Tag: Grandfathering

Kidnapped: billionaires’ loophole swiftly abolished by Greens and Labor, finally – Michael West

Under cover of climate debate, the Greens and Labor swiftly and smartly killed off a longstanding loophole which let Australian billionaires hide their financial affairs. Michael West reports on politicians beating the lobbyists.

We are talking about the “grandfathering” exemption, a loophole standing since 1995 which allowed Australia’s richest families of the time to hide their financial affairs.

Kidnapped: billionaires’ loophole swiftly abolished by Greens and Labor, finally – Michael West