I believe our economy should serve its people. Labor will always work for an economy that is both strong and fair. We can deliver growth, efficiency and social justice when we provide quality education and training, support industries to provide jobs that are fairly paid and stable, and recognise the distinct needs of regional Australia, all while embracing the potential of technology and innovation. Australia is at its best when the benefits of economic growth are there for all to share.
Labor is announcing today that we will move to give ASIC new powers to protect consumers by including ‘buy now, pay later’ providers in the scope of new design and distribution obligations and product intervention powers.
A Senate Committee has recommended greater tax transparency for for-profit aged care providers. The Senate Economics References Committee report into Financial and Tax Practices of For-Profit recommends that for-profit aged care organisations that are in receipt of large sums of public money should be subject to more rigorous transparency protocols. Australians have the right to know the tax practices of large corporations.
Labor has moved to establish a Senate Inquiry to examine financial services that were excluded from the terms of reference of the Financial Services Royal Commission.
Nobody can accuse Australian women of not pulling their weight in the Australian economy. Many women go to work, they work hard for their employers then they go home and do a second shift looking after kids or looking after other family members.
The Coalition’s budget is fundamentally unfair and will make working and middle class Australians pay for tax cuts to the big end of town.
If you are after a guarantee that the tax cut will increase wages, you are not going to get it. They can't give it. That is simply not what their modelling tells them.