Monday 20 May 2013

Abbott revisits superannuation at your expense


THEN

House of Representatives Hansard STATEMENTS BY MEMBERS 25 September 1995:

Superannuation

Mr ABBOTT —Compulsory superannuation is one of the biggest con jobs ever foisted by government on the Australian people. If the Prime Minister (Mr Keating) was a private businessman, chances are that he would be before the courts for false and misleading advertising. The basic objective of compulsory superannuation is that the government is taking our money now so that it does not have to pay us a pension when we retire. The government is making us worse off now so that it will be better off in the future.
Over the last six months, the employer of a constituent of mine has paid $993 into his compulsory superannuation fund. The fund charged $28 in administration, bookkeeping fees, et cetera, and earned $38 in interest. My constituent should have been $10 better off. However, the government has charged $208 in contributions tax so that my constituent is actually $198 worse off over the last six months. This is the fine print that the Prime Minister never tells you about—the fees, the charges and, above all, the taxes. I say to the voters of Australia, `Beware! There is no pot of gold at the end of the superannuation rainbow. Any money you put in is your money and you are certain to get back less than you put in.'

NOW

Tony Abbott’s Register of Member’s Interest Statement 21 October 2010:
The Notional Employer Contribution Rate paid by the Commonwealth Government into the Parliamentary Contributory Superannuation Scheme is 40.0% of total salaries, including additional allowances, at a nominal cost to taxpayers in 2013 of $822.3 million in projected accrued liabilities.

Australian Leader of the Opposition Tony Abbott in his Budget Reply Speech of 16 May 2013 states he will not raise the compulsory superannuation contribution paid to Australian workers to 12 per cent:

I announce that we will delay by two years the ramp up in compulsory superannuation because this money comes largely from business  – not from government…..

Apparently one publisher has determined that Australian voters need not cast their ballots on 14 September 2013


Forty-four days before the Australian electorate goes to the polls Allen & Unwin and Kerry-Anne Walsh seem to ‘know’ with certainty the federal election results - the political demise of the Prime Minister.

 PRE-ORDER NOW!
RELEASED ON 01/08/13
Published 1st August 2013. Typically received 2-3 working days after despatch

Synopsis This is the story of one of the most extraordinary episodes in recent Australian political history, of how a powerful media pack, a vicious commentariat and some of those within her own party conspired to bring down Australia's first woman prime minister.

Sunday 19 May 2013

Metgasco has changed its registered office/business address and gone upmarket


From Friday 10 May 2012 Metgasco Limited’s registered office and principal place of business is at: 

Level 11, 2 Elizabeth Plaza, North Sydney NSW 2060

Metgasco CEO Peter Henderson and the rest of the executive team now have slightly more upmarket offices than before from which to lobby all three tiers of government concerning its plans to turn areas of the Northern Rivers into coal seam gas fields.

Level 11, 2 Elizabeth Plaza, North Sydney

ADDRESS
Part Level 11, 2 Elizabeth Plaza NORTH SYDNEY
LISTING ID
14626
DESCRIPTION
Part Level 11 is a refurbished whole floor plus large balcony with brilliant views towards the city and harbour. 

Boutique building comprising 12 office levels, ground floor retail outlets and 3 secure basement car park levels. Modern entry foyer with three lift risers, floor by floor air-conditioning, on-site building management and 24 Hour security system. Signage opportunities also available. 

2 Elizabeth Plaza is located on the corner of Mount Street within the Heart of North Sydney, fronting the Pacific Highway. Central Location within 200 metres of the North Sydney Railway Station and close proximity to bus terminals.
AREA (SQM) 224 sqm  
RENT (PSM) $500 Net
RENTAL PA $112,000  
OUTGOINGS Outgoings are currently estimated at $130.20 sqm  
GST All prices quoted are exclusive of GST.  
PARKING Via Wilsons Parking  

Saturday 18 May 2013

What Abbott's axing of "the twice a year supplementary allowance to people on benefits" would mean to the Northern Rivers


In his Budget Reply Speech of 16 May 2013 the Australian Opposition Leader Tony Abbott stated:

Tonight, I confirm that we won’t continue the twice a year supplementary allowance to people on benefits [Hansard,16 May 2013,p.91].

The only supplementary allowance which appears to fit Tony Abbott’s wording is the Income Support Bonus.

This seems to be confirmed by the following media report:


These figures equal the annual amount of the Income Support Bonus.

The Income Support Bonus is paid to those receiving the following:

ABSTUDY Living Allowance
Austudy
Exceptional Circumstances Payment
Newstart Allowance
Parenting Payment
Sickness Allowance
Special Benefit
Transitional Farm Family Payment
Youth Allowance

Given demographics across the Northern Rivers, if the Gillard Government were to be defeated and this payment were to cease sometime after September 14, then a conservatively estimated 40,000 residents will be missing out on money they first began to receive on 20 March 2013.

In the Page electorate alone in December 2012 there were:

157 people receiving the Abstudy Living Allowance
304 receiving Austudy
N/K people receiving Exceptional Circumstances Payment
5,795 people receiving Newstart Allowance
4,207 people receiving Parenting Payment
67 people receiving Sickness Allowance
<20 people receiving Special Benefit
N/K receiving Transitional Farm Family Payment
1,331 people receiving Youth Allowance

Under an Abbott government around 10,000 people in the Page electorate would no longer receive the Income Support Bonus, a similar number would lose out in the Lyne electorate and, even higher numbers in the Cowper and Richmond electorates.

Most of these would be single parents, families on low incomes and the unemployed.

Readers can look up the figures in their own electorates here.