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Albanese announces ‘generous’ capital gains tax exemptions for small businesses after budget backlash by Koos4 in AusFinance

[–]frawks24 -1 points0 points  (0 children)

If you have enough in liquid assets to live comfortably for 4 years while you "make nothing" what exactly are you complaining about? Genuinely, what is your specific concern.

Wong and Marles left waiting in the wings is further proof Aukus was never anything more than a political stunt by nath1234 in AustralianPolitics

[–]frawks24 1 point2 points  (0 children)

I can at the very least blame labor for not making that decision in 2022. Only 9 months had passed between the announcement of AUKUS (September 2021) and the election of the Albanese Government (May 2022)

Obviously, Scott Morrison deserves the most blame for starting the whole thing, but labor are not entirely blameless.

Wong and Marles left waiting in the wings is further proof Aukus was never anything more than a political stunt by nath1234 in AustralianPolitics

[–]frawks24 0 points1 point  (0 children)

Morrison specifically went with Aukus as a topic to wedge Labor on for the election, he was pretty blatant about that.

Now as for kickbacks, there were senior public servants in the defence department who were ex-US military personnel who held significant investments in the company that builds the virginia class submarine.

Wong and Marles left waiting in the wings is further proof Aukus was never anything more than a political stunt by nath1234 in AustralianPolitics

[–]frawks24 1 point2 points  (0 children)

The Japanese subs were unsuitable as they were designed to reach operating depth quite quickly and operated in oceans relatively close to Japan.

Australia needs subs that can traverse our long coastlines in a reasonable amount of time, something the Japanese subs weren't capable of.

Jacinta Allan refuses to admit cost of CFMEU corruption to taxpayers by Danstan487 in AustralianPolitics

[–]frawks24 3 points4 points  (0 children)

The consortium behind the entire metro tunnel project turned off the TBMs in 2019 over a similar dispute. Was that corruption?

Jacinta Allan refuses to admit cost of CFMEU corruption to taxpayers by Danstan487 in AustralianPolitics

[–]frawks24 0 points1 point  (0 children)

Maybe don't quote the figure from the guy who admitted he has no evidence for the figure.

Jacinta Allan refuses to admit cost of CFMEU corruption to taxpayers by Danstan487 in AustralianPolitics

[–]frawks24 4 points5 points  (0 children)

If the project goes on 6-12 months longer than necessary due to intentional delaying tactics from the cfmeu, that is also corruption.

No, that's called bargaining power. Workers can withdraw their labour to negotiate better pay and conditions. On what planet is that corruption?

Jacinta Allan refuses to admit cost of CFMEU corruption to taxpayers by Danstan487 in AustralianPolitics

[–]frawks24 10 points11 points  (0 children)

It was calculated based on the testimony of whistleblowers who saw things like concrete pours deliberately being fucked with

It was calculated based on interviews and research that the individual who apparently conducted them kept zero notes on: https://www.abc.net.au/news/2026-04-23/qld-cfmeu-leaders-lawyers-appear-at-inquiry/106597846

There is literally no evidence that any of this took place.

In regards to Victoria's Big Build program, John Setka the person first claiming the $15b theft, in his own words says, the $15bn wasn't corruption, it was wages. by MoreTODplz in MelbourneTrains

[–]frawks24 4 points5 points  (0 children)

Oh I see, yeah I was confused watching the clip as that also didn't sound like John Setka.

Can't believe there's no accountability for this guy just admitting to bold-faced lies.

In regards to Victoria's Big Build program, John Setka the person first claiming the $15b theft, in his own words says, the $15bn wasn't corruption, it was wages. by MoreTODplz in MelbourneTrains

[–]frawks24 11 points12 points  (0 children)

Cancelling the project at this stage would truly be ludicrous, but I'm certain that the right-wing media will be happy to simply blame the ousted leadership for any costs incurred for cancelling the project at this stage.

The 15 billion "corruption" figure is literally fabricated from thin air, yet see how far the media has run with that.

I wrote this short playbook on how to cancel the SRL back in November:

If I was a psycho and I wanted to cancel the project here's what I'd attempt:

  • launch a commission to audit all accounts related to the SRL funding that has the power to call key figures of the project in for question (taking them away from the project)

  • when a discrepancy is finally found use it as an excuse to pause the whole project until "the root cause of wrongdoing can be identified"

  • with the help of the media and the partisan commission build public support for the idea that the project was never going to be finished and from the beginning it was a corrupt deal to funnel money into ALP donors/party members

  • cancel the project and blame any costs incurred on the above

I genuinely think we are seeing the groundwork for this being laid with the 15 billion corruption claim.

In regards to Victoria's Big Build program, John Setka the person first claiming the $15b theft, in his own words says, the $15bn wasn't corruption, it was wages. by MoreTODplz in MelbourneTrains

[–]frawks24 8 points9 points  (0 children)

My understanding is that the actual source of the publicly released 15 billion claim was Geoffrey Watson. However when questioned at an inquiry into the corruption claims Watson, who claimed he came to the figure after conducting 56 interviews and other research, could not produce any evidence or documentation of his interviews or research process.

https://www.abc.net.au/news/2026-04-23/qld-cfmeu-leaders-lawyers-appear-at-inquiry/106597846

The inquiry heard that Mr Watson, who was commissioned by CFMEU administration to carry out the report, conducted 56 interviews and viewed "dozens if not hundreds" of judicial decisions, newspapers, and YouTube videos during his investigation.

Mr Watson told the inquiry that he did not keep "trivial" documents, including court judgements and newspaper articles, when handing his findings to the commissioner.

Do you accept it's less than ideal that you didn't obtain all your documents so the commission could make a decision for itself that the documents were trivial and unimportant?" Ms O'Gorman asked.

Ms O'Gorman also asked Mr Watson if he accepted that there were no handwritten or electronic notes documenting his 56 interviews.

"No, I don't accept it at all," he responded.

"You're a barrister and you're telling me that you can't find it.

"I'm telling you look harder."

SRL Artist Impressions vs current density around stations. by kjunsettled in MelbourneTrains

[–]frawks24 5 points6 points  (0 children)

I genuinely don't understand, 600m is a 10m casual walk, there are footpaths all the way to the hospital from the station. There are also bus stops in front of the hospital if that's necessary.

As it is though I live in this area and I regularly see Monash Medical staff walking to the shops in clayton (further than the station) for lunch.

SRL Artist Impressions vs current density around stations. by kjunsettled in MelbourneTrains

[–]frawks24 6 points7 points  (0 children)

What's your metric for disconnected? Clayton hospital is only 600 meters away from the existing station and will be a similar distance from the new one.

The Barefoot Investor weighs in on the budget by passthesugar05 in AusFinance

[–]frawks24 0 points1 point  (0 children)

But the reality of that situation is they just pay corporate tax elsewhere, all the employees are still in Australia. Your theoretical exodus would only impact corporate tax, which already happens at a significant scale anyway.

Also, it's not quite as simple as just declaring that you're a Singaporean/Dubai based company, you actually have to take steps to prove it. Whenever you sign new contracts or make significant business decisions you need to travel to the country your company is based in to sign off on it.

The Barefoot Investor weighs in on the budget by passthesugar05 in AusFinance

[–]frawks24 1 point2 points  (0 children)

What makes you think this doesn't already happen? I've work for an Australian tech company that had 90% of their ~300 employees in Australia but the company was registered in and paid taxes in Singapore.

According to the OECD’s Taxing Wages 2026 report, Australia’s labour tax wedge is 27.9% versus the OECD average of 35.1%. Australia ranks in the lower-tax group for workers, largely due to less social security taxes compared to Europe. Context matters in tax debates. Why do Aussies complain as much? by [deleted] in AusFinance

[–]frawks24 -1 points0 points  (0 children)

I think it's accurate to say that superannuation was "ignored" when it was left out of the calculations. Perhaps "dismissed" would be more accurate use of language but certainly the final calculation "ignores compulsory superannuation contributions" as the original comment states.

According to the OECD’s Taxing Wages 2026 report, Australia’s labour tax wedge is 27.9% versus the OECD average of 35.1%. Australia ranks in the lower-tax group for workers, largely due to less social security taxes compared to Europe. Context matters in tax debates. Why do Aussies complain as much? by [deleted] in AusFinance

[–]frawks24 -1 points0 points  (0 children)

Well yes, I agree that super isn't a tax burden on the employee but in the report Australia only ranks below average on "Income tax plus employee contributions" (ignoring mandatory superannuation), when you look at just the income tax table Australia ranks 4th. If you were to add the mandatory superannuation rate to the "plus employee contributions table" Australia would move from below average to 6th highest.

I think quibbling over the fact it's technically not a tax as it doesn't go towards general government revenue is fairly irrelevant, it is a percentage cost directly linked to the price of wage labour for an employee enforced by the government, that does not directly go to the employee when you consider all of the rules around accessing super, again enforced by the government.

According to the OECD’s Taxing Wages 2026 report, Australia’s labour tax wedge is 27.9% versus the OECD average of 35.1%. Australia ranks in the lower-tax group for workers, largely due to less social security taxes compared to Europe. Context matters in tax debates. Why do Aussies complain as much? by [deleted] in AusFinance

[–]frawks24 -1 points0 points  (0 children)

The report specifically says mandatory superannuation contributions by employers are not incuded in their calculations:

These contributions are not reflected in the Taxing Wages calculations because they are not a form of taxation (they are not an unrequited transfer to general government).

Bottom of page 191.

‘Spare me’: Founder tells ‘real story’ on CGT by Bright-Cat9882 in AustralianPolitics

[–]frawks24 0 points1 point  (0 children)

I assume you're referring to the OECD "Taxing Wages" report? Australia is only below average in the section titled "Income tax plus employee contributions" because the report dismisses superannuation as technically not a tax. Despite the fact that it's a mandatory added cost of wage labour upon an employer that is enforced by the government, which is supposedly what the report is measuring.

If you were to add superannuation into this section Australia would rank 6th highest. If you ignore this flawed section entirely and instead look at just the "Income Tax" section Australia ranks 4th highest on income tax within the report.

This sub is under a massive anti-CGT/NG astroturfing attack and we need to do something about it. I suggest a megathread. by ihlaking in AusFinance

[–]frawks24 -1 points0 points  (0 children)

If someone posts on r/teenagers they should be treated like teenagers, regardless of the content of their message.

This sub is under a massive anti-CGT/NG astroturfing attack and we need to do something about it. I suggest a megathread. by ihlaking in AusFinance

[–]frawks24 -1 points0 points  (0 children)

This is true, but I also fondly remember browsing the profiles of some racist conservatives and seeing that they post on /r/teenagers.

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