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Lending changes are foie gras for banking

Greens Economic Justice spokesperson, Senator Nick McKim, responded to reports today that the government will loosen lending standards and relieve the banks of responsibility for determining a customer’s loan capacity to service a loan.

“Today’s announcement shows exactly where this government’s allegiances lie," Senator McKim said.

“The day after Westpac received the largest corporate penalty in Australian history, the government is changing the rules to benefit the banks."

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Paid pandemic leave a step in the right direction but needs to go further for all Tasmanians

Tasmanian Greens Senator Peter Whish-Wilson today welcomes the announcement from Prime Minister Scott Morrison that paid pandemic leave will be extended to Tasmania but says that it needs broader eligibility criteria. He today calls for all Tasmanian workers to be eligible for the payment.

Senator Whish-Wilson first called for Premier Gutwein to raise with the PM the extension of paid pandemic leave for the 59 000 Tasmanians without leave entitlements on August 6th.

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Big businesses that receive JobKeeper and pay out dividends should be cut loose and made to repay funds

Greens Treasury spokesperson Senator Peter Whish-Wilson has called for big companies that are paying out dividends from their profits or buying back shares whilst on JobKeeper, to return the money and no longer be made eligible for the payment.

Senator Whish-Wilson has today written to Treasury proposing the change to JobKeeper eligibility.

"The fact that the average citizen right now is worried about job security and making ends meet, whilst large companies are getting Government hand-outs and buying up shares, is simply obscene.

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Paid pandemic leave desperately needed with 59,000 Tasmanians without leave entitlements

Tasmanian Senator Peter Whish-Wilson has called for Tasmania to be included in the Federal Government's Paid Pandemic Leave scheme, with ABS data showing Tasmania has the highest percentage of employees without leave entitlements in the country.

Senator Whish-Wilson has today written to Tasmanian Premier Peter Gutwein asking him to request that the PM include Tasmania in the paid pandemic leave scheme, giving it the best chance to fight against COIVD-19.

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COSTINGS SHOW BRINGING FORWARD TAX CUTS WOULD COST AN EXTRA $28 BILLION

The Australian Greens have released costings from the Parliamentary Budget Office on the cost of bringing forward income tax cuts.

The costings of four scenarios show that the cuts would cost up $28 billion, in addition to baking in an ongoing budget burden of tens of billions every year.

“In the middle of a recession, public money should be spent on job-creating public investment, not on fast-tracking tax cuts for millionaires,” said Greens Leader, Adam Bandt.

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GOVERNMENT CHOOSES TO LOCK IN HIGH UNEMPLOYMENT FUTURE

The Greens have described today’s Economic and Fiscal Update as a plan based on austerity and fantasy projections that will lead to ongoing high unemployment.

The figures released by the Treasurer today exposed the urgent need for debt-financed public infrastructure and public services such as ongoing free childcare that will help get us into full employment, not more tax cuts for the wealthiest fifteen per cent of income earners.

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Greens launch debt-led economic recovery plan including a jobs and income guarantee and massive green investment

Young people will be guaranteed a job, secure income, and free education under a new Greens recovery plan to restart the economy and build ‘a better normal’ after the coronavirus economic shock.

The vision for a debt-financed recovery reaffirms the government’s role in responding to the crisis, and rejects the austerity approaches offered by the Liberal and Labor parties, charting a course for a government-led recovery that extends Australia’s world-class social services, instead of slashing funding for education, healthcare, and the environment.

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RBA Governor right about need for tax reform, but that doesn't mean tax cuts: Greens

The Australian Greens have joined RBA Governor Dr Lowe’s calls for tax reform, with Australian Greens Leader, Adam Bandt, saying that means removing unjustifiable tax breaks for polluters, shifting tax concessions towards research, development and innovation and boosting public sector investment.

In responding to Dr Lowe’s speech, Greens Leader Adam Bandt MP warned the Liberal Party against using it as an opportunity to further give tax breaks to their corporate backers, saying everyday Australians should be the chief beneficiaries of any reforms.

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BANDT, FARUQI: Big banks failing homeowners who deserve mortgage holiday too

This morning’s decision by the big four banks to do nothing for homeowners risks putting families out on the streets, Leader of the Australian Greens, Adam Bandt MP, and Housing spokesperson, Mehreen Faruqi, said today, calling for the government to get big banks to give vulnerable homeowners a residential ‘mortgage holiday’ to make sure families don’t lose their homes.

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