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LNP government.

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rusty nails View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 23 hours 15 minutes ago at 1:08pm
Why is it,when they are caught out,and pay it back, that’s the end of the matter?

For both sides of the house.

In the real world,paying it back is mitigating,but is not the resolution to the offence.
Normally there is a penalty of some description.
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Passing Through View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 22 hours 54 minutes ago at 1:29pm
Sam Dastyari says he feels for poor Matthias. 
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Second Chance View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 21 hours 44 minutes ago at 2:39pm
Hardly a first-time occurrence:

Finance Minister Mathias Cormann bills taxpayers $23,000 for weekend trips to Broome

Finance Minister Mathias Cormann, who is responsible for keeping government spending under control, billed taxpayers more than $23,000 for weekend trips to the beach resort town of Broome with his wife over five years.


Originally posted by Second Chance Second Chance wrote:

And pigs might fly:

Finance Minister Mathias Cormann repays Helloworld holiday flights after media queries

Updated 5 minutes ago

Finance Minister Mathias Cormann looks down and frowns.
Federal Finance Minister Mathias Cormann has said he didn't notice that he hadn't been charged more than $2,700 dollars in flights for a January 2018 family holiday to Singapore — an amount he repaid yesterday after being contacted by the media.
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Tlazolteotl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 21 hours 13 minutes ago at 3:10pm
Originally posted by Tlazolteotl Tlazolteotl wrote:

I can't think of any way the media would know about Coleman's freebie other than a HelloBoys dobber. Is it explained in the story?


And if that is the way the journo found out, the story of admin error doesn't work.
"Even the things that I believe in the most, I doubt.”
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Afros View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Afros Quote  Post ReplyReply Direct Link To This Post Posted: 15 hours 21 minutes ago at 9:02pm
How can we trust a man who didn't know if he had paid for a service to to be anywhere near the nations finances?
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Passing Through View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 15 hours 14 minutes ago at 9:09pm
Who rings the CEO of the company, who is also a friend, to book flights, that isn't expecting to get them free or at least upgraded seats?
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Afros View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Afros Quote  Post ReplyReply Direct Link To This Post Posted: 14 hours 46 minutes ago at 9:37pm
It was an honest mistake PT, he thought he rang the customer service line and when the CEO answered he just assumed he was filling in as someone was off sick.   
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 11 hours 26 minutes ago at 12:57am
Originally posted by Tlazolteotl Tlazolteotl wrote:

Former staffer admits Michaelia's AFP raid  on the AWU was politically motivated. No! get out of here. I'm shocked.

Could have been avoided by handing over the documents voluntarily - shouldn't the criminals be locked up and the whistleblower rewarded? ... not in Labor/Greens Union Land!Pig
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 11 hours 10 minutes ago at 1:13am
Originally posted by rusty nails rusty nails wrote:

Why is it,when they are caught out,and pay it back, that’s the end of the matter?

For both sides of the house.

In the real world,paying it back is mitigating,but is not the resolution to the offence.
Normally there is a penalty of some description.

Agreed - Hope he's paying closer attention to the Nation's Credit Card than he is his own ... maybe the National debt is less than we think!??

So many politicians are out of touch elitists - Victorian ALP Red T-shirts comes immediately to mind - only 3 or 4 HUNDRED MILLION paid back there ... but nothing to see! Embarrassed 

Helicopter rides? Ferrying your dog around in your taxpayer funded car? Claiming your Overseas Honeymoon with a staffer on travel allowance + the family holiday at Uluru? 

... I'm not sure, but I think Vikki and Barnaby's new bouncing baby boy might have even been born in a public hospital! ... unless Women's Weekly sprung for a private ward ...? Cry
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 11 hours 9 minutes ago at 1:14am
Originally posted by Passing Through Passing Through wrote:

Sam Dastyari says he feels for poor Matthias. 

Sam begged.
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 11 hours 3 minutes ago at 1:20am
Originally posted by Second Chance Second Chance wrote:

Hardly a first-time occurrence:

Finance Minister Mathias Cormann bills taxpayers $23,000 for weekend trips to Broome

Finance Minister Mathias Cormann, who is responsible for keeping government spending under control, billed taxpayers more than $23,000 for weekend trips to the beach resort town of Broome with his wife over five years.


Originally posted by Second Chance Second Chance wrote:

And pigs might fly:

Finance Minister Mathias Cormann repays Helloworld holiday flights after media queries

Updated 5 minutes ago

Finance Minister Mathias Cormann looks down and frowns.
Federal Finance Minister Mathias Cormann has said he didn't notice that he hadn't been charged more than $2,700 dollars in flights for a January 2018 family holiday to Singapore — an amount he repaid yesterday after being contacted by the media.

Yawn.Sleepy

Tony Burke to repay $90 but stands by $12,000 family trip to Uluru


Labor frontbencher Tony Burke says his family's $12,000 business class trip to Uluru was "beyond community expectations" but is standing by the claim, although he will repay $90 in travel expenses he claimed to attend a Robbie Williams concert.

https://www.smh.com.au/politics/federal/tony-burke-to-repay-90-but-stands-by-12000-family-trip-to-uluru-20150806-gisveb.html

Tony Burke’s tax-payer-funded luxury euro tour with staffer who became his partner


  • Labor frontbencher Tony Burke charged taxpayers $48,000 for luxury euro trip with staffer who is now his partner.
  • The pair flew first class to Barcelona in 2009.
  • His partner Skye Laris admits she fell in love with the man who hired and promoted her.
  • Burke says his expenses are “beyond community expectations”.

At a cost of $48,000 to taxpayers, the pair travelled first-class to Barcelona in 2009 where the then agricultural minister attended a food security forum, according to The Australian.

Shortly after the trip, Ms Laris was promoted to chief of staff which would allow her to accompany Mr Burke on his domestic and overseas jaunts.

In the chief of staff role, Ms Laris accompanied her boss on trips to China and Italy in 2009.

Mr Burke separated from his wife Cathy Bresnan-Burke in 2012 and two years later the pair went public with their relationship.

https://www.dailytelegraph.com.au/news/nsw/tony-burkes-taxpayerfunded-luxury-euro-tour-with-staffer-who-became-his-partner/news-story/f97a4fd6f8aa59c2055de0702a04f9fe




In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 10 hours 55 minutes ago at 1:28am
cont.

Tony Burke feels for Barnaby btw ... or Natalie ... one of them, or the kids ... or maybe nobody but Tony! Pig

Mr Burke separated from his wife Cathy Bresnan-Burke in 2012 and two years later the pair went public with their relationship.

TONY BOURKE’S FLIGHTS OF FANCY

At the time, The Australian reported that Ms Bresnan-Burke was less than impressed to learn of the love affair.

“I apologise to those of you who are supportive of this ‘recent’ development. But given the humiliation and distress I am feeling, having spent almost 26 years with Tony, I believe I am entitled to vent just a little,” she wrote on her Facebook wall, according to The Australian.

“I need to heal from what is a devastating loss and betrayal for me. Some would say this should be done in privacy and ordinarily I would agree but in this case nothing about this situation is private.”

Ms Laris is registered as Mr Burke’s spouse and their children are registered as dependants meaning Mr Burke can claim travel costs for Ms Laris and her two children, as well as for his children.


Embarrassed

In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 10 hours 52 minutes ago at 1:31am
Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

Why is it,when they are caught out,and pay it back, that’s the end of the matter?

For both sides of the house.

In the real world,paying it back is mitigating,but is not the resolution to the offence.
Normally there is a penalty of some description.

Agreed - Hope he's paying closer attention to the Nation's Credit Card than he is his own ... maybe the National debt is less than we think!??

So many politicians are out of touch elitists - Victorian ALP Red T-shirts comes immediately to mind - only 3 or 4 HUNDRED MILLION THOUSAND (thanks Whale!) paid back there ... but nothing to see! Embarrassed 

Helicopter rides? Ferrying your dog around in your taxpayer funded car? Claiming your Overseas Honeymoon with a staffer on travel allowance + the family holiday at Uluru? 

... I'm not sure, but I think Vikki and Barnaby's new bouncing baby boy might have even been born in a public hospital! ... unless Women's Weekly sprung for a private ward ...? Cry
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Afros View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Afros Quote  Post ReplyReply Direct Link To This Post Posted: 6 hours 30 minutes ago at 5:53am
Lets be honest, both sides are at it, we need a federal independent watchdog, thats the only solution.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 4 hours 24 minutes ago at 7:59am
Funny you should say that Afros.

Fun coincidence?




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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 3 hours 54 minutes ago at 8:29am

Most self-funded retirees have been receiving enormous amounts of other people’s money for a long time. Those with millions of dollars in superannuation have received hundreds of thousands of dollars worth of tax concessions over their lives. The most egregious was introduced by Peter Costello in 2007, when he made income from superannuation entirely tax-free. A wealthy Australian with a multimillion-dollar house and a million in superannuation can draw a pension of $100,000 per year and not pay a cent in tax. Someone working on the minimum wage of $37,398 per year pays more tax than a lot of our wealthiest superannuants.

Which brings me back to dividend imputation credits. Not many people understand dividend imputation for the simple reason that they are not rich enough to care about it. But once people do get rich enough to care, you better believe they pay attention. So stick with me for a paragraph or two. I promise it will be worth it.

Some of the wealthiest people in Australia pay negative tax. Whereas an Australian on a salary of $60,000 per year would pay income tax of $11,617, someone who inherited $1.2m worth of shares and received $60,000 per year in “fully franked dividends” would pay negative tax of $5,126 – they’d get money from the government. Work for a living and your take-home pay is $48,383 out of $60,000 before tax, but earn a passive income from franked dividends and your take-home pay is $65,126 out of $60,000 before tax.

Here’s how it works. Companies pay tax on their profits before they pay dividends to their shareholders. When the dividends arrive in the shareholders’ mail they come with “franking credits” which tell the shareholder (and the tax office) how much tax has already been paid on the profits.

We’re nearly there.

If the company paid 30% tax and the shareholder was in the 48% tax bracket then the shareholder would still need to pay an extra 18% tax on their dividends. But if the shareholder was in the 15% tax bracket then, because the company has already paid 30% tax, the shareholder is eligible for a refund of 15%. It’s a complicated system that most countries don’t bother with, but it makes some sense if you want to avoid “double taxation” ie companies and shareholders both paying tax on the same profits.

So far so good. But then Costello decided to punch a big, inequitable hole in our tax revenue bucket.

In 2001 Costello changed the law to give people who had more “dividend imputation credits” than they had income tax obligations, a cash refund for “spare dividend franking credits”.

Stick with me now, because things are about to get weird.

Usually to take advantage of a discount or a credit you have to buy the product. For example, while your local cafe might give you a “free coffee” after you earn 10 “coffee credits” on your loyalty card, try asking them to give you $5 instead.

But luckily for some of Australia’s wealthiest retirees, those rules don’t apply to our tax system. If you have lots of income from shares and no other source of “taxable income”, you pay negative tax – literally getting a refund for tax you never paid.

It gets worse.

In 2007, Costello declared that the money people aged over 60 pulled out of their (concessionally taxed) superannuation fund was not “taxable income”. And when you combine that with dividend imputation, we hit peak weird – or peak rort, depending on your perspective.

Imagine that you had $1.2m in superannuation and you were pulling out an annual income of $60,000 per year. Tax-free. Now imagine your aunt dies and leaves you her $1.2m in shares that pay fully franked dividends. You would now have two sources of income – tax-free super and negatively taxed dividends. In addition to your $120,000 per year you would also get a cheque from the ATO of $5,125. If your self-managed super fund has shares, you probably get another $5,000 to $25,000 worth of imputation credit refunds. And you get to call yourself “self-funded”!

And that, my friends, is why people other than you spend so much money on lawyers, accountants and financial advice. It’s also why Australia is one of the richest countries in the world but can no longer afford to ensure that pensioners in nursing homes get a decent feed.

According to modelling by the Australia Institute, cash refunds for spare dividend imputation credits cost the federal budget more than $5bn last year and more than half of those cash refunds will go to people with more than $180,000.


Richard Denniss is chief economist for the Australia Institute. His new book, Dead Right: How Neoliberalism ate itself and what comes next, is out now


https://www.theguardian.com/commentisfree/2019/feb/20/cashed-up-retirees-getting-a-refund-for-tax-they-never-paid-weve-hit-peak-rort


"Even the things that I believe in the most, I doubt.”
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Whale View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 3 hours 9 minutes ago at 9:14am
If self funded retirees receive tax free income and that is considered unfair look at revising their status and consider taxing them But franking credits are  there because the tax has been paid, nobody should be discriminated against.
The example of someone with $1 million in their fund drawing a pension of $100,000 is feasible but highly unlikely, just meant to portray them as evil greedy parasites. The minimum retirees must draw on a pension is 5% and most retirees take something like that, the reason being they want their funds to last as long as they do, possibly 20 years +. The stupid example of $100,000 means the person would exhaust his funds in just over 10 years, not a good strategy.  I suppose they could then go on the government pension Unhappy

I don't get his example of $1.2 million and another $1.2 million from aunt's estate, the limit per person in super is $1.6 million per person, I guess facts don't matter to him as long as he can besmirh self funded retirees.

If Labor feels they must do something at least have a cap, say $5000 or $10,000 in franking credits, that way those most dependent on the money will not be penalised, anything over that taxed at 15%


Richard Dennis seems to be against the whole super system tax free pensions not only franking credits. I am sure he is in a great super scheme and will not be knocking back any benefits when the time comes
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 1 hour 41 minutes ago at 10:42am
LOL Whale, do you reckon the pollies who push for this will reject all their retirement benefits , just to set a good example to the rest of us retirees ??Wink
animals before people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 1 hour 36 minutes ago at 10:47am
Originally posted by acacia alba acacia alba wrote:

LOL Whale, do you reckon the pollies who push for this will reject all their retirement benefits , just to set a good example to the rest of us retirees ??Wink

They are just as self interested as anyone and more able to provide the best schemes for themselves. I wonder how many millions Shorten has in his fund ?

By the way I am not a self funded retiree but fair is fair
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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 1 hour 27 minutes ago at 10:56am
I admit I am self funded in that I receive no cash pension from centrelink, but I just scrape below the zone and am lucky enough to have a pension card, which helps a lot.
animals before people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote furious Quote  Post ReplyReply Direct Link To This Post Posted: 28 minutes ago at 11:55am
Why do you think I'm sick of both sides.  But I most sick of finger pointing politics and most of the above it that so shame on you also.

I don't understand the new francing rules Labour is trying to bring in.  Like anything new people run scared.  But I know one thing.  I don't believe anything Liberals are promising at they have had four years in NSW and Australia and nothing got done except shonky deals and more and more going to overseas operators who then don't deliver the goods on time.

It you and Labour hadn't been so quick to sell Electricity because you didn't want to update the old workings the country would probably still have cheaper electricity.  Every time you sell something you make out its for the best and we'll get a better deal.  Well my Uncle died in a private hospital which didn't have a working machine to stop blood clots for him.  Also only one nurse in the ward for high dependancy patients after there operations.  He suffered a stroke which turned a gentle man into a raving wreck who died a few years later.  No when you place high needs into the hands of people there to make a profit you loose me.

So which side will get on with just ignoring the finger pointing and get on with the job.  They would get my vote.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote furious Quote  Post ReplyReply Direct Link To This Post Posted: 27 minutes ago at 11:56am
please excuse bad grammar and spelling above honestly I should read before posting.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 13 minutes ago at 12:10pm
Originally posted by furious furious wrote:

please excuse bad grammar and spelling above honestly I should read before posting.

Spelling mania means nothing Furious , Only to the disturbed.
   They should concentrate on TRUTH and someone might take some notice of them.
   The repeated comparison between Boat arrivals and the people who arrive by Planes is a good example.
The convenient facts that sren't part of the story is that Arrivals by plane , have passports , and paperwork , which makes for easy process and that 95% are refused asylum , almost immediate.
Boat arrivals, too often , have NO ID and in some cases aren't born where they claim.
The Form Guide says = ( Play it safe and vote LNP )
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