Shots fired at corporate regulator should instead be aimed at Rudd Government

Questions on ASIC’s ability to deal with high-profile company collapses should be directed at Labor – which savaged business confidence with ill-thought out cuts and inaction on market pressures. Shadow Minister for Corporate Governance, Michael Keenan MP, said today that criticisms ASIC is buckling under the pressure of current market volatility once again proves that…

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Another day, another Labor backflip

Labor’s backflip on plans to sack the Inspector General of Taxation and its recent reversal of cutting $111 million from ASIC once again proves the Government doesn’t know what it’s doing. The Minister’s announcement today that the Government will retain the office of the Inspector General of Taxation (IGOT) is welcome news – but proves…

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Sherry claims credit for Coalition policy

Labor’s already so short on ideas that they can only claim credit for Coalition achievements. Shadow Minister for Superannuation, Michael Keenan MP, is today calling on Labor to admit it was the Coalition that removed the ‘double penalty’ that could apply in regards to late superannuation guarantee payments. Senator Sherry, the Minister for Superannuation and…

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Labor’s hypocrisy on family trusts

Decision to reverse legislation comes without consultation – and will further burden hard-working Australians. Labor is once again showing its true colours over their decision to change legislation concerning Family Trusts – putting the burden back on small business, farmers and professionals. In Wednesday’s Senate estimates hearing, Labor Senator Stephen Conroy was asked about Labor’s…

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