POLITICAL PARTIES – AUSTRALIA – PLATFORMS

Greens are targeting tax breaks for investors to make buying a home affordable for renters, Max Chandler-Mather says

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Original article by Paul Karp
The Guardian Australia – Page: Online : 16-Feb-24

The Greens are hoping to use their balance of power in the Senate to get the federal government to cut back on tax breaks for property investors in return for them supporting its Help to Buy shared equity scheme. The Greens are hoping their policies will reduce house prices and therefore make buying a home more affordable for renters. Greens housing spokesperson Max Chandler-Mather contends that the problem with Australia’s housing market is that the tax system essentially forces prices up, often far in excess of wage increases.

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AUSTRALIAN GREENS

Albanese slaps down Greens over juvenile negative gearing demand

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 13-Feb-24

Prime Minister Anthony Albanese has ruled out making changes to the negative gearing regime and the capital gains tax discount in order to secure the Greens’ support for its Help To Buy shared equity scheme for first-home buyers. Albanese says the federal government will not be open to negotiation, and he has criticised the Greens’ "juvenile approach" to the issue of negative gearing. The government was previously forced to make concessions in 2023 to secure the Greens’ support for its Housing Australia Future Fund. The Opposition intends to vote against the shared equity scheme.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS

Dutton sets scene for election tax battle

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 7-Feb-24

The Coalition agreed to support changes to the legislated stage-three income tax cuts at a partyroom meeting on Tuesday. Opposition Leader Peter Dutton says the Coalition will back the tax cuts for people on low incomes, in order to support families amid the cost-of-living crisis. However, Dutton has indicated that the Coalition will take a "significant" tax policy to the next election; he says the Coalition will reduce taxes for Australian families, as they will need a lot of support to recover from Labor’s current term in office. Shadow treasurer Angus Taylor says ‘bracket creep’ is among the tax issues that the Coalition will aim to address.

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LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Exit stage three: Libs in tax pivot

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Original article by Geoff Chambers, Joe Kelly, Patrick Commins
The Australian – Page: 1 & 4 : 6-Feb-24

The Coalition will finalise its position on the proposed changes to the stage-three tax income cuts at a joint partyroom meeting on Tuesday. Sources have indicated that the Liberal and National parties are unlikely to oppose the federal government’s changes, although they are expected to seek some amendments to Labor’s legislation. Opposition leader Peter Dutton will also use parliament’s first question time of the year to attack the government and Prime Minister Anthony Albanese for reneging on an election commitment to implement the stage-three tax cuts in full. He will also contend that the government plans to target the negative gearing regime, trusts and the family home.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Coalition voters win in Labor’s tax U-turn: PM

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 7 : 31-Jan-24

Treasury analysis shows that the federal government’s proposed changes to the stage-three income tax cuts package will strongly benefit Coalition voters. The analysis suggest that about 85 per cent of voters in seats held by the Liberal or National parties will be better off than they would have been if the tax cuts had gone ahead in their original form. The federal government will use the Treasury data to seek the Coalition’s support for its changes. The Opposition will not decide its formal stance on the changes until parliament resumes next week; however, it will continue to reiterate that Labor has broken an election promise regarding the tax cuts.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Coalition MPs snub 2035 target

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Original article by Rosie Lewis
The Australian – Page: 1 & 4 : 10-Jan-24

The Paris Agreement requires the federal government to finalise a 2035 emissions reduction target by February 2025. Prime Minister Anthony Albanese is under pressure to adopt a 2035 target of at least 70 per cent, and Climate Change Minister Chris Bowen has previously stated that the government’s 2035 target will be announced "in due course". Meanwhile, a number of Liberal and National MPs have cautioned Opposition leader Peter Dutton against taking an emissions reduction target to voters at the next election. Amongst other things, they are concerned that it would exacerbate the cost-of-living crisis, particularly for people in regional areas.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Greens vow to keep fighting on housing as party takes aim at Labor’s help to buy scheme

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Original article by Paul Karp
The Guardian Australia – Page: Online : 13-Sep-23

The federal government’s Housing Australia Future Fund bill will be put to a final vote in the Senate on Wednesday, after the Greens agreed to back it in return for additional funding for public and community housing. The minor party abandoned its push to include a rent cap and freeze in the bill, but Greens leader Adam Bandt says this is still on its agenda. The government’s shared equity scheme is likely to be the Greens’ next target in its bid to introduce a cap and freeze on rents.

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AUSTRALIAN GREENS

‘Steps to treaty this term’: Labor’s actual agenda

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Original article by Sarah Ison, Rosie Lewis
The Australian – Page: 1 & 4 : 2-Aug-23

The federal government is under growing scrutiny over its policy agenda if the referendum on an Indigenous voice to parliament succeeds. Prime Minister Anthony Albanese recently stated that the voice is not about a treaty with Indigenous Australians. However, Labor’s latest draft national policy platform states that the party supports all elements of the Uluru Statement from the Heart – including a Makarrata commission for agreement-making – in the current term of government. An earlier draft did not include any time frame or a specific reference to the Makarrata commission. Opposition leader Peter Dutton says Labor will have to implement the Uluru Statement from the Heart in full, given that Albanese has committed to doing so at least 34 times.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA

Jobs galore, but more on JobSeeker

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Original article by Geoff Chambers, Sarah Ison
The Australian – Page: 1 & 5 : 3-May-23

Data from the Department of Social Services shows that 921,000 people were receiving the JobSeeker and youth allowance payments at the end of March. The number of people receiving these payments has fallen by just 59,000 since Labor took office in May 2022, despite the unemployment rate having fallen to its lowest level in nearly five decades. Opposition leader Peter Dutton has urged the federal government to strengthen the ‘work for the dole’ program, which Treasurer Jim Chalmers has rejected. He says the 9 May budget will include measures aimed at supporting communities that are facing "entrenched, long-term unemployment".

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AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

Wyatt urges Libs to defy Dutton on Voice

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Original article by Tom McIlroy
The Australian Financial Review – Page: 5 : 13-Apr-23

Former Indigenous Australians minister Ken Wyatt believes that Liberal Party MPs will be given a conscience vote on the Indigenous Voice to parliament. However, he hopes that more Liberals will opt to support the Voice, despite the party’s formal rejection of the federal government’s proposed model. Wyatt’s comments follow the decision of Julian Leeser to resign as shadow attorney-general in order to support the ‘Yes’ case. Liberal senator Simon Birmingham says he respects Leeser’s decision but has ruled out joining him on the Coalition’s backbench. Birmingham has also stated that he will not campaign for the ‘No’ case.

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LIBERAL PARTY OF AUSTRALIA