it, the delay stretched on for 10 minutes and then 20. Everyone else was on the plane and wanted to know: what the hell was going on?

"It was because she didn't get the seat that she prefers. She likes the front row of business class," Long says. "But business class was full with the exception of two seats. She was given the seat with no one next to her but she still wasn't happy."

After half an hour or so Bishop was finally coaxed on board, Long says. If she didn't take her assigned seat the plane would leave without her.

"She made her displeasure very clear when she got on to the aircraft," Long says.

Long was the senior attendant and his underlings were visibly scared of this formidable woman. He decided he'd give Bishop, then a Howard government minister, the best personal service he could in an effort to smooth things over.

It didn't go well.

"She wouldn't take anything. She was like a spoilt child," he says. "I just thought it was incredible. She's paid by the Australian taxpayer. To even get into her mind that she's entitled to a particular seat just floors me."

Read more: http://www.smh.com.au/federal-polit...as-changed-20150725-gijfcv.html#ixzz3gyP1QWut
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Reminds me of that South Korean airline executive whose daddy was the Chairman. She goes nuts when a host gave her a bag of nuts instead of serving it on a plate. She fired the guy, forced the plane to taxi back to the gate so that crew member can be kicked off the plane.

Maybe Labor should "try" to get Bronwyn fired but let her stay around for election season.
 
Sounds like we're going to be well and truly bent over on the TPP

Robb says

“It could be done this week,” said Trade Minister Andrew Robb last night, as he prepared to depart for what he hopes will be one final round of talks in Maui, Hawaii.

“There’s no guarantees but the whole mood has shifted”, he said, referring to a last-minute US Congress decision to give the White House autonomous negotiating powers.

“We’re close enough, we’re down to the really difficult ones – like sugar.”

Aside from Australia’s long-suffering sugar farmers, who have missed out in previous trade deals, Mr Robb said divisions remain over a US proposal to extend intellectual property protections for “biologics”, which would increase the price of medicines.
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We have a number of promises from the Govt as released in the DFAT fact sheet - https://dfat.gov.au/trade/agreements/tpp/resources/Pages/myths-versus-realities.aspx

Third myth: the TPP will result in higher prices for medicines in Australia

Reality: no

The Government has stated clearly that it will not accept an outcome in the TPP which adversely affects the Pharmaceutical Benefits Scheme or our health system more generally, or an outcome that increases the price of medicines for Australians.
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If not OK then why did Howard allow this to occur in the AUS-US FTA?

Fourth myth: the TPP Investor State Dispute Settlement (ISDS) provisions will allow foreign companies to sue the Australian government if a foreign company makes a loss on its investments in Australia

Reality: no

ISDS provisions provide an opportunity for investors, including Australian investors, to protect their investments overseas against expropriation and to ensure that they are afforded a certain minimum standard of treatment, and treated in a non-discriminatory manner. ISDS does not protect an investor from a mere loss of profits and does not prevent a Government from changing its policies or regulating in the public interest. Modern ISDS mechanisms incorporate explicit safeguards to re-affirm the right of governments to take decisions in the public interest, including in the areas of health and the environment, and reduce the chances that foreign investors bring frivolous claims.
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So absolutely no repeats of the issues we're facing due to the AUS-HK FTA? We're not going to be faced with policy via Global corporation rent seeking?

Sixth myth: the TPP will require changes to Australia’s intellectual property arrangements, including our copyright and enforcement regimes

Reality: no

The Government is negotiating intellectual property provisions in the TPP within the framework of Australia’s existing laws and policies and does not support any proposals that would require changes to Australia’s current intellectual property arrangements, including our copyright and enforcement regimes.
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If we're not royally fraked over the above issues, and more, I'll truly believe i saw a flying pig on the weekend.
 
sydboy007 said:
...

If we're not royally fraked over the above issues, and more, I'll truly believe i saw a flying pig on the weekend.
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Did Bronwyn went to another fundraiser?


Incredible that this TPP and its cousins, both across the Pacific and also the Atlantic, are being discussed and negotiated and we the people knew nothing about it except from a few leaks. And the leaks are only discussed in alternative media while the mainstream media gawk over prince George and the Kadashians.
 
SirRumpole said:
Problem is its all being done out of public scrutiny.

It's something that needs a Parliamentary vote not an executive decision.
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What have got that could possibly be competitive given our diminutive size and consumer mentality. Free trade wot?
 
Tisme said:
What have got that could possibly be competitive given our diminutive size and consumer mentality. Free trade wot?
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Exactly. What are we going to export to China that they don't already have in return for the stuff they send here ?

It's a one sided agreement that will benefit very few in this country.
 
SirRumpole said:
Problem is its all being done out of public scrutiny.

It's something that needs a Parliamentary vote not an executive decision.
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You mean the open and transparent government we were promised?

OOOHHH. Another non core pre election throw away.

The fact that the deal has been so hush hush is so wrong. If this is for the good of the country then surely we the people of said country deserve to know what our self sacrificing pollies have been beavering away on to make our lives better /sarc.
 
Does anyone have a problem with this ?

I don't

Treasurer Joe Hockey flags removal of GST threshold for all overseas online purchases
By political reporter Anna Henderson


Federal Treasurer Joe Hockey says the Government is considering imposing the Goods and Services Tax (GST) on all overseas online purchases.

Internet shoppers have enjoyed tax exempt status for purchases less than $1,000.

The Government has been pushing for the GST threshold to be dramatically lowered to $20, arguing that would bring Australia in line with the United Kingdom, Canada and the United States.

Now Mr Hockey has said the threshold could be removed completely.

"It may well go to zero as well," he said.

"We are currently discussing the matter.
Take our GST quiz
How well do you know the 'never, ever' consumption tax you pay every day?

"It is something that the state treasurers and myself have been working on for more than 12 months."

Assistant Treasurer Josh Frydenberg said last week that Australia was currently "an outlier" by exempting such expensive imports from consumption taxes.

"In the UK they apply the GST to goods and services bought overseas online from 15 pounds; in Canada the threshold is 20 Canadian dollars; in the US they apply their GST or VAT equivalent to all goods bought online from overseas," Mr Frydenberg said.

"So at $1,000, the Australian threshold has really been out of sync with the rest of the world."

Shadow treasurer Chris Bowen said Labor was willing to work with the Government on reducing the GST threshold and had requested a briefing on the latest advice.

"This is a critical issue for Australian small businesses competing with overseas-based online retailers," Mr Bowen said.

"It's unfair and puts Australian businesses at a competitive disadvantage."

more at

http://www.abc.net.au/news/2015-07-27/gst-online-shoppers-could-lose-exemption-joe-hockey/6650222
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