Comment and Analysis
As expected, the major banks are preparing to launch a media war against the Turnbull government’s proposed $6.2 billion bank levy, as outlined in Treasurer Scott Morrison’s May 9 federal budget speech.
Australian Bankers’ Association head Anna Bligh was furious. She said a campaign was being considered, claiming the government was playing “fast and loose” with the nation’s financial system.
Twenty years after the original Bringing Them Home report was released, Aboriginal children are still being taken from their parents — in greater numbers than before.
Commenting on the impact of Bringing Them Home — which documented evidence about the Stolen Generations of Aboriginal children — Murri elder Sam Watson told Green Left that “it is beyond dispute that Aboriginal children were removed in significant numbers”.
“Every single [Aboriginal] family was affected,” Watson said and this “dated back to the first years of European invasion”.
State vice president of the CFMEU’s Victorian Construction and General Division Robert Graauwmans gave this speech at Socialist Alliance’s May Day Dinner in Geelong on May 6. Below is an edited version of his speech.
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I’ve been asked to speak on the topic of “Why we should break bad laws” and while I welcome the invitation and the topic, tonight I will not talk about the whether we need to break bad laws, but rather, why we must defy injustice.
Fifty years ago most people, including politicians, championed the idea of equal educational opportunities for all. The politicians may have only done so for their own political advantage, but even this indicates the strength of the notion.
The Tax Justice Network (TJN) has criticised the failure of the federal government's review of the Petroleum Resource Rent Tax (PRRT) to recommend a new royalties regime to force the major gas corporations to pay their fair share of tax.
The review by former treasury official Mike Callaghan, instigated by federal Treasurer Scott Morrison last November, recognised problems with the existing PRRT system and recommended some changes for new liquified natural gas (LNG) projects.
The Victorian Labor government delivered a May 2 budget in which a multi-billion dollar war chest was set aside for “law and order” and new prisons. This is despite Victoria having the lowest crime rate in Australia.
It also continued with its neoliberal privatisation program, including the sell-off of the Land Titles Registry.
Victoria aims to employ one in every 400 people as a police officer or a protective services officer and, with thousands more prison cells available, presumably the state government calculates these people will have jobs.
It is just as well we are so alert these days to “fake news”, otherwise some might actually believe media claims the federal government has delivered a “left-leaning” budget.
Australia’s largest milk processor Murray Goulburn has announced it will close manufacturing plants in three small rural towns: Kiewa and Rochester in northern Victoria and Edith Creek in Tasmania.
Murray Goulburn expects 360 people will lose their jobs. The closures are in areas where there are no other industries.
This will have a huge impact on these three local communities. The 700 residents of Kiewa-Tangambalanga will lose 135 jobs from Murray Goulburn's factory closure.
The Big Four banks, ANZ, Commonwealth, National Australia Bank and Westpac, plus Macquarie Bank were hit by a surprise proposal for a $6.2 billion levy over four years in the federal budget on May 9.
Under the new measures, banks with liabilities of more than $100 billion will be taxed 0.06% on those “liabilities”.
Speculation about a new levy on the big banks sparked a run on banking shares, wiping $14 billion from their market value. Shares in the Big Four banks fell by between 2.1% and 3.6%.