ONE THIRD OF LARGE COMPANIES PAY NO TAX UNDER MORRISON DESPITE $24 MILLION AD CAMPAIGN

Despite spending $24 million on an advertising campaign promoting tax integrity, Scott Morrison continues to let multinational companies get away with paying little or no taxes. Data issued by the Australian Taxation Office today shows that 710 out of the 2214 companies examined failed to pay any tax in the 2017-18 tax year. Continue reading

LABOR WELCOMES RELEASE OF APRA MYSUPER HEATMAPS

Labor welcomes today’s release of MySuper heatmaps by the Australian Prudential Regulatory Authority. It’s a good start which puts the performance of Australia’s $2.9 trillion superannuation funds under the microscope. Continue reading

GOVERNMENT BREAKS PROMISE ON BANKING ROYAL COMMISSION

FACT: The House of Representative should at this very moment be debating two critical Banking Royal Commission Bills which protect every day Australians from unfair contract terms and dodgy funeral insurance providers as per the Government’s own forward program.                                 Continue reading

GOVERNMENT MORE INTERESTED IN UNION BUSTING THAN THE BANKING ROYAL COMMISSIONGOVERNMENT MORE INTERESTED IN UNION BUSTING THAN THE BANKING ROYAL COMMISSION

It’s the final sitting day for 2019 and the Government hasn’t even listed the Banking Royal Commission Bills meaning they won’t be passed this year.308 days after the report was handed down Scott Morrison and the Liberals have completed a pathetic 6 of the 76 Banking Royal Commission Recommendations, instead opting to prioritise their union busting bill. Continue reading

RENT-TO-RORT SCHEMES LEAVE VULNERABLE CONSUMERS MAROONED BY LOAN SHARKS

Vulnerable consumers will be better protected under proposed legislation set to be introduced into Federal Parliament today. The legislation, to be brought forward by Senators Griff and McAllister, will amend the National Consumer Credit Protection Act (2009) to toughen laws around payday loans and consumer leases to protect Australian families. Continue reading

GOVERNMENT VOTES AGAINST CORPORATE INTEGRITY MEASURES LEAVING LOCALS IN THE LURCH

On Wednesday morning, Scott Morrison and the Liberals voted against Labor amendments that would have put a stop to dodgy directors crashing companies on purpose.   This means locals like Tara Teo, an Illawarrra resident whose story was featured on A Current Affair earlier this year, will continue to be ripped off. Continue reading

LIBERALS PROTECT BANKS FROM SCRUTINY – AGAIN

It appears that the Morrison Government is once again standing between banks and public scrutiny. Reports this morning indicate that the Liberals will block Labor’s push to recall Westpac before the House of Representatives House Economics Committee after the bank reported 23 million breaches of money laundering laws - almost one breach for every Australian. Continue reading

WILL MORRISON VOTE TO GIVE FRAUDS A $15 BILLION FREE RIDE?

Tradies and small businesses could continue to lose $14.5 million a day from dodgy directors and illegal phoenix activity if Scott Morrison votes against Labor’s amendments to the Combatting Illegal Phoenixing bill today. Through these amendments, Labor will give the Government the opportunity to vote for their own plan to actually tackle illegal phoenixing and introduce a Director Identification Number. Continue reading

RETIREMENT INCOME REVIEW CONSULTATION PAPER

Today the consultation paper for the Government's review of the retirement income system has been released. Scott Morrison and Josh Frydenberg have created this Review as a stalking horse for more cuts to the pension and further delays to the legislated increase in the Superannuation Guarantee to 12 per cent. Continue reading

UNDERPERORMING FUNDS ON NOTICE

Today Shadow  Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones welcomed the release of APRAs superfund performance heat map. Improving transparency around fees and performance was one of the key recommendations of the 2019 Productivity Commission report into the superannuation system. Continue reading