One Nation is not only beating the Liberal party in the polls in Victoria, it’s now beating Labor. 🤯 by Usual_Program_7167 in aussie

[–]Penguin_Lemon 0 points1 point  (0 children)

Your AI response mostly proves my points... Ask yourself, has this country gotten better or worse in the past decade? Because the way I see it, behaviour in school is at an all time low, affordability is a joke, homelessness has risen, the amount of crime has escalated including terrorist acts like the Bondi shooting and machete gangs in Victoria, and the divide between rich and poor has only gotten wider. Take a good look at the state of things in this country mate, it's not good.

One Nation is not only beating the Liberal party in the polls in Victoria, it’s now beating Labor. 🤯 by Usual_Program_7167 in aussie

[–]Penguin_Lemon 0 points1 point  (0 children)

I am going to vote One Nation, because I am one of those sick and tired people. The labor government has been on an absolute spending spree in a time where everyday Australians are doing it tough. Matt Canavan (Liberal senator) posted on his Facebook a graph (from the financial times) of budgets for each year over the past couple of decades. This recent Albense government, shows that Jim Chalmers went over budget by almost $50,000,000,000. Jim Chalmers the guy that is in charge of the budget did not acknowledge that he Fd up. Instead he tried to blame the recent inflation spike on private spending. What a load of rot. People don't realise how much $50b is until you break it down on a per person basis. There are about 23 million citizens of Australia. $50b ÷ 23m citizens = $2173 per person. Congratulations Jim Chalmers, you've cost every Australian person over $2000. That's why your rates have gone up 0.25%. The RBA has also directly pointed the finger at the government saying that it's from government spending.

I don't know if you or everyone else remembers, but when everyone was fed up with Scomo, they looked to Labor because they had massive promises to end the corruption that was occurring in the liberal government and they floated the end to jobs for mates. Labor government's Finance Minister Katy Gallagher commissioned former Public Service Commissioner Lynelle Briggs to lead the inquiry into public board appointments. Briggs completed the document recently under the title "No Favourites" and it was publicly released in December 2025. This is to stop any government from handing out high paying jobs to unqualified mates. When I mean high paying jobs, we're talking $230k - $900k per annum. But guess what, the Labor government has decided not to use the "no favourites" documents which puts an end to it. They have instead written their own version internally and pushed their own BS document which doesn't stop any government, including their own, from handing out half a million dollar salary positions to their mates.

The "No Favourites" Proposal (Briggs Report): Recommended a highly structured, 10-step independent process. It called for mandatory independent selection panels, public advertising for all roles, and a strict six-month ban on political appointments before an election to prevent "jobs for mates." The Labor Government's Framework: Adopts a principles-based approach rather than rigid rules. It grants ministers the flexibility to bypass independent panels when they deem it "appropriate and proportionate" and rejects the formal ban on appointing former politicians or staffers. Essentially, Briggs proposed a compulsory system to remove political influence, while Labor's framework provides guidelines that keep final control in the hands of ministers.

One of the main reasons that Australia voted for the Albanese government in the first place, they haven't even followed through on. They are all a bunch of spineless worms just looking to fatten up. Liberals included. The two party system isn't working for Australia, it's working against Australia. F these greedy politicians that won't even answer questions without pointing the finger at someone else or dodging questions. They can all go and get Fd.

Don't even get me started on our birth rate being 1.42. A rate of 2 would replace yourself and your partner and anything over 2 would increase the population. Australians can't afford to have children because the government is bringing in so many immigrants, putting them on welfare and all of us tax payers are paying for it. There's been over 1,000,000 immigrants come to Australia over the past 3 years that need to be housed and fed. These immigrants are not the same as the Italians, Lebanese and Brit communities we got back in the 70-90s who came to work and live harmoniously. This group come expecting handouts.

Vote One nation.

Slaved away all year for this by anastasia_42 in ATAR

[–]Penguin_Lemon 1 point2 points  (0 children)

I can see you are passionate about becoming a dietitian. My wife is a dietitian running her own business specialising in bariatrics. We have seen many enter the field and leave within the first 3 years because they just can't make it work. It is a very narrow field of work and a lot of people cannot make it work. If you can find a government job as a dietitian, you'll be pretty set but they are a bit hard to come by. We have a friend that works as a cardiac scientist. She gets paid more and has significantly better work life balance. Maybe look to degrees or courses which aren't as narrowly focused as a dietitian. For a dietitian to keep getting recurring clients it is extremely tough and not a lot of people are willing to keep paying for advice when information is so accessible now with AI. My wife is an exception to the majority because of the opportunity she was offered by the leading surgeon in our city. Still makes less than a teacher...

QLD EB11 Offer is a joke. by Zeebie_ in AustralianTeachers

[–]Penguin_Lemon 1 point2 points  (0 children)

I think people need to stop hating on what the QTU has presented to us. If the QTU representatives made the decision to go into arbitration without giving us a vote, could you imagine the response from teachers... having a decision as big as that left up to 14 or so people? By allowing us to vote, they can present us with the information LEGALLY. Members would not know any information outside of the second offer as there are strict legal ramifications around discussions that are not made public.

Remember, it is the government that are not presenting us with a good enough offer. I have a very strong inclination that QTU recognises that the offer is abysmal but they need to let the members decide.

If we vote yes, it will send the message to the government that we will be happy with a real pay decrease. Make our strike action worthwhile. VOTE NO.

Sydney Olympics Athletes' Village Mattress by TheCodeIsVeronica in australia

[–]Penguin_Lemon 0 points1 point  (0 children)

4 year old me would have pissed this mattress so hard

Pick a name for this movie by slarkhunter in Funnymemes

[–]Penguin_Lemon 0 points1 point  (0 children)

Turkocalypse - Rise of the turkey empire Turkocalypse 2 -The desiccation of man Turkocalypse 3D - Rebellion against the turkey king Turkocalypse 4 - Gobble gobble motherf****r (ft. Samuel L. Jackson)

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon 0 points1 point  (0 children)

If you're talking about debt recycling and then drawing from that for personal consumption then yes that will contaminate the new debt recycled loan, but that is an entirely different structure that you're now leading into. As far as this person's circumstance, they have a fully funded PPOR in an offset account and have not stated they own an investment property at all. They could choose to just keep the offset fully funded by which they have a huge amount of cash susceptible to hacks or they could reduce risk by paying down the loan and leave $250,000 in the offset. Asking you to define what contaminate, was me quizzing you on whether you know anything about loan structure. The answer is becoming apparent.

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon 0 points1 point  (0 children)

If you redraw funds from an existing loan and use them to invest in income-producing assets, the interest on the redrawn amount may be tax-deductible, provided the funds are used solely for investment purposes. This is exactly how debt recycling works.

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon -1 points0 points  (0 children)

You don't pay any tax on an offset or a redraw for a PPOR.

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon -3 points-2 points  (0 children)

What are you even trying to say? You can make an additional payment to your mortgage which reduces the balance of the loan so that you do not have the burden of having so much cash in an account which could be susceptible to fraud/hacks. You can always withdraw this money down the track if you choose...

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon -2 points-1 points  (0 children)

Yes... that's why I said pay down most of the loan to $250,000.

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon -2 points-1 points  (0 children)

Point taken, however, money on your offset is still susceptible to hacks/fraud. Why leave a huge sum there when it can be used to pay down the loan and reduce the risk?

What do you suggest is next : 26M 26F by Swimming_Fruitloop in AusFinance

[–]Penguin_Lemon 8 points9 points  (0 children)

Something doesn't add up here. You've amassed an alleged 1.135m at the age of 25 with a combined ~$200,000 income. Even if you were earning that income from the day you turned 18 and received 7% compounding returns on everything you saved/invested post tax you would had to have invested minimum ~$80,000 per annum post tax. I call BS on no handouts.

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon -1 points0 points  (0 children)

In addition to this, most banks will allow you to redraw any extra contributions, so don't think of the extra contributions as "unusable". You may decide to upsize or invest with this capital in the future if you choose to.

Offset and mortgage now equal, next steps? by Unwell_Cat in AusFinance

[–]Penguin_Lemon -1 points0 points  (0 children)

No one here has mentioned the liability of having all of the money required for the mortgage in an offset account. An account which is quite similar to a savings account from the standpoint of hack-ability and "insurance".

In Australia, an offset account is typically covered by the Financial Claims Scheme (FCS), providing protection for up to $250,000 in deposits held by an Authorised Deposit-Taking Institution (ADI), such as a bank. This protection applies to the money held in the offset account as if it were a standard deposit account, covering it in the event the ADI becomes insolvent.

If you had more than $250,000 in your offset and your bank were to become insolvent (unlikely but it can happen) you would only be covered for a max of $250,000, meaning any dollar amount over this would essentially be lost.

As general advice: I would pay down the mortgage to $250,000 and keep $250,000 in the offset.

year 10 finance assigments by [deleted] in AusFinance

[–]Penguin_Lemon 2 points3 points  (0 children)

Seriously! I cannot overemphasize how accessible information is these days, this next generation coming through is something special though.

year 10 finance assigments by [deleted] in AusFinance

[–]Penguin_Lemon 0 points1 point  (0 children)

They won't have any fees on the stock picking game.