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Shorten’s victory will bring dangerous counter strikes from a desperate government

POLITICS
View from the Hill: Shorten's victory will bring dangerous counter strikes from a desperate government Michelle Grattan, University of Canberra An extraordinary amount of hype and some confected hysteria preceded Tuesday’s vote on the medical transfer legislation. The government threw everything at trying to avoid a defeat. In a last stand, it...
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Words that matter. What’s a franking credit? What’s dividend imputation? And what’s ‘retiree tax’?

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Words that matter. What’s a franking credit? What’s dividend imputation? And what's 'retiree tax'? There are words you’ll need to understand. But imputation is complex, like the tax system. Wes Mountain/The Conversation, CC BY-ND Peter Martin, Crawford School of Public Policy, Australian National University You’re forgiven for being confused. Newspapers need to economise on...
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The government only wants you to focus on half the story – Labor’s taxes

POLITICS
When the prime minister started the year, a big line of his economic attack was the damage the ALP’s extra $200bn worth of tax would do the economy. On 14 January he told ABC Breakfast: “Now is not the time for Labor to go and dump $200 billion of...
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Banking RC Report: The banks have learned how to rort the system

POLITICS
The Banking RC Report marginalises small business borrowers, effectively calling them sore losers and whingers and telling them to bugger off once and for all, writes Dr Evan Jones. THE Financial Services Royal Commission Final Report has generated much froth and bubble in the media. Commissioner Hayne has chosen to emphasise the sins of...
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Coal miners derided climate action ‘sideshow’. Now it’s the main event

POLITICS
The Chief Judge refused the Rocky Hill Coal Project, near the mid-north coast town of Gloucester, on a range of grounds, all of which are important, but what his judgment says about climate change is of greatest significance. The court accepted the evidence put by Professor Will Steffen about...
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Negative gearing changes will affect us all, mostly for the better

POLITICS
Negative gearing changes will affect us all, mostly for the better Don’t have a negatively geared investment property? You’re in good company. Despite all the talk about negatively geared nurses and property baron police officers, 90 per cent of taxpayers do not use it. But federal Labor’s policy will still affect you...
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Politicians in 2014 held $300m in property, so how should they influence housing policy?

POLITICS
Canberra’s 226 MPs and senators own 524 properties between them – an average of 2.4 each – analysis by the ABC has found. Only 10 federal politicians don’t own property, meaning 96% of the total do, compared to the national average of just above 50%. And while the government remains strongly...
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Franking credits: everything you need to know

POLITICS
What are franking credits, how do they work and who is entitled to them? What is a franking credit? Franking credits are only available to Australian residents, and not to foreign owners of Australian companies. A franking credit is an entitlement to a reduction in personal income tax payable to...
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Bank leadership clearout needed to clean up culture

POLITICS
The current executives and boards of the nation's banks are not the right people to repair the financial industry's damaged culture, says Graeme Samuel, who is about to embark on a sweeping review of the banking watchdog in response to the royal commission. On the day of the shock resignations...
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Why NAB chairman Ken Henry lost his job

POLITICS
“To whom should boards be accountable?” as he would later distil it, posing the question to senior counsel assisting the royal commission, Rowena Orr, during what would prove a disastrous turn in the witness box. “Well, it’s a question for you, Dr Henry as the chair of NAB’s board,” an...
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