Australian Politics Forum - Commission of Audit!!!

Grendel Gold Member Offline OzPolitic Posts: 28080 Gender:	Re: Commission of Audit!!! Reply #15 - Apr 2^nd, 2014 at 3:56pm Personally I think a comprehensive look at the books is well overdue. You can't plan for the future if you don't know where you are or in what situation you find yourself. It was a very good idea.
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Aussie

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Re: Commission of Audit!!!
Reply #16 - Apr 2^nd, 2014 at 4:32pm

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

Yeas....but why is it necessary for that to be done by Abbott's appointees. Surely Treasury are more than capable. After all, that's their job isn't it?

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Bread and Butter

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Re: Commission of Audit!!!
Reply #17 - Apr 2^nd, 2014 at 4:55pm

Aussie wrote on Apr 2^nd, 2014 at 4:32pm:

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

Yeas....but why is it necessary for that to be done by Abbott's appointees. Surely Treasury are more than capable. After all, that's their job isn't it?

You would think so, but no. Treasury's forecasts in the past few years have been more akin to sci-fi than dry analytical reporting. They got it wrong so badly that it sometimes defies belief. Remember every single Swan deficit/surplus prediction that was muffed by huge margins? An example of Treasury at 'work'.

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Aussie

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Re: Commission of Audit!!!
Reply #18 - Apr 2^nd, 2014 at 5:36pm

Bread and Butter wrote on Apr 2^nd, 2014 at 4:55pm:

Aussie wrote on Apr 2^nd, 2014 at 4:32pm:

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

Yeas....but why is it necessary for that to be done by Abbott's appointees. Surely Treasury are more than capable. After all, that's their job isn't it?

You would think so, but no. Treasury's forecasts in the past few years have been more akin to sci-fi than dry analytical reporting. They got it wrong so badly that it sometimes defies belief. Remember every single Swan deficit/surplus prediction that was muffed by huge margins? An example of Treasury at 'work'.

So, where do you think this 'audit' mob will get their basic data from? The fairies, or Treasury?

Treasury collates data and advises Government based upon it.

Why do we have a Treasurer, and all the other Deputies in Parliament? Isn't it their job to make decisions based on what they are given by Treasury.

Or, has The Arab Hockey outsourced decision making to unelected swill who by some weird coincidence have close ties with the LNP?

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Grendel Gold Member Offline OzPolitic Posts: 28080 Gender:	Re: Commission of Audit!!! Reply #19 - Apr 2^nd, 2014 at 6:06pm
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Setanta

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Re: Commission of Audit!!!
Reply #20 - Apr 2^nd, 2014 at 6:10pm

Grendel wrote on Apr 2^nd, 2014 at 2:33pm:

Setanta wrote on Apr 2^nd, 2014 at 12:07pm:

Grendel wrote on Apr 2^nd, 2014 at 7:34am:

Abbott's PPL is to be funded by a levy on companies over a certain size.
That has always been the policy.
It remains the policy no matter what you lot say until the policy is changed. Roll Eyes

Presently I get the feeling the Greens amendments will be passed in order to get it through the Senate.

Paid for out of consolidated revenue because while he is taxing them 1.5% to pay for it he is also reducing their tax by 1.5%, in one hand and out the other. He is saying to the companies "I will raise your tax 1.5% but don't worry companies, I will reduce your tax by 1.5%."

I suppose you are going to back up your assertions then?
By way of taxes... originally the company tax was going to be lowered so the levy would be basically neutral for the companies. Yet smaller companies would benefit.
So no matter where the levy funds are stored how is what I said and the original policy different? hmmm?

Re bold, yes, you are right, so where does the money come from? The tax them, then give them the same tax cut leaves only one place it's going to come from, consolidated revenue, it's just a con job. He could have just given small companies a tax cut and been done with it as the PPL is coming out of consolidated revenue, the way it works, anyway. What assertions do I have to back up? You agree with me unless you think he's going to magic it.

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Bam

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Re: Commission of Audit!!!
Reply #21 - Apr 2^nd, 2014 at 6:28pm

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

An examination of taxation and government expenditure is fine in principle, but the so-called "Commission of Audit" isn't a broad-based examination of taxation and expenditure. It has a narrow focus that only looks at those areas that the Coalition wants to cut and does not include in its brief numerous other areas of taxation and expenditure.

We need a REAL Commission of Audit that looks at everything, not just those areas of taxation and expenditure that the government of the day wants to target for cuts using the Commission of Audit as a stalking horse.

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Grendel

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Re: Commission of Audit!!!
Reply #22 - Apr 2^nd, 2014 at 6:34pm

Bam wrote on Apr 2^nd, 2014 at 6:28pm:

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

An examination of taxation and government expenditure is fine in principle, but the so-called "Commission of Audit" isn't a broad-based examination of taxation and expenditure. It has a narrow focus that only looks at those areas that the Coalition wants to cut and does not include in its brief numerous other areas of taxation and expenditure.

We need a REAL Commission of Audit that looks at everything, not just those areas of taxation and expenditure that the government of the day wants to target for cuts using the Commission of Audit as a stalking horse.

yep and its a bloody good idea... you have to start somewhere.

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Bam

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Re: Commission of Audit!!!
Reply #23 - Apr 2^nd, 2014 at 6:41pm

Grendel wrote on Apr 2^nd, 2014 at 6:34pm:

Bam wrote on Apr 2^nd, 2014 at 6:28pm:

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

An examination of taxation and government expenditure is fine in principle, but the so-called "Commission of Audit" isn't a broad-based examination of taxation and expenditure. It has a narrow focus that only looks at those areas that the Coalition wants to cut and does not include in its brief numerous other areas of taxation and expenditure.

We need a REAL Commission of Audit that looks at everything, not just those areas of taxation and expenditure that the government of the day wants to target for cuts using the Commission of Audit as a stalking horse.

yep and its a bloody good idea... you have to start somewhere.

Why only do a small audit on a few areas of expenditure when a full audit that looks at all taxes and all spending would be far better?

Negative gearing - not examined.
Private health insurance rebate - not examined.
Subsidies to the mining industry - not examined.
Tax concessions to the mining industry - not examined.
Taxation of superannuation contributions - not examined.

If these were examined, billions of dollars of wasted money and uncollected taxes would go a long way to reigning in the deficit.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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John Smith Gold Member Offline Australian Politics Posts: 74452 Gender:	Re: Commission of Audit!!! Reply #24 - Apr 2^nd, 2014 at 7:16pm Commission of Audit!!! isn't that just a new way of saying 'here our our excuses'?
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Aussie Gold Member Offline OzPolitic Posts: 38632 Gender:	Re: Commission of Audit!!! Reply #25 - Apr 2^nd, 2014 at 7:20pm John Smith wrote on Apr 2^nd, 2014 at 7:16pm: Commission of Audit!!! isn't that just a new way of saying 'here our our excuses'? Of course it is, and delivered by the Good 'ol Boys of LNP persuasion.
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Grappler Truth Teller Feller

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Re: Commission of Audit!!!
Reply #26 - Apr 2^nd, 2014 at 7:22pm

Grendel wrote on Apr 2^nd, 2014 at 11:33am:

I don't mind the idea of an MRRT... each state has a different royalty arrangement.
We should have a national one, one where the mining companies are made to pay a proper amount for the natural resources that they sell.
One Australian royalty arrangement is what is needed, much like a gst where each state can benefit.

Now there is an idea....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Grappler Truth Teller Feller

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Re: Commission of Audit!!!
Reply #27 - Apr 2^nd, 2014 at 7:28pm

Aussie wrote on Apr 2^nd, 2014 at 5:36pm:

Bread and Butter wrote on Apr 2^nd, 2014 at 4:55pm:

Aussie wrote on Apr 2^nd, 2014 at 4:32pm:

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

Yeas....but why is it necessary for that to be done by Abbott's appointees. Surely Treasury are more than capable. After all, that's their job isn't it?

You would think so, but no. Treasury's forecasts in the past few years have been more akin to sci-fi than dry analytical reporting. They got it wrong so badly that it sometimes defies belief. Remember every single Swan deficit/surplus prediction that was muffed by huge margins? An example of Treasury at 'work'.

So, where do you think this 'audit' mob will get their basic data from? The fairies, or Treasury?

Treasury collates data and advises Government based upon it.

Why do we have a Treasurer, and all the other Deputies in Parliament? Isn't it their job to make decisions based on what they are given by Treasury.

Or, has The Arab Hockey outsourced decision making to unelected swill who by some weird coincidence have close ties with the LNP?

You are absolutely right, Aussie - we already pay for a plethora of overpaid public servants to advise ministers etc - and we pay handsomely for a 'Treasurer' who we expect to know his stuff - but who, in reality, only parrots what he is advised on by the same public servants.

There is no need for any 'commission of audit' - and as I've pointed out since Day One of the COA - it is nothing more than just another handout pay for Party faithful and old mates.

Nice little earner for doing nothing but suck deeply on the public trough.

And this and every other government in the past 30-40 years expects my respect?

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Bread and Butter

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Re: Commission of Audit!!!
Reply #28 - Apr 2^nd, 2014 at 7:29pm

Aussie wrote on Apr 2^nd, 2014 at 5:36pm:

Bread and Butter wrote on Apr 2^nd, 2014 at 4:55pm:

Aussie wrote on Apr 2^nd, 2014 at 4:32pm:

Grendel wrote on Apr 2^nd, 2014 at 3:56pm:

Personally I think a comprehensive look at the books is well overdue.
You can't plan for the future if you don't know where you are or in what situation you find yourself.
It was a very good idea.

Yeas....but why is it necessary for that to be done by Abbott's appointees. Surely Treasury are more than capable. After all, that's their job isn't it?

You would think so, but no. Treasury's forecasts in the past few years have been more akin to sci-fi than dry analytical reporting. They got it wrong so badly that it sometimes defies belief. Remember every single Swan deficit/surplus prediction that was muffed by huge margins? An example of Treasury at 'work'.

So, where do you think this 'audit' mob will get their basic data from? The fairies, or Treasury?

Treasury collates data and advises Government based upon it.

Why do we have a Treasurer, and all the other Deputies in Parliament? Isn't it their job to make decisions based on what they are given by Treasury.

Or, has The Arab Hockey outsourced decision making to unelected swill who by some weird coincidence have close ties with the LNP?

Treasury analyses data. Some results are better than before. Paul Keating refused to listen to them after he was burned by the recession the was told wasn't coming (by Treasury) when everybody else knew otherwise. Costello learned that lesson too and took Treasury with a pinch of salt. Swan listened to every word they said and the rest is history.

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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 84271 Proud pre-1850's NO Voter Gender:	Re: Commission of Audit!!! Reply #29 - Apr 2^nd, 2014 at 7:31pm GrandPaPa wrote on Apr 2^nd, 2014 at 11:42am: No suggestion of their looking into the Family / Discretionary Trusts rorts of the rich and fabulous? Another great idea....
Back to top	“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” ― John Adams IP Logged