Corporations should be bracing for a Super Profits Tax

Greens Treasury spokesperson, Senator Nick McKim, has responded to the Treasurer’s Ministerial Statement on the Economy.

“The Treasurer has just told Australians to brace for higher unemployment and further real wage cuts because interest rates are going to go up.

“But the Treasurer said nothing about what big corporations should brace for.

“The share of national income going to corporate profits are at record highs, and the share of national income going to wages are at record lows.

“Corporate profiteering is fuelling inflation, not wages.

“Yet the Treasurer was silent about profits in his statement today.

“Instead of giving them a free pass, the Treasurer should be telling corporate Australia to brace for a super profits tax.

“The Greens took to the election a package of super profits taxes that would apply to companies with a turnover of greater than $100m, mining projects, and oil and gas projects, the latter being a ‘fixed-up’ PRRT.

“Together, these three super profits taxes would raise $460B in additional revenue over the next decade that could be used to provide cost-of-living relief by funding the provision of high quality free public services, such as free childcare, truly free public education, and putting dental into Medicare.”

Is Labor running protection racket for CFMMEU paymasters?

More disgraceful thuggish behaviour by the Labor Government’s paymasters, the CFMMEU, including disgusting homophobic slurs, has been exposed by the Australian Building and Construction Commission.

Less than a week after Labor Minister for Employment and Workplace Relations Tony Burke neutered the ABCC by reducing its powers to the “bare legal minimum”, the Federal Circuit and Family Court yesterday fined the CFMMEU and two of its officials $151,200 for right of entry breaches on the Queensland Cross River Rail project.

Senator Cash said: ‘’The successful prosecution, brought by the ABCC before it was neutered by Mr Burke, is more proof that the tough cop on the beat is still desperately needed in the building industry.”

“Mr Burke and the Labor Government are running a protection racket for the CFMMEU by abolishing the ABCC,” she said.

“But that’s hardly surprising when the CFMMEU gives them so much money that the Labor Government should actually be considered a wholly owned subsidiary of the militant union,’’ she said.

The Court found that, on 15 April 2020, whilst at the Boggo Road site, CFMMEU official Andrew Blakeley aggressively “chested” a representative of the site occupier by walking towards him with his (Blakeley’s) chest puffed and arms bent at the elbows in an imposing and aggressive stance and later stood in the path of a truck to delay it from proceeding down a road and refused requests to leave the area.

Judge Vasta said that he had “absolutely no doubt” that Mr Gibson calling the safety advisor a ‘pumpkin eater’ was “meant as a homophobic slur”. In support of that finding, Judge Vasta referred to a subsequent offensive comment made by Mr Blakeley to the safety advisor that suggested that he was trying to look at Mr Blakeley’s penis whilst in a toilet block.

The conduct of the CFMMEU organisers on that day contravened the right of entry provisions in the Fair Work Act 2009. In penalising Blakeley and Gibson $12,600 respectively, the Court ordered that they must pay the penalties personally.

Judge Vasta said: “The antecedents of the [CFMMEU] are notorious. I have previously described them as the “greatest recidivist offenders in Australian corporate history” and many other judges have also noted their infamous past.

“There is no other “appropriate” penalty that will achieve the deterrent effect necessary other than the imposition of the maximum penalty.

“I acknowledge that this penalty will still be insufficient to deter the [CFMMEU] who will, as I remarked during the hearing, regard such a sum as “chump change”.

Senator Cash said: “Mr Burke and the Government should hang their heads in shame for leaving the construction industry and its workers unprotected from this sort of disgusting behaviour.’’

Labor Government failing our borders

The Albanese Government is risking lives with mixed messaging on Australia’s border policies.

The Australian Border Force’s Operation Sovereign Borders (OSB) has today confirmed four vessels carrying 125 people from Sri Lanka were stopped in June, 2022.

Alarmingly, the Sri Lankan Navy has reportedly stopped additional boats within their jurisdiction.

Some of these boats had children on board, facing treacherous conditions.

This is the harsh reality of what happens when a government signals it is weak on Australia’s borders.

I am calling on Labor to do the right thing by keeping Temporary Protection Visas – a key pillar of OSB – and protect lives, instead of preferencing ideology.

Last time Labor was in government more than 50,000 people arrived here illegally on more than 820 boats. Tragically, at least 1,200 people died at sea.

The question Labor needs to answer is why are all these boats arriving now?

Sending mixed messages – particularly in relation to Temporary Protection Visas – creates opportunity for people smugglers to prey on vulnerable people.

It is crucial to our national security and our sovereignty that we maintain the integrity of Australia’s borders.

Australia encouraged to get behind our Aussie athletes as the Commonwealth Games begin

Australia is a fantastic sporting nation and the best of our amazing athletes will begin competing at the 2022 Commonwealth Games in Birmingham this Friday.

From the 28th of July to the 4th of August, more than 420 elite Australian athletes will compete across all 21 sporting disciplines wearing the Green and Gold.

“I have no doubt Australians right across the country will be cheering our athletes by interacting on social media using #BeBoldinGold and even becoming inspired to take up a new sport,” Shadow Minister Ruston said.

“Australia’s representation at the 2022 Commonwealth Games is a credit to all of the coaches, support staff, families and importantly local communities who support our athletes to train and prepare for events on the world stage. I’m excited to soon be watching our Athletes make us proud to be Australians.

Federal Member for Capricornia Michelle Landry congratulated Queensland athletes on achieving the impressive feat of being selected to compete in the Commonwealth Games.

“It is a great honour that my state has 122 representatives at the 2022 Commonwealth Games.

“I encourage everyone in Queensland to support our amazing Australian athletes,” Ms Landry said.For more information about our amazing athletes, and to keep up to date with their achievements, visit https://www.birmingham2022.com/

Local youth experience a taste of local government

Students from six local high schools have gained a unique perspective into local government by participating in City of Newcastle’s annual Youth Mock Council this week.

Established in 2018 as a way to engage more young people in the process of local government and strengthen youth voice in local planning and decision making, the two-day event is facilitated by the Newcastle Youth Council Advisory Committee and supported by City of Newcastle.

Local high school students prepare to hold a mock council meeting in the former Council Chambers at City Hall with current Councillors Deahnna Richardson, Callum Pull and Elizabeth Adamczyk

The event kicked off on Thursday with a series of workshops involving current Newcastle Councillors Deahnna Richardson, Elizabeth Adamczyk, Charlotte McCabe, Callum Pull and John Mackenzie, which were designed to teach the students how to form committees, identify an issue and develop tangible actions to deliver a potential solution.

These issues were transformed into mock Notices of Motion ahead of a simulated Council meeting held in the former Council Chambers at City Hall today, where the draft motions were presented to the participating Councillors.

The Youth Mock Council provides our future young leaders with an invaluable opportunity to engage with City of Newcastle and its elected officials to discuss important local issues and workshop ways to bring about positive social change.

Participants involved in this year’s Mock Council included students from Callaghan College’s Wallsend and Waratah campuses, Cooks Hill Campus High School, Hunter Sports High School, Merewether High School and Newcastle High School.

Biosecurity blueprint to safeguard NSW agriculture

Primary producers will have the opportunity to provide feedback on a NSW Government plan to safeguard the State’s $21 billion food and fibre industry, as part of an upgraded biosecurity strategy.
 
Minister for Agriculture Dugald Saunders said the purpose of the strategy is to:

  • Set a clear vision for biosecurity and food safety in NSW; 
  • Map strategy objectives for Government, industry, and the community; and
  • Outline key activities that will guide decision-making for farmers.

“The NSW Biosecurity and Food Safety Strategy 2022-2030 will be our blueprint for protecting the livelihoods, economy and environment against biosecurity and food safety risks,” Mr Saunders said.
 
“Biosecurity and food safety are shared responsibilities and everybody’s business.
 
“Recent outbreaks of Foot and Mouth Disease and Lumpy Skin Disease in Indonesia and varroa mite in NSW have shown us the critical need to be prepared, now and into the future.
 
“We have been working hard to build NSW’s capability and capacity to manage risk, invest in tools and technologies, and improve how we work together so we can better prevent and respond to threats and minimise any negative impacts.
 
“Your feedback and insights will help create a strategy we can deliver together to help fortify our economy, industry, environment and community for years to come.” 
 
The strategy demonstrates a strong commitment to protecting NSW from biosecurity and food safety threats and builds on the government’s record investment of $163.9 million in biosecurity protection announced in the 2022-23 State Budget.
 
The draft NSW Biosecurity and Food Safety Strategy 2022-2030 is open for input online, www.dpi.nsw.gov.au/draft-bfs-strategy, until Thursday, 1 September 2022.  
 
The Biosecurity Strategy will draw on the concept of ‘One Health’, which recognises the relationship between animal, plant and human health and the interdependencies between optimal biosecurity, food safety, and economic, social and environmental prosperity.
 
You can help protect NSW by reporting any suspect or unusual pests and diseases to NSW DPI via an online form or by calling the NSW DPI Biosecurity Helpline, 1800 680 244.

100,000 Seniors now using digital Seniors Card

Seniors in NSW are continuing to embrace digital with more than 100,000 people now taking advantage of the digital Seniors Card.
 
Minister for Customer Service and Digital Government Victor Dominello said while there would always be a non-digital version, it was great to see so many seniors taking advantage of the digital option to access discounts and benefits on dining out, entertainment and travel.
 
“This milestone shows the seniors of NSW are confidently using digital products and demonstrates the real impact and benefits these solutions can have in all age groups,” Mr Dominello said.
 
“After a successful pilot in March involving 4,000 people, we are currently seeing more than 30,000 people getting their digital Seniors Card each month.
 
“We are now looking at ways we can continue to expand the program with a focus on businesses, and we are developing an application process similar to the successful Dine & Discover NSW program which will enable many more to easily sign up.”
 
Minister for Seniors Mark Coure said it was great to see 100,000 people take up the digital option in just a few months.
 
“The Seniors Card has come a long way since it was first introduced in 1992—it is now the largest program of its kind in Australia,” Mr Coure said.
 
“For 30 years, it has been helping ease the cost of living for card holders by providing access to discounts and rebates at shops, travel, entertainment and professional services providers.
 
“There are more than 6,500 businesses and service providers with discounts, and I encourage more to follow.”
 
To find instructions on how to add a digital Seniors or Senior Savers Card to the Service NSW app, or to learn more visit service.nsw.gov.au/campaign/nsw-seniors-card-program

More energy unleashed to improve reliability

Households can soon enjoy more reliable and affordable energy with the completion of upgrades to the Queensland to New South Wales electricity Interconnector (QNI).
 
Minister for Energy Matt Kean said the $236 million project upgraded 300 kilometres of transmission lines and replaced 58 towers between Liddell, Muswellbrook and Tamworth.
 
“This vital infrastructure will boost interstate transmission capacity by over 190MW from QLD to NSW, and 460MW from NSW to QLD, making it easier to share lower-cost generation between the two states,” Mr Kean said.
 
“We expect this priority project to provide net benefits of $170 million to electricity customers and producers.
 
“It will help to reduce electricity bills for households and provide a more reliable and affordable energy supply for the people who live, work and play in NSW.”
 
Mr Kean said the QNI is part of the NSW Government’s plan to modernise the infrastructure needed to support the energy transition and cater for forecast increases in energy demand.
 
“The interconnector upgrades will also support the development of renewable generation in new energy zones across both states, as coal-fired generators retire and we transition towards a grid predominately supplied by renewable energy sources,” Mr Kean said.
 
“It’s another example of this government getting it done. The NSW Government and the Australian Government provided $102 million of joint-underwriting to facilitate and fast track this project.”

NSW Office in Mumbai open for business

NSW businesses seeking trade and investment opportunities with emerging economic powerhouse India, will have the benefit of a dedicated NSW trade and investment hub, with the opening of the NSW Government Office Mumbai in the thriving city’s Bandra Kurla Complex business precinct.
    
NSW Premier Dominic Perrottet today officially opened the new Mumbai office solidifying the state’s on-the-ground presence aimed at promoting NSW exports, boosting investment and welcoming Indian students and tourists back to the state.
 
“Our strong relationship with India is underpinned by shared values and interests, and today marks the beginning of an exciting new chapter of trade and investment relations between India and NSW,” Mr Perrottet said.
    
“India is a key Indo-Pacific partner to Australia and an economic juggernaut. NSW is proud to partner with India’s government and business community to drive greater prosperity for the people of our two nations.”
 
“Increasing NSW’s trade presence here will ensure our state is front of mind as India continues its economic rise. Today we open up a world of trade and investment opportunities for NSW businesses and workers.”
    
In 2020-21 India was NSW’s third-largest source of international students, sixth largest source of tourists and 11th largest two-way trading partner, with two-way merchandise trade reaching $4.6 billion.
 
Minister for Enterprise, Investment and Trade Stuart Ayres said the office will work to deliver direct benefits for NSW by attracting Indian investments in NSW, helping boost business opportunities to benefit the local economy.
 
“India is NSW’s most important business partner, with significant export opportunities across a range of sectors including food and beverage, education and edtech, health and medtech and technology,” Mr Ayres said.
 
“We have been working closely with our local businesses to support their export and expansion to India and these efforts will be boosted by the opening of the Mumbai office.”
 
To boost awareness of Investment NSW’s presence in India, a new strategic marketing campaign is now live, operating across digital platforms including LinkedIn and in print in India’s leading daily newspaper The Economic Times.
 
Vish Padmanabhan, NSW’s Senior Trade and Investment Commissioner to India and the Middle East, said his team will help NSW businesses take advantage of the new Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) bilateral trade agreement.
 
“I’m honoured and excited to lead this office and team during a time of great opportunity for the state. NSW is eager to grow its trade and investment with India under the AI-ECTA agreement – an interim step towards a full free trade agreement, which will benefit our food and agribusiness, mines and minerals, technology and education sectors significantly,” Mr Padmanabhan said.
 

Super profits tax needed to offset rising inflation

Greens Treasury spokesperson, Senator Nick McKim, has responded to the release of today’s inflation figures.

“The government should introduce a corporate super profits tax to help ease cost of living pressures, including by fixing up the Petroleum Resource Rent Tax (PRRT).

“And they should use the additional revenue to provide cost of living support, such as by putting dental into Medicare and making childcare free.”

“COVID disruption and energy price hikes are driving inflation globally.

“But inflation is also being driven by corporate profiteering.

“The share of national income going to profits is at record highs.

“But wages’ share is at record lows and workers are being asked to brace for further real wage cuts.

“Workers are not to blame for higher inflation but they are the ones feeling the pain.

“In particular, new homeowners and renters will be hit hard by expected further increases in interest rates.

“The Treasurer needs to be more than a reporter of bad economic news.

“Fiscal policy needs to be deployed to mitigate monetary policy overreach. 

“The Treasurer needs to heed the advice of the likes of Joseph Stiglitz and Rod Sims and tax excess profits to help cushion the impact of inflation.

“In particular, global gas giants are taking the Australian public to the cleaners while also fuelling the breakdown in the climate.

“On paper, the PRRT is already a windfall profits tax.

“But it is broken and being exploited, and the government should fix it.”