If you allow taxpayer incentives to only those who can afford to build a new home and at the same time demolish the value of established homes, don't you think that would have increased the gap between the rich and the poor.
Ain't going to happen, the new RBA boss owns three housesJust end negative gearing and CGT deductions and the rent seekers will sell out to owner occupiers and prices will drop.
Ain't going to happen, the new RBA boss owns three houses
The above article was somewhat prescient.The temporary insolvency protection rules have ended.
Plenty of businesses are now forced to declare themselves insolvent.
End to COVID-19 Insolvency Protections: Win For Creditors | Results Legal
On January 2021, as new insolvency reforms to support small business started, the COVID-19 temporary insolvency protections ended. Good news for creditors!www.resultslegal.com.au
At some stage the ATO will tighten up debt recovery in 2021 – are your clients at risk? - Rapsey Griffiths
Now the pandemic’s effects are letting up, it’s tipped that the ATO will start taking action to recover the debt. Additional resources are also likely to be allocated to the ATO to help them manage the significant task of collecting tax liabilities, especially historical ones predating COVID. To...rapseygriffiths.com.au
Still only a flesh wound.National insolvency appointments soared by 57 per cent in the June quarter as the Australian Taxation Office ramped up its debt collection activities, with cash-strapped small and medium businesses in the middle of a “perfect storm”.
Insolvency Australia director Gareth Gammon said it has been a “tough year” with a significant increase in winding-up applications and ATO-initiated court recovery, particularly over the past quarter.
“Over the past year there’s been plenty of discussion in the sector about the incoming insolvency wave,” he said. “It started with a trickle and it’s now become more of a surge as economic pressures and the ATO’s debt collection activities combine to create the perfect storm.
“Beyond this last quarter, we’re now seeing an increase in court wind-ups by the big four banks, which means the next few months could well be equally challenging.”
According to the Corporate Insolvency Index, in the fourth quarter of the 2022-23 financial year there were 3008 external appointments, compared to 1921 in the April-June quarter in 2021.
In terms of volume, NSW was at the forefront, recording 1169 corporate insolvencies. Tasmania recorded the greatest percentage increase (133 per cent), followed by the ACT (64 per cent), while NSW and Queensland both recorded a 59 per cent uptick. Victoria had a 54 per cent rise, South Australia 52 per cent and Western Australia a 50 per cent increase. The number of insolvencies in the NT remained unchanged from the previous year.
just the shere numbers are scary.States and territories will receive a “new home bonus” of up to $3bn if they help reach an updated target of 1.2m new homes over five years, the national cabinet has agreed.
The prime minister, Anthony Albanese, announced on Wednesday that the incentive payment will give jurisdictions $15,000 for every home delivered above the old target of 1m homes over five years from July 2024 in a bid to boost supply and improve affordability.
https://www.theguardian.com/austral...-watch-for-at-labor-party-national-conference
The federal government will also provide $500m through competitive funding for local and state governments to help bring “well-located” new housing supply online by connecting essential services, amenities to support new housing development, or building planning capability.
Albanese told reporters in Brisbane that “supply is the key to putting downward pressure [on rent] and assisting renters”, along with a package of “sensible renters’ rights”.
What is it about Pm's making grandiose promises they know cannot be kept?
Albanese has promised to build 1.2 million homes over 5 year.
From The Guardian
just the shere numbers are scary.
In 2020 there were around 190,000 houses built in Australia. to build the required 1.2 million houses will rrquire a further 240,000 houses a year for the 5 year period.
This is of course assuming that there will be sufficient extra tradies, sufficient extra timber, cement, bricks, plater tin etc etc.
I guess Alabanese's out is that so many of the constraints, land supply, approval processes, required infrastructure are all he problem of the states.
Stupid politicians, do they think everyone will conveniently forget this new and exciting promise?
Mick
It's amusing how certain pollies are castigated as liars, when not one could lie straight in bed.It's all BS. Just think about #BlackOutBowen s promises for electricity price reduction and XX% renewables by 2030. Where's my $275 reduction in electricity bill?
They are all liars.
Promises promises all made under the protction of patliamtary priviledge.It's all BS. Just think about #BlackOutBowen s promises for electricity price reduction and XX% renewables by 2030. Where's my $275 reduction in electricity bill?
Wayne there's that old saying "they couldn't be starightened out on the rack" some are so bent they couldn't even be put on one.It's amusing how certain pollies are castigated as liars, when not one could lie straight in bed.
They are all liars.
I don't mind the kid getting the internship. Nothing really dodgy there.
But, The Chairman's Lounge? Bidenesque.
View attachment 161230
The problem is the optics.Yeah, a bit of influence peddling there apparently, but I don't see why Albo should have to declare that as a 'registerable interest' as his son is not a minor any more so it doesn't affect Albo's interests.
Yeah, a bit of influence peddling there apparently, but I don't see why Albo should have to declare that as a 'registerable interest' as his son is not a minor any more so it doesn't affect Albo's interests.
Perhaps you just need to change pubs.Agree, the Chairman's Lounge is not registerable. But, if he knew about it, do you think he thought for a second, 'hmm, that might not look good'. I tested this at the pub last night. ????
The pub test these days IMO is would Scott Morrison have got away with it, if it was one of his daughters, I doubt it very much.
Or indeed Morrison and the SMH or the Guardian getting onto it.Albo hasn't "got away with it", he's been outed in the media.
Be sure your sins will find you out especially if you are Labor and the Murdoch media get onto it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?