Australian (ASX) Stock Market Forum

The Turnbull Government

Ah yes.....the good old Commo paper the Guardian...self confessed to exaggerating the truth and especially from the lips of Lenore Taylor that well known communist journalist.

You mean like Andrew Bolt is a Facist, or is he just a good bloke with sensible center ideas ?
 
Tisme,

You seem to have some experience in the building industry, what's your opinion of the ABCC legislation ?

It doesn't affect me either way I'm just interested in whether you think it's necessary, will it reduce safety on building sites, will it reduce costs etc, or is it just a union bashing exercise ?

Comments appreciated.
 
Tisme,

You seem to have some experience in the building industry, what's your opinion of the ABCC legislation ?

It doesn't affect me either way I'm just interested in whether you think it's necessary, will it reduce safety on building sites, will it reduce costs etc, or is it just a union bashing exercise ?

Comments appreciated.

The paper work that went with the National Code of Practice MkI was a leveraged piece that basically black mailed building companies and sub contracting companies into signing or no commonwealth work (this is still there in MII). It prescribed various "best practice" behaviours that were tantamount to making a solemn oath to do the govt's political bidding. Once signed every construction activity, regardless of the client had to be per the NCP, which meant of course a Labor State Govt project would be very hard to win.

I myself have had some fairly robust scraps with union reps and the impudence of someone telling who, what, when and where and to be hit from the otherside by a political game is just sheer antagonism. The thing that people don't know is that investment in commercial building was in a very large part federal govt funding because the free market economy was underlyingly sh1te, the construction industry couldn't survive any growth without taxpayer monies, so the legislation was a dagger.

Let's take Lend Lease as an example of a builder who has it's act together and a large player on the world stage. Lend Lease started out an idea of Dick Dusseldorp with Civil an Civic as the building arm. He had set up Civil and Civic using Dutch money for a consortium and subsequently bought it from them. C&C built the first High Rise (Caltex House) in Oz, but because he was a migrant the banks wouldn't lend so he went off and got funding from Dutch royalty ( he swore he'd never go grovelling to a bank again and I remember how he took out CML, MLC and nearly inked in Westpac too in the 80's). GPT (general property trust) was the company formed to finance Civil and Civic, EPL, Environ's, etc works, So what was his secret to success.......

he had a flat organisation that included all employees in the mix. In the 70's there was accords and understandings with unions, safety on sites was paramount (its Lance Haslam invented catch cry was "Accidents don't happen, they are caused"), the wages were around 125% of award, medical was free, everyone rec'd profit share in the form of shares, trips to company owned Thredbo, lots of personal development training, Harvard courses, etc a great diversity of keen minds more interested in building than playing silly buggers with organised labor as excuse for poor management and negotiation skills. His company was a masterclass of how Hawke wanted Oz in the 80's.

So when this legislation comes back around and a post war company founded on European socialist/societal values, ranked by its world peers as in the top tiers, it will necessarily see the benefits of a EBA, whether it needs to be doing commonwealth govt funded projects or just keep fundng PPP's by itself or with consortiums like Brookfield Multiplex.

The thing is that Lend Lease, which has a traditional relationship with the Labor Party and the Unions (many of the building in Canberra were union owned, C&C built) has an advantage over its competitors because it doesn't rely on federal projects.

The work around fro smaller builders? Well just like with the EBAs, companies set up another company with the same name, except it has word added e.g. "Stockforums Services" which has no binding agreements with the Feds or the unions, or just one of the other.

Safety is a real problem insofar the regulations are so over the top with public service style rules, in reality workers don't really read all the SWMS and Safety Procedures. It has created a bullsh1t industry of safety officers and risk aversion hand cuffs that frustrates workers and probably causes accidents through haste from watchful eyes. The unions know this and that is why they enter sites to audit the basics on behalf of their membership, it is also a great way to gauge conditions, signup slave labourers and causing great grief to sub contractors who aren't doing as they are told by the site foreman who generally uses union clout to slow a job down, stop work, etc for and extension of times.... can't get pinged for things out of your control.:rolleyes:

The construction industry is run on rat cunning, bullying and primitive instincts. I like to say it's the second oldest profession after prostitution, because bothels need roofs and walls.:D

It really is a frontier mentality and no one over the many millenia has managed to legitimise it as mature industry. Of course investors are normally those in power, so there is no advantage to their ROI is low life workers are creaming the profits as benefits, so much better to attack organised labour than enforce fair payments to workers, subbies and suppliers. When you witness first hand ex Labor politicians brokering second mortgage mezzanine finance to developers (especially apartments), who they intend to wind up near the end of projects so they can liquidate the project for their security and surety of investments and 30% profit plus extras, you just know there are a lot of public out there who should know, but won't because the media has the same power elite also noses in the trough.

The new kids on the block are the Catholic boys. They have stitched up Catholic Law firms, Catholic School boards, Catholic Building companies, Catholic Architects, Catholic Developers, Catholic Investment Funds, etc and the fit is perfect for the largely Catholic Liberal Party and not inconsiderable Catholic Labor Party (which Richard Court tried to kill off in Perth City Council). The old school tie is very strong in these people and we aren't talking the traditional Christian Lebs ( I think they are really Jewish genes:D) who dominated some sectors during the nineties.

Very complex industry with some stellar minds always in battle mode.
 
Funny how our "debt and deficit disaster" seems to have been forgotten, but it's still there.

What would most people regard as a reasonable profit margin these days ? 10% ?

Well get a load of this.

Even when prices plunged earlier this year, the big iron ore miners were making a killing with a 50 per cent profit margin. That's now around 200 per cent.

Time for a serious Resources Rent Tax on OUR minerals as John Verrender explains.

http://www.abc.net.au/news/2016-12-...faces-downgrade-to-economic-forecasts/8091678
 
It's not a carbon tax.... it's not anything to do with anything LOL

Poor Josh Frydenburg being man handled by his own peers. :D I can imagine he and Malcolm feel like captives to an implacable bunch of do nothings.

http://www.smh.com.au/federal-polit...-climate-policy-backdown-20161206-gt5f50.html

Meanwhile Peter Costello is maturing in years and common sense and has embarked on morphing into Paul Keating, the man who's changes made Peter look good as the mechanisms kicked in.

Ol' Pete has made a point of making a television appearance to explain to the low IQ party partisans that things like back packer taxes are irrelevant to the big picture.......oh duh

http://www.abc.net.au/news/2016-12-...-parliaments-time-says-peter-costello/8097294
 
Well that cleared that up! Simon Birmingham was just on ABC 24 and he explained that it wasn't Josh Frydenberg afterall, but Bill Shorten and the Labor Party. I'm glad he cleared that up

I don't know why my eyes and ears keep deceiving me ... maybe I need a new TV. :D

Meanwhile I'm thinking of releasing a Xmas album for LNP supporters: 40 minutes of recursive "Blame Bill Shorten and the Labor Party"
 
Well that cleared that up! Simon Birmingham was just on ABC 24 and he explained that it wasn't Josh Frydenberg afterall, but Bill Shorten and the Labor Party. I'm glad he cleared that up

I don't know why my eyes and ears keep deceiving me ... maybe I need a new TV. :D

Meanwhile I'm thinking of releasing a Xmas album for LNP supporters: 40 minutes of recursive "Blame Bill Shorten and the Labor Party"

Jut shows how weak Turnbull is. The socialist/communist/fabian conspiracy theorist nut jobs in the LNP have triumphed over science and rationalism .

The LNP will never get anything worthwhile done in government. They are lame ducks swimming around waiting for someone to shoot them.

Pathetic.
 
Jut shows how weak Turnbull is. The socialist/communist/fabian conspiracy theorist nut jobs in the LNP have triumphed over science and rationalism .

The LNP will never get anything worthwhile done in government. They are lame ducks swimming around waiting for someone to shoot them.

Pathetic.

You'd think when the likes of Abbott and his Headquarters (News Corp) go down the cheap political gain road, they would consider well documented history of picking low hanging fruit: Shakespeare even wrote it into his famous play:

For 'tis the sport to have the enginer
Hoist with his own petard


Almost a decade of LNP hysteria mongering has come back to bite the likes of Josh and jelly kneed Malcolm. They have effectively closed the doors on any policy that is aggressive to do nothing politics. Meanwhile the world around us is changing rapidly.

Malcolm should just go on holidays and not come back = do a Stephen Conroy, a David Cameron, a John Key, a Matteo Renzi and just realise it ain't worth the poor health and grey hair that comes from trying to lead/coalesce with the new breed of inflated egotist politicians who just want to be spoilers for fame.
 
Funny how our "debt and deficit disaster" seems to have been forgotten, but it's still there.

What would most people regard as a reasonable profit margin these days ? 10% ?

Well get a load of this.



Time for a serious Resources Rent Tax on OUR minerals as John Verrender explains.

http://www.abc.net.au/news/2016-12-...faces-downgrade-to-economic-forecasts/8091678

Strange as it seem but the attached link paints a different picture presented by the ABC regarding iron ore profits......But then we all know how the ABC and the Guardian distort the truth don't we.

The latest iron ore price is US $48.99 tonne.......the break even point is between US $30 and $51 per tonne.

http://www.fool.com.au/2015/07/10/which-iron-ore-miners-are-still-profitable-today/
 
Strange as it seem but the attached link paints a different picture presented by the ABC regarding iron ore profits......But then we all know how the ABC and the Guardian distort the truth don't we.

The latest iron ore price is US $48.99 tonne.......the break even point is between US $30 and $51 per tonne.

http://www.fool.com.au/2015/07/10/which-iron-ore-miners-are-still-profitable-today/
Those break even costs in the Motley Fool link are almost 18 months old. A lot has changed since then.

You will find that most of the big miners have been cutting costs and their break evens will subsequently be lower.
 
The economy declined by 0.5% in the September quarter. Mr "jobs and growth" strikes again.

:rolleyes:

Clap, clap, clap...That will make the Green/Labor left wing socialist coalition and its supporters more than happy and what are they doing to help?....Zilch, except more obstruction to make the government fail....What a bunch of cronies you Fabians are.
 
The one they forgot is the scrapping of Fact Check at the ABC :D


Some Achievements of the Abbott Government (2013-2015)

The Abbott Government was elected on a platform of building a stronger, more prosperous economy for a safe and secure Australia. Following six years of chaos and mismanagement, the Abbott Government moved quickly to clean up Labor’s mess.

Some of the achievements of the Abbott Government include:

The repeal of Labor’s carbon tax, saving families $550 a year on average;
The repeal of Labor’s mining tax, restoring confidence to this important sector;
Stopping the boats and stopping the deaths at sea;
The conclusion of three free trade agreements with China, Japan and South Korea;
Rolling out the largest infrastructure investment in Australia's history - $50 billion to improve road and rail links, reduce travel times and support economic growth;
Ending five decades of indecision by approving a second airport for Sydney to be located at Badgerys Creek;
Delivering the lowest small business tax rate in half a century;
Beginning the task of Budget repair;
Legislating four tranches of national security legislation, to keep Australians safe;
Providing more resources for our security and law enforcement agencies to combat terrorism;
Establishing counter-terrorism units at all international airports;
Providing environmental approvals to 176 projects valued at more than $1 trillion;
Establishing the Royal Commission into Trade Union Governance and Corruption;
Scrapping Labor’s bank deposit tax, to protect the savings of hard-working Australians
Establishing the New Colombo Plan;
Establishing the Medical Research Future Fund; and
Committing to take an additional 12,000 refugees from the war torn Middle East.
Read more about Tony Abbott here.






Some Achievements of the Turnbull Government (2015 - )

The Turnbull Government is implementing its plan to transition Australia from the mining construction boom to a new and more diverse economy – fuelled by innovation, the opening of new markets, and more investment in Australian enterprise.

The Turnbull Government’s plan for a strong new economy is supporting this transition, by driving economic growth and creating the new, higher paying jobs of the future.

Some of the achievements of the Turnbull Government include:

An innovation and science agenda to help create the jobs of the future;
Landmark reform of Australia’s competition law – to help small to medium companies compete with big business;
The 2016 Defence White Paper which will secure Australia in the 21st century ;
A defence industry plan which backs local advanced manufacturing, particularly in regional Australia.
Taking action to address domestic violence through the $100 million Women’s Safety Package.
Overseeing the release of all children from onshore immigration detention (which compares with Labor’s record of 8,469 children in detention);
Cracking down on multinational tax avoidance to ensure companies that make money in Australia pay tax in Australia;
Legislating to implement the China-Australia Free Trade Agreement;
Signing the Trans-Pacific Partnership to deliver substantial new trade and investment opportunities for Australian businesses ;
Bringing our media laws into the digital age and ensuring local media outlets remain viable;
Establishing the $1 billion Clean Energy Innovation Fund;
Banning excessive surcharges on credit cards to protect Australian consumers;
Investing in important public transport projects, including the $95 million Gold Coast Light Rail, the Sydney Metro and the Melbourne Metro;
Senate voting reform that ensures Australians, not preference whisperers, choose their Senators; and
The abolition of Bill Shorten’s truck tribunal which was putting owner-operator truck drivers out of business.

Just makes me all warm and fuzzy knowing we are in good hands for big ticket agendas
 
The one they forgot is the scrapping of Fact Check at the ABC :D




Just makes me all warm and fuzzy knowing we are in good hands for big ticket agendas

Meanwhile our gas is being exported for very little return to us and our power generation infrastructure is falling to pieces. Yes, great achievements they have gained. :confused:
 
Meanwhile our gas is being exported for very little return to us and our power generation infrastructure is falling to pieces. Yes, great achievements they have gained. :confused:

Here we go again....How much has the government got invested in CSG?...What do you expect?..Rumpy we have been through all this before with Qatar...You have a very short memory.

Yes you are right for once, the general infrastructure is falling apart thanks to the Green/Labor left wing socialists coalition blowing up coal fired power stations in Victoria and South Australia....Making power so expensive and unreliable....Creating loss of jobs and heartache for business in SA....Power prices are expected to rise 10% in Victoria and SA in January causing more pain for the struggling pensioners and house holds.
 
Top