Media release ENDSUnited Australia Party outlines economic plan for freedom and prosperity
CANBERRA: The United Australia Party has outlined its economic plan to deliver freedom and prosperity for all Australians.
Chairman and Shadow Treasurer Clive Palmer said only the United Australia Party could save Australia from the economic catastrophe imposed by the Liberal and Labor governments in racking up $1 trillion in debt.
The European Central Bank has released a study of the public debt and long-term interest rates of the economies of Germany, Italy and the USA setting out the relationship between high debt and interest rates in those countries over a ten-year period.
“It concludes when you study the data high levels of debt, such as we are suffering, have little impact on short term interest rates over a one-to-two-year period.
“But then after that, in two years’ time when applied to Australia’s circumstances, it demonstrates that interest rates will most likely not only double with our level of debt, but quadruple.
“Already, the Commonwealth Bank recently predicted there would be four home loan increases this year.
“The Chief Executive of the IMF has confirmed that it is inevitable that interest rates will rise.
“And in the US, the Federal Reserve plans to raise interest rates three times in 2022. Inflation is rising its head in Australia with price escalation for fuel, energy and basic commodities, and after the election we will face runaway inflation which will lead to higher interest rates that will devastate Australian families and businesses and destroy the independence and freedom of the nation.
“The impact of increasing interest rates has been considered by other studies which have shown that if our interest rate for home loans doubles from 2% to 4%, 60 percent of all mortgages will be in default and if the interest rate goes to between 6 to 8 % as it most surely will, the default rate will be greater than 90%,” Mr Palmer said.
“The real damage of the pandemic is the trillion-dollar debt racked up in Australia by Scott Morrison and Australia’s debt record-breaking treasurer Josh Frydenberg, who has never even run a small business.
“Frydenberg says we can have a surplus of 10 billion a year and pay down our debt but at that rate and projected interest rate, I estimate it will take over 150 years to get the nation back to where it was when John Howard left office.
“We don’t have 150 years to act. Unless Australia’s unprecedented debt is urgently remedied it will cause all mortgages to default as interest rate rise, it will cause Australians to lose their homes, and it will also remove the underlying security for all our small businesses.
“Australia must act now to save our homes, to save the country’s economy, to protect our freedom and independence,” he said.
Mr Palmer said under Craig Kelly’s leadership, the United Australia Party would tackle the $1 trillion debt problem head on implementing measures designed to protect the Australian economy from the impact of the failures Labor and the Liberals.
“The iron ore market is supplying the boom in manufacturing in Asia upon which the economies of Japan, Korea, China and the rest of Asia depend. Asia is reliant on Australian iron ore. Without it, the Asian economies can’t function. That is the reality.
“Tens of trillions of dollars have been invested in China, Japan and Korea based on the supply of Australian iron ore.
“Their supply chain and the prosperity of their people, as well as their exports, are linked to Australia. Australia has become the quarry upon which all of Asia bases its prosperity. This becomes apparent when we consider the iron ore supply sources to Asia. Australia supplies 75% of that market.
“South American infrastructure and production cannot be expanded, and infrastructure in Africa is a nightmare. In essence, Australia is the dominant and only supplier of iron ore growth in Asian economies, and is at the bottom of the food chain, while Asian economies expand and benefit from low priced Australian iron ore, and use their financial clout to punish Australia, when they know how vulnerable their economies are to Australia.
“But our politicians lack the foresight and courage to protect and defend Australia’s interests.
“Australia must act now to save our country from the catastrophe that is about to destroy our economic prosperity and the security of Australian families.
“In the 1960s the Australian Government had export licences for our iron ore. Many nations in Asia, such as Indonesia, have in recent times introduced export licences for their nickel and other resources, as the growth of world trade and the accelerations of export has required the national interest of those countries to be protected.
“The United Australia Party will introduce a 15%-export licence for all iron ore exports from this country, and will pledge the proceeds from such licences to be used for the retirement of the one trillion-dollar debt mountain that Australia faces.
“Our modelling which we will release before the election confirms the export licence proceeds will reduce the debt level by 70% within 15 years and in the process save Australia from high interest rates.
“In the meantime, the United Australia Party will use the power of the Constitution to put a cap on the bank home lending rate at a maximum of 3% for the next five years to protect six million Australian homes, and defend the prosperity and freedom of all Australian families and the independence of our country.
“Many people are unaware that Australia is the fourth largest holder of pension fund assets in the world. Australian super funds have around 3.5 trillion dollars and are one of the largest sources of capital in the world, but much of it is invested in North America and Europe and does not provide economic growth and employment for our citizens.
“Under a United Australia Party government, at least one trillion dollars of Australian super invested off-shore will be required by law to be instead invested in our country to secure our citizens’ economic prosperity and maintain the nation’s independence.
“It’s projected that in 2041 we will have 9.5 trillion dollars of super and that super must be deployed to benefit our country and our people, not some foreign country.
“Further, one of the United Australia Party’s long-standing policies is to stop the provisional tax being paid in advance by Australian businesses, before profits have been made,” Mr Palmer said.
“The United Australia Party will stop it, to allow up to an extra ninety billion dollars to circulate in our economy and provide GST revenue for the government and jobs, jobs and more jobs for Australians.
“We also want to see the government play a key facilitating role in setting up new export industries for Australia, much as they did for BHP at the start of the last century.
“Australia can process its own minerals and instead of exports worth a few hundred dollars a tonne we want to have exports worth over $10,000 a tonne, which will provide stronger exports, stronger tax revenue and more real jobs for all Australians.
“The Commonwealth can use the increased financial strength these measures will bring to invest, among other things, in our health facilities.
“Despite the one trillion of debt run up by Morrison, there has been no increased investment in our hospital system in the last two years. It is shameful to be playing politics with Australians’ health,” Mr Palmer said.
Mr Palmer said the United Australia Party was committed to stimulating economic growth in rural areas.
“Our cities are bursting at the seams. We face a future of heavy congestion, serious housing affordability issues and mounting cost of living pressures.
“By providing a 20% tax concession incentive to people living more than 200kms from a capital city, we can decentralise Australia and encourage people to move to or settle in regional areas. This will provide Australians with a lower cost of living and housing affordability, and ensure our existing infrastructure in the regions and competitive industrial land is fully utilised.
Australia is failing to maximise revenue from its prized mineral resources by continuing to send unprocessed ores overseas.
“The United Australia Party’s downstream processing policy will see more stages of the mining process happen on Australian soil, rather than offshore, resulting in much higher returns, along with stimulants for both economic growth and job creation.
“We can use Australia’s mineral resources to kick-start our economy by setting up downstream processing in States such as South Australia, New South Wales and Victoria that aren’t as resource rich as other states.
“So, the message for all Australians is that if you’re happy with all that is being done now, if you believe that Scott Morrison or Anthony Albanese really represent your interests, you can vote again for them.
“But for all the reasons I have outlined, and if you believe as I do that an interest rate of no more than 3% on home loans for the next five years is more likely to secure you and your family’s future as we go forward in this century then you must vote for the United Australia Party,” Mr Palmer said.
Blog
Media release The United Australia Party will freeze the fuel excise when elected to reduce cost-of-living pressures on Australian families, the party’s shadow treasurer, Clive Palmer, announced today. “Under the Labor and Liberal coalition, fuel prices continue to soar as a direct result of the economic crisis they have created. “Today Australia faces a trillion dollars of debt which is unpresented in our nation’s history, and the only response from the Morrison and Labor governments is to slug us with extra taxes,’’ Mr Palmer said. “Under a United Australia Party government, the fuel excise will be frozen and no more extra taxes will be imposed on hard-working Australians. “The United Australia Party will deal with the trillion dollars of debt head on by implementing measures designed to protect the Australian economy from the impact of the failures of the Liberals and Labor,’’ Mr Palmer said. “Australia must act now to save our country from the catastrophe that is about to destroy our economic prosperity and the security of Australian families.” Mr Palmer said the full details of the United Australia Party’s economic platform will be announced on April 7. ENDS
Freeze the fuel excise: Palmer
Media release Federal Leader of the United Australia Party, Craig Kelly, announced today the appointment of Leichhardt candidate Dan Hannagan to the shadow ministry. Under a Kelly government the Cairns-born business executive and community leader will be appointed to the new portfolio of Minister for North Queensland, ending years of government neglect for the region’s residents. “For too long the people of North Queensland have lacked real representation, infrastructure development has suffered and with that so too has the economy,” Mr Kelly said. “Dan Hannagan brings a wealth of real-world experience, leadership and passion to deliver jobs and prosperity to the people of North Queensland,” he said. Married with three sons, Dan is an active member, past vice president and president of the Circular Economy FNQ (formally the Committee for Waste Reduction), ex member of the Barrier Reef Toastmasters and group leader at Freshwater Scouts. He started his own martial arts academy at 18 years of age and has been actively involved in coaching and studying health and fitness. From 2010 to 2020, Dan was Managing Director of Medalfield, a family-owned waste recycling and landfill company. Dan is passionate about giving back to the North Queensland community, volunteering for numerous charity events and fundraisers. ENDS
Kelly announces Shadow Minister for North Queensland
Media release Mr Palmer has also taken extreme offence to claims made by WA Labor MP Patrick Gorman about buying the car. “These career politicians have all been sucked in by incompetent journalists reporting fake news,” Mr Palmer said. “I have not purchased a car that belonged to Adolf Hitler. “These outrageous lies have caused considerable damage to my reputation and I will be bringing the people responsible to account through the courts. Mr Palmer said the extraordinary attacks highlighted how out of touch politicians had become. “The Liberal-Labor alliance is struggling for relevance and rather than concentrate on the issues that really matter, are too busy engaging in mud-slinging and pushing lies to damage the reputation of anybody who threatens to upset the status quo,’’ he said. ENDS
Palmer to take legal action over claims he bought Hitler’s car
Clive Palmer said today he would commence legal action against Home Affairs Minister Karen Andrews for spreading outrageous fake news that he had purchased Adolf Hitler’s car.
Media release FEDERAL Leader of the United Australia Party, Craig Kelly, announced today the party had endorsed 150 House of Representatives candidates to contest the upcoming Federal Election. Mr Kelly said the United Australia Party was receiving strong support and was confident the party would be part of the Government following the election. “Now more than ever we need to protect our country’s prosperity and economic outlook,’’ Mr Kelly said. “The biggest threat to the future of Australia is the increase in interest rates resulting from the debt of over $1 trillion that Scott Morrison’s Liberals and Labor have contributed to. “The stark reality is when interest rates rise by 4%, 70% of Australians will experience mortgage stress or failure. “This will result in losses of homes, the property market will fall and we will see Australia succumb to foreign ownership by China and North America,’’ Mr Kelly said. “Last week, I announced our finance team headed by Clive Palmer, one of Australia’s most successful business people, as Shadow Treasurer and former Deloitte CEO Domenic Martino as Shadow Finance Minister. “Mr Palmer and Mr Martino bring a wealth of real-world experience to deliver economic prosperity to Australia. “Comparing the combined experience of the United Australia Party’s finance team with that of the Labor apparatchik and Josh Frydenberg, it’s chalk and cheese.” Mr Kelly said the United Australia Party would protect Australia and pay back the entire debt. “While makeover Albo does nothing and Scotty from marketing shows no moral compass, we see that Mr Palmer has personally created over 60,000 jobs and more than $4 billion of exports for Australia,’’ he said. “Our country needs a tough, robust financial position to put our best foot forward to secure a bright future for all. “Next week, Mr Palmer will address the National Press Club where he will announce the Party’s financial blueprint to secure our financial future in the face of a pending national crisis that the Prime Minister and Labor don’t recognise or simply ignore. “A cynic could say the last two year’s economic performance has been designed for the coming destruction of the economy and individual hardships. Only intervention by a future United Australia Party will save our country,’’ Mr Kelly said. The United Australia Party’s endorsed Lower House team: NSW Banks: Marika Momircevski, Barton: Mahmoud Mando, Bennelong: Rhys Collyer, Berowra: Christopher Martinic, Blaxland: Elvis Sinosic, Bradfield: Rob Fletcher, Calare: Adam Jannis, Chifley: Zvetanka Raskov, Cook: Jacqueline Guinane, Cowper: Joshua Fairhall, Cunningham: Benjamin Britton, Dobell: Dean Mackin, Eden-Monaro: Darren Garnon, Farrer: Louis Ramos, Fowler: Lela Panich, Gilmore: Jordan Maloney, Grayndler: David Smith, Greenway: Mark Rex, Hughes: Craig Kelly, Hume: Garry Dollin, Hunter: Geoff Passfield, Kingsford Smith Anthony: Tawaf, Lindsay: Kristina Schupp, Lyne: Joel Putland, Macarthur: Rosetta Sicari, Mackellar: Christopher Ball, Macquarie: Nicole Evans, McMahon: Marie Saliba, Mitchell: Linda Daniel, New England: Cindy Duncan, Newcastle: Amanda Cook, North Sydney: Robert Nalbandian, Page: Ian Williamson, Parkes: Petrus Van Der Steen, Parramatta: Julian Fayad, Paterson: Jason Olbourne, Reid: Jamal Daoud, Richmond: Rob Marks, Riverina: Daniel Martelozzo, Robertson: Barbara-Jane Murray, Shortland: Kenneth Maxwell, Sydney: Vanessa Hadchiti, Warringah: Andrew Robertson, Watson: John Koukoulis, Wentworth: Natalie Dumer, Werriwa: Tony Nikolic, Whitlam: Timothy Banfield. VIC Aston: Rebekah Spelman, Ballarat: Terri Pryse-Smith, Bendigo: Elijah Suares, Bruce: Matt: Babet, Calwell: Joshua Naim, Casey: Anthony Bellve, Chisholm: Melanie Kempson, Cooper: Adam La Rosa, Corangamite Daniel: Abou-zeid, Corio: Morris Murdock, Deakin: Bianca Gidley, Dunkley: Adrian Irvine, Flinders: Morgan Jonas, Fraser: Keith Raymond, Gellibrand: Abraham Isac, Gippsland: Gregory Forster, Goldstein: Catherine Reynolds, Gorton: Michael Virag, Hawke: Andrew Cuthbertson, Higgins: Ingram Spencer, Holt: Gerardine Hansen, Hotham: Bruce Ridgway, Indi: Stephen Williams, Isaacs: Scott McCamish, Jagajaga: Allison Zelinka, Kooyong: Scott Hardiman, La Trobe: Merryn Mott, Lalor: Juanita Paterson, Macnamara: Jefferson Earl, Mallee: Stuart King, Maribyrnong: Darren Besanko, McEwen: Paul McRae, Melbourne: Justin Borg, Menzies: Nathan Scaglione, Monash: Christine McShane, Nicholls: Robert Peterson, Scullin: Yassin Albarri, Wannon: Craige Kensen, Wills: Michael El-Hajja. QLD Blair: Quinton Cunningham, Bonner: Serge Diklitch, Bowman: Mary-Jane Stevens, Brisbane: Justin Knudson, Capricornia: Nathan Harding, Dawson: Christian Young, Dickson: Stephanie Olsson, Fadden: Nathan O’Brien, Fairfax: Lisa Khoury, Fisher: Tony Moore, Flynn: Tanya Wieden, Forde: Roxanne O’Halloran, Griffith: Robert McMullan, Groom: Melissa Bannister, Herbert: Gregory Dowling, Hinkler: Kristie Nash, Kennedy: Peter Campion, Leichhardt: Daniel Hannagan, Lilley: Gerardine Hoogland, Longman: Stefanie Sutherland, Maranoa: Nathan McDonald, McPherson: Joshua Berrigan, Moncrieff: Dean Vegas, Moreton: Chelsea Follett, Oxley: Timothy Coombes, Petrie: Kelly Guenoun, Rankin: Jeffery Crank, Ryan: Bernard Wong, Wide Bay: Tracy Bennett, Wright: Cassandra Duffill. SA Adelaide: Sean Allwood, Barker: David Swiggs, Boothby: Graeme Clark, Grey: Suzanne Waters, Hindmarsh: (to be confirmed), Kingston: Russell Jackson, Makin: Kimberley Drozdoff, Mayo: Samantha McGrail, Spence: Alvin Warren, Sturt: Stephen Grant. WA Brand: David Pike, Burt: Joshua McCurry, Canning: James Waldeck, Cowan: Claire Hand, Curtin: Ladeisha Verhoeff, Durack: Andrew Middleton, Forrest: Helen Allan, Fremantle: Stella Jinman, Hasluck: Will Scott, Moore: Helen Watkinson, O’Connor: Tracy Tirronen, Pearce: Trevor Dalby, Perth: Sonya Eberhart, Swan: Paul Hilton, Tangney: Travis Mark. TAS Bass: Kyle Squibb, Braddon: Darren Bobbermien, Clark: Sandra Galloway, Franklin: Lisa Matthews, Lyons: Rohan Peterson. NT Lingiari: Allan McLeod, Solomon: Tayla Selfe. ACT Bean: Tracey Page, Canberra: Catherine Smith, Fenner: Timothy Elton.
Craig Kelly announces Lower House candidates for Federal Election
Media release ENDS
Kelly confirms shadow finance team
CANBERRA: Federal Leader of the United Australia Party, Craig Kelly, announced today the party’s shadow finance team would deliver prosperity and a debt-free future for Australia.
Under a Kelly Government, leading Australian businessman and former Federal MP Clive Palmer will be appointed Treasurer while former Deloittes CEO and company advisor Domenic Martino will become Finance Minister.
“Clive Palmer, our national Senate Leader, and Domenic Martino who is the lead NSW Senate candidate for the United Australia Party, bring a wealth of real-world experience to deliver economic prosperity to Australia,” Mr Kelly said.
Mr Kelly said Clive Palmer was one of Australia’s wealthiest citizens with an outstanding business career.
“He has been responsible for the delivery of tens of billions of export dollars to the Commonwealth, created over 60,000 jobs and was named the Mining Entrepreneur of the Decade in 2012 by Government Australia Magazine.
“In 2012 Mr Palmer was elected by the popular vote of the Australian people as a National Living Treasure, awarded by the National Trust.
“He is an achiever and a doer, unlike the current treasurer Josh Frydenberg and the shadow treasurer Jim Chalmers who have no notable experience in the business and commercial world.
“The Liberal-Labor coalition has no idea about reducing debt and returning the country to prosperity. It’s time for a change,” Mr Kelly said.
Domenic Martino is a Fellow of the Institute of Chartered Accountants in Australia, the Australian Society of Certified Practising Accountants and the Australian Institute of Company Directors. He is an experienced director of ASX-listed companies and a respected company adviser.
“Under Mr Palmer and Mr Martino, the United Australia Party’s finance team will eliminate the $1 trillion debt that has been accumulated up by the Liberal-Labor coalition.
“Only the United Australia Party has the real-world experience, economic plans and policies to rid Australia of its debt burden and deliver business freedoms and prosperity for all,” Mr Kelly said.
“The facts are the Liberal and Labor parties are joined at the hip.
“It’s the Liberal and Labor Parties that have destroyed families, small businesses and jobs.
“They have lost support from Australians suffering from lockdowns, economic restrictions and closures.
“The Liberal-Labor Coalition have no real financial plan that allows Australia to be the lucky country. They have only held back our country back.
“The United Australian Party has real people with real experience to protect freedoms and make Australia great,” he said.
Mr Kelly said further shadow ministers would be announced in the coming weeks.
Media release ENDS
Palmer blasts ‘gestapo’ tactics of SA Police
Clive Palmer has blasted the ‘gestapo’ tactics of South Australian police who last night (Tuesday, February 1) disbanded a United Australia Party member’s meeting at the Port Lincoln Hotel.
Mr Palmer said the heavy-handed tactics of the SA Police was just another example of an overreaching government determined to strip the freedoms and liberties from every day Australians.
“The meeting was authorised and all appropriate protocols were followed,” Mr Palmer said.
“It is a very sad indictment on the SA Government to send in the police to stifle the democratic process.
“They are obviously threatened by the United Australia Party, now the largest political party in Australia with over 80,000 members, and our resolve to break the Liberal-Labor alliance and deliver freedom back to all Australians.”
The Port Lincoln meeting was for members to meet the United Australia Party’s candidate for the electorate of Grey, Suzanne Waters.
Suzanne is an ambulance worker who was stood down as a result of the vaccine mandates. She is a hard-working mother of eight children who joined the United Australia Party to fight for a better future for her family.
The United Australia Party’s lead Senate candidate for SA, Michael Arbon, said the incident highlighted the lengths the government would go to silence alternative points of view.
“Only the United Australia Party can restore Australia to the shining beacon of freedom that is should be,” he said.
Media release Clive Palmer said today Labor leader Anthony Albanese’s fast rail policy mirrored what the United Australia Party had announced in 2019. ENDS Media enquiries: Andrew Crook Mb 0419 788 431
Labor copies United Australia Party’s fast rail policy
“It is flattering that Anthony Albanese has copied our policy,” United Australia Party Chairman, Mr Palmer said.
“The United Australia Party advertised our fast rail policy heavily at the last election to increase efficiency, boost the economy and create jobs.
“Now the ALP is getting onboard and even using United Australia Party language such as ‘tyranny of distance’.
“We wish they had copied our policy earlier,” Mr Palmer said.
“All Australians should support the original fast rail policy and vote for the United Australia Party in the upcoming Federal Election,” Mr Palmer said.
