A look into Corporate fraud in Australia, Stranglehold of Monopolies, Telecommunications Oppression, Biased Law System, Corporate influence in politics, Industrial Relations disadvantaging workers, Outsourcing Australian Jobs, Offshore Banking, Petrochemical company domination, Invisibly Visible.
It's not what you see, it's what goes on behind the scenes.
COMMONWEALTH OF AUSTRALIA (ABN: 122 104 616)
Australia's Prime Minister (CEO) Tony Abbott : "Australia is Open for Business"
Sunday, June 1, 2014
Tony Abbott's secret $710,000 home loan
Abbott fails to declare mortgage
"Bloody big oversight"
"Question of accountability"
Tony Abbott's salary was halved after the Liberals lost the 2008 election and he lost his ministerial post Source: The Daily Telegraph
LABOR has questioned whether Tony Abbott could manage the Australian
economy after he failed to declare a $710,000 mortgage on his family
The Opposition Leader took out the mortgage after losing his
ministerial salary when the Howard government was ousted, to help cover
living costs including private school fees for two of his three
daughters, The Australian reports.
But he failed to declare it until about two weeks ago - almost two years after taking out the loan.
Business Minister Craig Emerson told 2UE radio this morning he thought
the failure to declare was “probably a genuine oversight, but it's a
bloody big oversight”.
“This is a question of accountability,” Dr Emerson said.
wants to be the prime minister of Australia, and I guess it does raise
some questions about his capacity to run a trillion-dollar economy when
he forgets that he's got a $700,000 mortgage to declare.”
Abbott, who took out the loan against his family home in northern Sydney
in April 2008, could be in breach of the parliamentary rules covering
“You're supposed to declare all of your
financial interests, all your significant financial interests. There's
no doubt about the rules - that you're supposed to declare mortgages and
other loans, any other liabilities that you have. It's sitting right
there on the form,” Dr Emerson said.
Opposition finance spokesman
Andrew Robb defended his leader, saying it was a “simple mistake”, and
accused Labor of muckraking.
“There's no reason why he wouldn't disclose it, unless he's overlooked it, really,” Mr Robb said.
“This Labor Party has resorted already to just grubby smear campaigns.”
moving into Opposition after the Coalition lost the last election, Mr
Abbott took a $90,000 pay cut on the $200,000-plus salary he earned as
federal health minister.
“The advent of the Rudd Government has
caused serious mortgage stress for a section of the Australian
community, ie former Howard government ministers,” he joked to The Australian in January 2008.
don't just lose power, in inverted commas, you certainly lose income as
well, and if you are reliant on your parliamentary salary for your
daily living, obviously it makes a big difference.”
morning Dr Emerson said parliamentarians should consider ordinary
Australians struggling to cover their own living costs.
just saying, if Tony Abbott thinks that parliamentarians are struggling
to make ends meet, spare a thought for the average Australian, who's
working very hard to try to cover the cost of housing, particularly in
Sydney - childcare costs, electricity costs, a lot of these pressures,”
Dr Emerson told The Australian Online he thought
parliamentarians were paid enough and that the primary motivation for
pursuing a political career was not financial advancement.
“My own view is that we don't we go into politics in search of very high salaries," he said.
you wanted to do that, seek out a career in the private sector. Given
our motivation is not primarily money, I think the parliamentary
salaries are reasonable and meet a community standard.”
news.com.au 23 June 2010
Another action where the criminal rulers are exempt from the law.