Tag: Michael West Media

Beyond the Vales: towering profits and squalid PR tactics at the twilight of the coal boom – Michael West

Greenpeace propaganda, fossil fuels

“Extremely investor friendly” is how the latest fossil fuel buyer describes Australia. Along with the twilight of the coal era with its astronomical profits has come the rise of squalid public relations tactics. Zacharias Szumer investigates the case of Liechtenstein-based coal trader Sev.en Global Investments, its billionaire owner Pavel Tykač and Sev.en’s propaganda associates.

Source: Beyond the Vales: towering profits and squalid PR tactics at the twilight of the coal boom – Michael West

NACC or SNACC? Labor delivers its anti-corruption body but will we get to hear about it? – Michael West

Mark Dreyfus, NACC, ICAC

The day has finally arrived: an Australian government today made good on its commitment to legislate an integrity watchdog, the National Anti-Corruption Commission (NACC). But there is one major bone of contention … secrecy. Callum Foote reports on the spectre of a Secret National Anti-Corruption Commission (SNACC).

Source: NACC or SNACC? Labor delivers its anti-corruption body but will we get to hear about it? – Michael West

Oil, gas firms want own terms on emissions – Michael West

Australia’s oil and gas industry is seeking special treatment in its pitch to a federal government review into how the nation’s heaviest greenhouse gas emitters should be constrained.

Source: Oil, gas firms want own terms on emissions – Michael West

Pokies Thuggery: ClubsNSW lobbyists hammer critics, hide their own dirty laundry – Michael West

ClubsNSW

ClubsNSW is dragging a dying man through the courts, and media identity Friendly Jordies too, but its own house is hardly in order. Michael West reports.

Source: Pokies Thuggery: ClubsNSW lobbyists hammer critics, hide their own dirty laundry – Michael West

Angst over corruption watchdog, first Queen’s death, now fear of Dutton deal – Michael West

National Anti-Corruption Commission, Peter Dutton

Reports that Labor is in talks with Peter Dutton over the looming Federal Integrity Commission laws have spread alarm Anthony Albanese might walk back on his pledge for a credible anti-corruption body. Callum Foote reports on the timing, the critical detail, the delays and the latest scare.

Source: Angst over corruption watchdog, first Queen’s death, now fear of Dutton deal – Michael West

Zero sum game: questions surround Australia’s electricity transition – Michael West

Australian electricity market

The Australian Energy Market Operator is not the right organisation to be conducting the dramatic overhaul required for the economy, writes Zacharias Szumer.

Source: Zero sum game: questions surround Australia’s electricity transition – Michael West

Australia looks to plug nuclear subs gap – Michael West

This report proves that we still haven’t a clue what’s happening and simply waiting to be told. However in not so many words. When Michael West doesn’t know nobody does.

Australia controversially scrapped a French submarine deal in favour of the AUKUS agreement, with a leaked confidential document revealing officials were kept in the dark about the cancellation.

The leaked note was written by former Department of Defence deputy secretary Kim Gillis and first published by the ABC.

Mr Gillis wrote he did not believe any more than a handful of people within Defence knew the French submarine contract was being dumped.

He also canvassed reopening discussions with the French about buying nuclear-powered submarines in the future.

 

Source: Australia looks to plug nuclear subs gap – Michael West

Did Tourism Australia really get a KPMG report, or was it Scomo’s imagination? – Michael West

Tourism Australia, Scott Morrison

There are still many questions surrounding Scott Morrison’s ill-starred time at the helm of Tourism Australia, writes Jommy Tee. Newly released documents confirm KPMG did not undertake a probity audit in 2005 into the assessment and evaluation of shortlisted tenderers for Tourism Australia’s advertising contracts.

From his controversial “jobs for the boys” appointment, his run-ins with his minister and the board, his lack of transparency in the role, and his obfuscation at Senate Estimates it is no wonder that his departure came sooner rather than later.

Should Morrison ever look for a corporate gig after politics … well corporate Australia he’s all yours.

Source: Did Tourism Australia really get a KPMG report, or was it Scomo’s imagination? – Michael West

Michael West Media- Freedom of Speech

Australia prides itself on freedom of expression, yet we have the most draconian laws in the Western world. How can we uphold a free press when defamation law is having a chilling effect on our media and threatens to undermine the very foundations of investigative journalism?

Scott Morrison, pimpernel PM, is the gift that keeps giving – Michael West

Why is Scott Morrison hanging around? The weekend revelations that Morrison swore himself in to multiple portfolios without notifying the nation has sparked cries of outrage, in the political class at least.

Scott Morrison, pimpernel PM, is the gift that keeps giving – Michael West

James Packer’s email spray is more than a falling out among casino mates – Michael West

Even when the rich and powerful fall out, the house – their wealth – always wins. Michael Sainsbury examines the latest goings on surrounding Sydney’s Crown Casino.

The grubby nexus between Australian business, politics and the mainstream media has been laid bare in a leaked series of explosive emails from James Packer to senior Nine Entertainment executives, journalists and chairman Peter Costello.

The emails alleged that Costello was paid as a secret Crown lobbyist in 2011 for a year, a claim he denies.

James Packer’s email spray is more than a falling out among casino mates – Michael West

Sleepwalkers, wake: Australians must face up to our surveillance state – Michael West

With facial recognition becoming increasingly sophisticated, it will soon be possible to monitor an entire population with minimal effort, discouraging people from participating in political protests and social movements, writes Manal al-Sharif.

Sleepwalkers, wake: Australians must face up to our surveillance state – Michael West

Robbing Australia: profits soar for gas giants, royalties and tax languish – Michael West

What's the scam?

Foreign gas giants Shell, Chevron, Exxon are enjoying an explosion in revenue while paying virtually no income tax and forking out just spare change in royalties. What’s the scam?

Source: Robbing Australia: profits soar for gas giants, royalties and tax languish – Michael West

Companies not workers to blame for rising prices – Michael West

The Australia Institute

Rising profits levels among the Australian corporate sector have been identified as one of the key causes for increasing inflation levels across the country, a new report has shown.

Source: Companies not workers to blame for rising prices – Michael West

Bouncer, get your virtual hands off me – Michael West

If Australians knew the extent of the collection and abuse of their online activities and biometric information, they would be marching in the streets demanding decent regulations that protect them against such violations. Unfortunately, when it comes to tech, legislation is either uninformed, out of date, or just embarrassing. That left tech companies on their own to self-regulate, and it’s often in favour of the investors and shareholders. What’s worse, Australians are left in the dark and unprotected when it comes to their digital rights.

Bouncer, get your virtual hands off me – Michael West

Australia’s Private Energy Market Is Rigged to Guarantee Corporate Profits

Across Australia, power prices are rising exponentially while corporations rake in billions. It’s not the product of shortages or instability but of a market designed to let for-profit companies hold the public ransom.

Australia’s Private Energy Market Is Rigged to Guarantee Corporate Profits

Collateral damage: Collaery in the clear, but safeguards fall short – Michael West

Bernard Collaery featured

It’s good news for one brave individual who exposed an egregious act of Australian spying, but protections for other whistleblowers remain inadequate, writes Callum Foote.

Source: Collateral damage: Collaery in the clear, but safeguards fall short – Michael West

Gas Lies: as super profits ramp up so too does the fossil fuel propaganda war – Michael West

domestic gas reservation policy

As fossil fuel corporations reap fabulous profits at the expense of Australian gas and electricity customers, the gas lobby is running a propaganda campaign calling for Australia to power the world, help Ukraine, let “the market” do its thing. The reality is there is no properly functioning market and this is all a PR distraction to combat the obvious solution to the crisis, that the government needs to earmark gas supply for East Coast customers. Callum Foote fact-checks the finance press.

Source: Gas Lies: as super profits ramp up so too does the fossil fuel propaganda war – Michael West

Resource sector on winning steak – Michael West

When Australia and China remain the best of enemies and will continue to be

China represents the largest market for Australian resource and energy exports, making up 42 per cent of all exports in 2020-21. The next highest share was Japan at 11 per cent.

Source: Resource sector on winning steak – Michael West

Timor Spy Saga: Rex Patrick pushes Labor to unveil Australia’s dirty secret, end persecution of Bernard Collaery – Michael West

Politics of Persecution

In one of his last moves as a senator, Rex Patrick has advanced his battle against the National Archives to release important documents relating to John Howard and Alexander Downer’s undermining of Timor-Leste in the early 2000s. Callum Foote reports on the latest efforts to end the persecution and secret trials of whistleblower Bernard Collaery.

Timor Spy Saga: Rex Patrick pushes Labor to unveil Australia’s dirty secret, end persecution of Bernard Collaery – Michael West

Rooing the day: Qantas passengers and crew taken for a ride by the board – Michael West

The Qantas board is offering staff an $87m bribe as it slashes real wages and conditions. As ever, shareholders and Qantas fat cats get the cream, writes Michael Sainsbury.

Rooing the day: Qantas passengers and crew taken for a ride by the board – Michael West

Ransom Notes: pay us to keep our old power plants running or else, say fossil fuel majors – Michael West

gas, fracking, gas fired recovery

Prepare to subsidise fossil fuel plants indefinitely. That is the message this morning as, in the wake of Coalition dithering, the new government grooms Australian energy customers for more of the same energy policy. It’s the Richard Wilkins solution. Callum Foote and Michael West report.

Nine years of Coalition dithering on climate and energy have surely taken their toll. Way behind the eight-ball on transition to renewable energy, the new government is now grooming Australians to subsidise multinational fossil fuel corporations to keep their polluting coal and gas power stations running way into the future.

The public grooming comes via Murdoch and Nine media this morning to extend the life of fossil fuel plants and entrench the power of the very same corporations which have just extorted the energy market operator AEMO by threatening to pull supply out of the grid unless richly compensated. 

Source: Ransom Notes: pay us to keep our old power plants running or else, say fossil fuel majors – Michael West

The great Sydney University grant swindle – Michael West

Sydney University Business School

Australia’s universities have been corporatised and compromised, and business schools are at the vanguard of academic capture. Jeanne Ryckmans investigates the rise and fall of the five-star travelling former professor who led the high-life on public grants.

Source: The great Sydney University grant swindle – Michael West

Businesses warn of closures over wage rise – Michael West

We aren’t talking big business here but small working-class businesses. It’s always the case that the lobbyists for the top end of town throw cats among the pigeons in order to have Australia’s poor or lower 40% appear to be fighting among themselves so the media have something to amplify. Business has a united front, workers don’t given the LNP has reduced the Unions to a shadow of what they once were this century.

There is no talk of dropping the stage 3 tax cuts for the wealthy is there? Only a rise of wages, less than a packet of cigarettes, is what will send “Australia’s Businesses Broke”. A dollar an hour is the tipping point, a cup of coffee a day. Tony Abbott sent the whole fucking Car industry and allied services to the wall and got less of a response from the media. A whole sector of industry simply disappeared. The LNP gave QANTAS a bailout of billions to “keep its workers” and now we see it didn’t. Where did the money go?

Businesses could be “sent to the brink” of collapse by the size of the increase to the minimum wage, according to industry groups.

Source: Businesses warn of closures over wage rise – Michael West

Still Faxing: CITIC the gigantic tiny Chinese coal miner – Michael West

What's the scam?

CITIC the Chinese coal mining juggernaut churns out $8bn in revenue from its suite of Australian coal mines, gets government subsidies, but pays almost no tax and actually faxes in its one financial report to regulators. What’s the scam?

Source: Still Faxing: CITIC the gigantic tiny Chinese coal miner – Michael West

O Lucky Man? Albo out to break the Labor hoodoo – Michael West

Labor is back in power. It is a rare gift. The ALP has held the reins of government for less than a third of the time in Australia’s history. And the party seems doomed to get the call from the electorate just as trouble is brewing.

Source: O Lucky Man? Albo out to break the Labor hoodoo – Michael West

It’s time. Time for Labor and the Greens to say yes to love – Michael West

Terri Butler, Labor's environment spokeswoman.

Labor has won a working parliamentary majority in a sullen, angry country. Perhaps more by pure luck than design, Australia has avoided a hung parliament. That’s the good news. But for this Labor government to do us proud, it will have to do something humble. Call the Greens into its fold. There is no alternative in the long term, writes Mark Sawyer.

Source: It’s time. Time for Labor and the Greens to say yes to love – Michael West

Kill off the AAT, it’s stacked with Morrison’s Liberal mates, no longer credible – Michael West

AAT, Administrative Appeals Tribunal

Australia’s Shame – AG Michaela Cash took lessons from the Steve Bannon playbook. Control the Bureaucracy. Wasn’t that Lenin’s playbook?

Just before ousted Prime Minister Scott Morrison called the election, his Attorney-General Michaelia Cash stacked the Administrative Appeals Tribunal with a host of Liberal Party mates. Political appointments are out of control and the AAT needs to be killed off, writes Greg Barns SC.

Source: Kill off the AAT, it’s stacked with Morrison’s Liberal mates, no longer credible – Michael West

Another one for the shame file of scare campaigns – Michael West

Stop the Boats

Scott Morrison is rightly being flayed for the last ignominious act of his campaign. On Saturday he announced that an asylum seeker boat had been intercepted on its way to Australia from Sri Lanka.

The Liberal Party followed this up with a text message mailout. Unforgivably, the Operation Sovereign Borders Commander was dragged into a political campaign. Alas such shenanigans have happened before and will happen again. Australian campaigns are littered with last-minute scare campaigns that went wrong. Generally sprung by the flailing side in the last few days, they are the Aussie equivalent of the ”October Surprise” of US presidential campaign

Source: Another one for the shame file of scare campaigns – Michael West

Maroons hold Albo at bay: Labor goes dim in Sunshine State – Michael West

Terri Butler, Labor's environment spokeswoman.

In the week after the 2019 election, everyone was talking about Queensland. If not for the Sunshine State, Bill Shorten would have been elected prime minister and Anthony Albanese would be a mid-tier minister. Now, perhaps not enough people are talking about Queensland, at least outside Queensland.

Source: Maroons hold Albo at bay: Labor goes dim in Sunshine State – Michael West

The great conservative undead: don’t write off Dutton – Michael West

I do believe Mark Sawyer underestimates the loathing all States have for Peter Dutton outside of Qld and then add Barnaby Joyce to the mix.

It might only take the Coalition adopting a new climate target to get back into the game. Dutton, who must know he’ll get only one election, will decide that winning is more important than pleasing the far right. And winning is something he does.

Source: The great conservative undead: don’t write off Dutton – Michael West

It’s time. Time for Labor and the Greens to say yes to love – Michael West

Terri Butler, Labor's environment spokeswoman.

Albanese will have a small majority. Smart leaders govern as if they wield a huge majority anyway. But Labor can’t be credible at its current level of support. Labor and the Greens need to stop being the best of frenemies. Anthony and Adam, it’s time to make it legal.

Source: It’s time. Time for Labor and the Greens to say yes to love – Michael West

Hating Barnaby Joyce: is it him, or is it us? – Michael West

Fractured Australia

Hating Barnaby Hating Scott Hating Barnaby Hating….

In campaign debates, in radio stations, television studios, people to people encounters all over the nation, the name Barnaby Joyce comes up as the biggest brake on Australia making a greater commitment to reducing its greenhouse gas emissions. Does the leader of the National Party deserve the brickbats? Maybe we should look to our backyards, writes Mark Sawyer.

Source: Hating Barnaby Joyce: is it him, or is it us? – Michael West

Labor tells a story without pictures: now that’s confidence – Michael West

Around this time in the 2019 campaign, the confidence that was bubbling throughout the Labor camp burst out into full hubristic glory.

One leading daily posed the ALP team in chiaroscuro, looking one part Sopranos cast, one part corporate raiders. Bristling with purpose, they looked. The new crew. The mean machine. The none-too subtle message: Bill Shorten’s team is ready, ready to rule.

Meanwhile Chris Bowen’s Facebook page featured himself and four sober-suited colleagues in an impersonation of a high-end law firm: himself, deputy leader Tanya Plibersek, a chin-stroking Shorten, Jim Chalmers and Penny Wong.

When the serious quintet’s big play went unstuck, one user commented: ”All dressed up and nowhere to go.”

Contrast all that with Campaign ’22. Yes, Albo has modeled some groovy threads to go with his trimmer physique. But the group photoshoot has gone the way of Shorten’s jibes about the big end of town. No more moody magnificence.

Labor candidates emphasise how rare it is for their party to win from opposition. The years it has happened since the war are cited like bingo numbers: 72, 83, 07. It’s the talk of the poker player holding a straight flush.

Source: Labor tells a story without pictures: now that’s confidence – Michael West

A matter of discretion: politicians make their own rules on funding – Michael West

Community Development Grants

What lessons have been learnt in the wake of the funding rorts that have embroiled the Morrison government? Rosie Williams finds that the problem is worse than the most pessimistic assumptions.

Source: A matter of discretion: politicians make their own rules on funding – Michael West

Friends where it matters: Aspen Medical’s contract came out of nowhere

Since 2010, the self-styled ‘’global provider of guaranteed, innovative and tailored healthcare solutions’’ has received $1.8 billion in federal government tenders. Of that, $1.3 billion came from a single tender for face masks made in 2020. In 2020, Aspen Medical was given a $1.3 billion contract to supply face masks to the Federal Government despite having no experience in large-scale procurement reports the ABC. Until then, the most the company earnt in federal government contracts in a year was $124 million in 2014, with most years showing a max of $30 million.

Source: Friends where it matters: Aspen Medical’s contract came out of nowhere

Net Zero Transition: China, world leave Australia behind on climate – Michael West

Climate wars. Prime Minister Scott Morrison. Image: Alex Anstey

The latest Coalition climate catastrophe, Senator Matt Canavan declaring national net zero policy “dead,” rings alarm bells for what’s ahead if the Morrison government is returned to office. Meanwhile, our new rival in the Pacific region, China, is seizing the mantle of climate leadership. Blair Palese reports on Australia’s greatest failure as a nation.

Source: Net Zero Transition: China, world leave Australia behind on climate – Michael West

Wake in fright. What another election loss would do to Labor – Michael West

Anthony Albanese

It’s time. Time to consider the unthinkable – another term in opposition for Labor. What would it look like? Mark Sawyer looks at a post-Albanese era as if one were fated to begin on May 22.

Source: Wake in fright. What another election loss would do to Labor – Michael West

Scott Morrison, Angus Taylor stack clean energy agencies with fossil fuel mates – Michael West Media

CEFC, ARENA, Snowy Hydro

The Morrison government has slashed renewables funding and stacked Australia’s renewable energy agencies with fossil fuel executives, leaving the likes of ARENA, CEFC and Snowy Hydro controlled by potentially regressive political appointees for years. Callum Foote reports.

Source: Scott Morrison, Angus Taylor stack clean energy agencies with fossil fuel mates – Michael West Media

News Corp’s Easter Albo shellacking – Michael West Media

From Murdoch whose organization was busted bugging the phones of dead girls, celebrities, and politicians comes an Easter Gift. Yes, Murdoch who pretended to be old, without memory, sick, and frail like Alan Bond trying not to be jailed. That same sleezy Murdoch who sacrificed his staff and a major paper to flee to America. Today’s Murdoch Putin’s ally in Russia and the enemy of Democracy in the US. Is now playing the 5th columnist in Australia’s 2022 election despite despite the fact that Scott Morrison is a leader he doesn’t like because he can rid us of him later.

For most, Easter is a time for rest and renewal. For Rupert Murdoch’s News Corp it is a time to keep shaking the pom-poms for the Coalition and thrashing Labor. At least Nine’s mastheads SMH and Age ran on the Coalition’s mega-pork this morning; some $55bn in public money being spayed about to buy votes. For their Murdoch peers in the media duopoly, there was no such attempt at balance; they were still pinning their ears back with inflated claims, “Labor’s jobs plan to cost billions”. Like their fallacious Darwin Port and Tasmanian loggers coverage this week, the fear-mongering over jobs was not based on any substance. Substance is not their strongest suit. Going into week two of the campaign, Albo’s starts again with the large handicap of a Coalition-subservient media cheering on incumbent Scott Morrison.

Source: News Corp’s Easter Albo shellacking – Michael West Media

Morrison’s hand-out to double size of nation’s logging industry, if you believe it – Michael West Media

Forestry package

Lovely! the SMH, AFR, The Australian, Age and the Murdoch tabloids are all running with a story about Scott Morrison forking out $220m in grants to chop down trees. 73,000 jobs they reckon!

Source: Morrison’s hand-out to double size of nation’s logging industry, if you believe it – Michael West Media

Scott Morrison lets rip on native forests in strange oblation to Tasmania’s logging companies – Michael West Media

logging

You know who I am I’m forever blowing bubbles Morrison

Prime Minister Scott Morrison has “let her rip” on the pristine native forests of Tasmania today. It was his “This is coal” moment for another dying industry. Former Greens leader, farmer and 40 year logging activist Christine Milne explores the government’s latest bizarre and destructive pork barrel.

Source: Scott Morrison lets rip on native forests in strange oblation to Tasmania’s logging companies – Michael West Media

The Dirty Election: how the cards are stacked in favour of Scott Morrison – Michael West Media

Anthony Albanese and Scott Morrison

Sales, a veteran ABC interviewer, did not lay a glove on the marketing maestro and the interview ended with Sales smiling, “Thank you Prime Minister”: the sort of sardonic smile which – in the land of Insiderville which is the Canberra Press Gallery, denotes a doff of the cap, an acknowledgment that yes, okay, you sure can spin the proverbial PM. “You’re good, a bit too good”. There was also the obligatory whine that the PM should come on more often. But why would he when he has the cheesily fawning Paul Murray on Sky, or 2GB, or fan-man Chris Uhlmann on Nine as his go-to?

To get to the point, Labor may be streets ahead in the polls but Scott Morrison is now in his element. His government is a shambles but, with the three major media houses backing him, and the ABC and others truckling to their daily news agendas, Anthony Albanese will have to win this thing, not wait for Morrison to lose it. The propagandists of News Corp will run hard for Morrison. Already, according to their questionable Newspoll, the gap has narrowed sharply. Sure, they want a contest, it sells their propaganda sheets, but given all the subsidies and favors which Rupert Murdoch, Nine Entertainment, and Seven have wrung out of the Coalition they will surely be barracking for the Coalition and bagging Labor till the cows come home.

Source: The Dirty Election: how the cards are stacked in favour of Scott Morrison – Michael West Media

Rio claiming employee taxes as its own – Michael West Media

Minerals Council of Australia, Deloitte, taxes and royalties, Australian mining

The Minerals Council of Australia, a foreign-controlled mining lobby, has duped Australia’s major media in an $80bn PR scam by not accounting for billions in GST refunded every year, exaggerating the contribution of the minerals industry to Australia. Callum Foote reports.https://www.michaelwest.com.au/murdoch-media-nine-entertainment-mining-lobby-busted-for-record-bullartistry-go-into-hiding/

Plus

Minerals giant Rio Tinto has counted the $769 million in tax paid by its employees in Australia in its tally of tax paid by itself in 2021. The minerals and fossil fuel industry frequently engage in PR attempts to bolster its image of contributing to the economy, securing its social license to operate. Chief among these efforts is spruiking the amount of taxes and royalties paid. In 2021, Rio claims $11.1 billion in taxes and royalties have been paid in Australia alone. The first point is that royalties and taxes are not equivalent payments. Royalties are the cost of purchasing commodities from the Australian people. The second point is that Rio has claimed the taxes paid by its employees as its own.

Source: Rio claiming employee taxes as its own – Michael West Media

Sparke Helmore received $162m from Morrison government – Michael West Media

Lobbyland

Sparke Helmore Lawyers, who the government used to conduct the investigation into potential sexual misconduct in the Australian Parliament prayer room by Liberal MPs, has received more than $162 million from the Morrison government.

Source: Sparke Helmore received $162m from Morrison government – Michael West Media

Jordan Shanks, the Parliament prayer room, a police raid and the sounds of silence – Michael West Media

Jordan Shanks, @friendlyjordies, Parliament prayer room

Two days on, deafening silence. Not a word from the corporate media and the national broadcasters. Despite the creeping visions now planted in so many brains, despite the high public interest in this story.Allegations of senior Liberal party figures cavorting in the Parliament prayer room with prostitutes. Allegations sourced directly from a document, an investigation by the government-aligned law firm Sparke Helmore.Yet another raid by the police on a whistleblower. Still silence.The document from the law firm Sparke Helmore was leaked to YouTube investigator Jordan Shanks, aka FriendlyJordies, who published it and produced a compelling Youtube video on the scandal which had clearly been vetted by lawyers.

Source: Jordan Shanks, the Parliament prayer room, a police raid and the sounds of silence – Michael West Media

Forget the cash-splash for the poor, Josh’s Budget giveaway is super for the rich – Michael West Media

SMSFs, Australia, superannuation, Federal Budget

Tucked away in the maelstrom of Budget announcements is a measure which turns private pension funds into the financial equivalent of a magic pudding; valuable, inexhaustible and sheltered from tax until ready to be passed on to the next generation. Harry Chemay unveils the quadrella of self-managed superannuation lurks which favour wealthy retirees. While many Australians were looking for relief from cost of living pressures, wealthy retirees had another reason to celebrate the recently delivered Budget. It continues a measure that turns their private pension funds into the financial equivalent of a magic pudding; valuable, inexhaustible and sheltered from tax until ready to be passed on to the next generation.

Source: Forget the cash-splash for the poor, Josh’s Budget giveaway is super for the rich – Michael West Media