The mate economy is running hot. 🇦🇺 No cash, just mates helping mates. I pour your slab today, you dig my fence posts sometime in the months or years to come. 🤝
No contracts. No invoices. Just a handshake, a bit of hard yakka and mates looking after mates. This is the Australia we built — and the Australia we’ll keep building. 🇦🇺
Fun Fact:
When house prices fall, less houses are built, as developers stop building.
Lower prices + unchanged construction costs = fewer new homes.
Locking in a housing shortage for longer.
Maybe you, @JEChalmers & @AlboMP need to sit through first-year economics, particularly the bit where they teach supply and demand. #JoinWARonCGT #StoptheCGT
.@JEChalmers sold the budget as a win for Australians trying to get ahead.
New polling published in the @australian today, tells a different story.
Scrap the capital gains tax changes. Cut the waste. Let Australians keep more of what they earn.
Join Ahead. Link below.
So much for "intergenerational equity" what an absolute scam delivered without a single thought to real-world affordability. Why doesn't the gov look at drivers of input costs for construction and address the shortfalls, red tape and tax concessions for domestically produced building supplies rather than wasting taxpayer dollars on Ponzi schemes and unproductive Future Funds...we live on an Island so why not invest in making stuff here...? Throw those fuel costs and import lead times out the window...
Own an investment property, private business or start-up? Labor’s new CGT rules contain a hidden valuation trap. Without a valuation, the automatic formula could shift earlier gains into the new regime and cost you $500,000 or more. My latest in @australian https://t.co/G9P3fmdTb2
@DeanMcCrae1 Given the goal post shifting they've been doing recently I get the overwhelming sense that next budget will hold some more abject fuckery and blatant theft disguised as "fairness" that does nothing but cripple us further economically...
@DeanMcCrae1 It's 4.5 Trillion held in Super, 4.5 with twelve zeroes after it....that's why they're getting the hungry eyes and sticky fingers...agree with the sentiment, they should not have the right to it given it was originally legislated to provide for retirement over a pension...
The trust minimum tax consultation paper makes it clear that the Treasurer wants $60 tax out of every $100 trust profit that a company is made entitled to 👇
Which country that is serious about productivity takes 60% of business profits?
HAS ALBANESE AIDED AND ABETTED A CONSUMER FRAUD?
Under the Competition and Consumer Act 2010 and the Australian Consumer Law, it is unlawful to make false or misleading representations about a product's country of origin, including falsely claiming that goods are "Made in Australia."
The penalties are severe—up to $100 million for corporations that breach the law.
The ACCC has made it abundantly clear that simply assembling imported components in Australia does notautomatically entitle a product to be labelled "Made in Australia." The product must undergo substantial transformation and satisfy the legal requirements for a country-of-origin claim.
The ACCC specifically states;
"Under the Australian Consumer Law (ACL), products cannot be legally labelled ’Made in Australia’ if they are only assembled there. To qualify, the product must undergo substantial transformation in Australia and pass the 50% production cost test"
Yet here we have a photograph of Anthony Albanese proudly placing a "Made in Australia" sticker on a Volvo electric truck that has been assembled in Australia largely from imported components - including the engine and battery.
How is this materially different from claiming an IKEA bookcase is "Made in Australia" simply because it was assembled here using Australian labour, a handful of locally supplied screws, and some Australian-made glue?
The major components of the Volvo electric truck—including the battery pack, electric motor, drivetrain and numerous other key systems—are all imported. On the face of it, that raises serious questions about whether the truck is legally entitled to carry a "Made in Australia" label at all.
If that is the case, then the accurate description would appear to be:
"Assembled in Australia from imported parts."
That raises an obvious question.
What steps did the Prime Minister's office take to verify that this truck legitimately qualified to display a "Made in Australia" sticker before Anthony Albanese publicly put the sticker on the truck?
Did anyone conduct even the most basic due diligence?
Or was the label simply accepted because it made for a convenient political photo opportunity?
Has Albanese been happy to aid and abet a consumer fraud - a direct violation of Australian Consumer Law, deceiving the Australian public to obtain a political advantage ?
Given Albanese‘s form - we all know the likely answer.
The issue becomes even more significant because these electric trucks are being funded with taxpayers' money - and gifted to one of Labor’s billionaire mates (and big Labor Party donor).
Australians have every right to expect that the government itself complies with the consumer laws it expects everyone else to obey.
If an ordinary business falsely represented imported goods as being "Made in Australia," the ACCC would rightly investigate whether Australian Consumer Law had been breached.
Should the same standards not apply when the Prime Minister is promoting exactly such a claim?
Australians deserve answers.
If there is any doubt about whether the labelling complies with the law, then the ACCC should investigate and determine whether the claim meets the legal test under the Australian Consumer Law.
Unfortunately, many Australians have little confidence that this will happen. There is a growing perception that Canberra's bureaucracy is far more interested in protecting the Albanese Government from embarrassment than applying the law impartially.
If that perception is wrong, then this case provides the perfect opportunity for the ACCC to demonstrate that the law applies equally to everyone—including the Prime Minister.
And finally, where is anyone from the Liberal Party calling this out. Are they just asleep - or are they hiding under their desks as usual ?
And where is our corrupt Australian media - what chance that the ABC will raise this issue or ask any questions?