After Treasurer Joe Hockey made headlines for using his travel allowance to pay rent to his wife, a 7 News investigation has found 64 of Parliament's 226 MPs - or almost one third - are doing the same thing.
SCROLL DOWN FOR A FULL LIST OF THE MEMBERS OF PARLIAMENTS WHO OWN PROPERTY IN CANBERRA OR QUEANBEYAN
Politicians from both sides are helping themselves to the taxpayer-funded allowance to help pay off Canberra investment properties owned by themselves or their spouses.
Some of them are houses, most of them are apartments in suburbs surrounding Parliament House, turning MPs into the property kings of Canberra.
"Look, it's clearly within the rules but the rules need to be changed to be much more transparent," Senator Nick Xenophon told 7 News.
Under the entitlements rules, Members of Parliament are paid $271 for accommodation each night they stay in Canberra whether they stay in a hotel, a friend's house or their own.
No questions asked, no receipts required.
"This is not the way the way the rest of the world handles travel allowances," said Professor Allan Fels from the University of Melbourne.
That $271 Canberra allowance becomes $1355 each sitting week.
And with 19 of those a year, that's more than $25,745 annually - enough to repay a $400,000 loan.
With 64 MPs doing it, it's costing taxpayers $1.64 million a year.
Put another way, the payment is about double that of the Newstart allowance and $500 a month more than the aged pension.
Tony Abbott says he wants the current review of MPs entitlements to bring them in line with community standards and it's clear from the community's perspective that this allowance is far from standard.
"Politicians should catch up with how ordinary people have their travel allowances dealt with," said Professor Allan Fels.
"And maybe, just maybe it might restore a bit of faith in politicians," said Senator Xenophon.
Here is the list of MP and Senators who have declared they own, part own or their spouses own property in Canberra or Queanbeyan.
au.news.yahoo.com 27 Aug 2015
Another win for the corporate criminal (tax cheating) elite.
If anyone from the masses would embark on a similar venture the tax department would shut them down.
A 'loophole' is (by design) a deliberate way for the corporate elite to enjoy what the 'normal' people cannot.
Australia is truly a corporate criminal's paradise, where the balance of figures is mopped up by the herd population.