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Hypation
Jul 11, 2013

The White Witch never knew what hit her.

Tokamak posted:

How do you cope with working in a field where you're surrounded by people who love to spout bullshit in public, and undermine the work of honest academics? Scientists have creationists and cranks to make fun of, and the odd bit of peer review fuckery. In Education its a bit worse, but people will get mad when the penny drops and realise their kids are getting hosed (in a socialist nation such as Australia).

In Economics and Finance you have people constantly loving with regulations. There's a shitload of bad actors who subvert mechanisms, systems and theories designed to provide a level playing field and shelter people from the less rational behaviours/aspects of economic systems.

Because we are all surrounded by people who want more for them and less for others. Also I work at an independent advisory firm so I get use all the bad poo poo as good marketing. The idea is hire an un-conflicted advisor (they do exist) to protect yourself against the ways in which you can otherwise be manipulated.

Seen banking bad? http://www.abc.net.au/4corners/stories/2014/05/05/3995954.htm
The CBA were the ones who just got caught.

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BrosephofArimathea
Jan 31, 2005

I've finally come to grips with the fact that the sky fucking fell.

Gough Suppressant posted:

...which earns them interest :confused:

Which is very different from the common conspiracy theory that banks steal your cheques money to lend at spot. I probably phrased it badly, I meant 'hold deposits' as in 'give people transaction/savings accounts', rather than sneakily not clearing funds when cheques were drawn.

-----------------
Professional clownshoe Andrew Robb has come out and said that it's all a beatup and they aren't planning to crash the train into the mountain. Yet. And managed to somehow work a reference to it all being Labor's fault.

https://au.news.yahoo.com/a/24278972/secret-trade-deal-story-a-beat-up-robb/

BrosephofArimathea fucked around with this message at 02:58 on Jun 20, 2014

You Am I
May 20, 2001

Me @ your poasting


Every article about Carmody on The Guardian website seems to have the theme of "what a massive tool Carmody is"

Hypation
Jul 11, 2013

The White Witch never knew what hit her.

BrosephofArimathea posted:

Which is very different from the common conspiracy theory that banks steal your cheques money to lend at spot. I probably phrased it badly, I meant 'hold deposits' as in 'give people transaction/savings accounts', rather than sneakily not clearing funds when cheques were drawn.

If you look at the total pool of cheques as a static object with flows in and out, the 3 day hold is essentially 3 days of free working capital. That's 3/365 or c82bps worth of additional funding lines. That might not seem a lot but it is essentially 82bps on 8% Tier 1 capital which is equivalent to an additional 10% return on equity for the size of that cheque pool.

Those On My Left
Jun 25, 2010

You Am I posted:

Every article about Carmody on The Guardian website seems to have the theme of "what a massive tool Carmody is"

I cannot imagine what it's going to be like to work at the Supreme Court if he actually takes the appointment. Aside from the fact that everyone apparently hates him (for good reason), the Chief Justice is the one responsible for administration of the Court. He's probably going to try to make a whole number of administrative decisions that everyone's going to hate - maybe like assigning himself to hear particular cases. We might actually see judicial resignations over this.

Lid
Feb 18, 2005

And the mercy seat is awaiting,
And I think my head is burning,
And in a way I'm yearning,
To be done with all this measuring of proof.
An eye for an eye
And a tooth for a tooth,
And anyway I told the truth,
And I'm not afraid to die.

quote:

Global fundraising company keeps 96% of $12.2m raised for Special Olympics

Appco Group being investigated by NSW Office of Liquor, Gaming and Racing over gift voucher program



Saimi Jeong and Michael Safi
theguardian.com, Thursday 19 June 2014 18.11 AEST
Jump to comments (130)



A global company that raises funds on behalf of some of Australia’s largest charities is being investigated after it emerged that 96% of the $12.2m it raised for Special Olympics Australia was not retained by the charity.

Since 2011, the Sydney-based Appco Group has implemented a gift voucher program on behalf of Special Olympics Australia, a charity that runs sports for people with intellectual disabilities.


A Guardian Australia investigation into Appco's conduct of the program, and its fundraising work for other charities, has found:

• Special Olympics Australia retained just 4% of the money raised from the gift vouchers

• Promotional leaflets and sales pitch templates given to street fundraisers failed to mention Appco, or its cut of the program's revenue

• Under another program it runs for the World Wildlife Fund (WWF), Appco collects 85% of donations made in the first year

• Professional fundraisers now generate about 90% of regular donations to Australian charities

• The industry's code of ethics does not address commercial agreements between charities and fundraisers

Last year the Special Olympics Australia gift voucher program raised $12.2m. The charity’s financial statements show that $11.7m was later paid in expenses.

Special Olympics Australia’s new chief executive, Nicola Stokes, said that about $7m of the program’s expenses was paid as fees to Appco. She said the organisation was reviewing all its fundraising procedures, with a decision due at the end of June.

In response to inquiries by Guardian Australia, the New South Wales Office of Liquor, Gaming and Racing (OLGR) said it was launching an investigation into Appco’s conduct of the voucher program.

According to NSW regulations, street fundraisers should give potential donors basic information about “the intended distribution of funds raised in the appeal”, or of any payments made to a third party.

But a promotional leaflet used by Appco workers, obtained by Guardian Australia, fails to mention the company or the percentage of proceeds from the program that is kept by Special Olympics.

Similarly, a sales pitch template given to street fundraisers includes no information about Appco or the percentage the company is paid in fees.

The company’s website says Appco face-to-face fundraisers generate $40m in donations every month around the world. Appco Group Sports, which raises money specifically for sporting organisations, claims to have 700 offices worldwide.

The company raises money for some of Australia’s largest not-for-profits, including the WWF, the Surf Life Saving Foundation and CanTeen.

Appco’s commercial clients include private banks such as HSBC, Barclays and Citibank, as well as insurance companies, pay TV operators and energy companies.

An Appco contractor, Legacy Marketing, closed in February 2012 after a News Corp investigation revealed how staff on the street were trained to “profile” potential donors, screening out “POYSN”: the poor, old, young, stupid and non-English speakers.

Legacy Marketing's manager, David Macdonald, was transferred to another company under Appco's Australian umbrella.

WWF started working with Appco in 2002. Appco’s face-to-face fundraisers sign people up to WWF’s regular giving program, whereby ongoing monthly donations are made through direct debit from the donor’s bank account.

Fine print at the bottom of the WWF pledge form shows 85% of donations made in the first year are paid to Appco. Print at the top of the form states in capitals, “100% OF THE AMOUNT YOU GIVE WILL GO DIRECTLY INTO THE CHARITY’S BANK ACCOUNT”.

Monthly donations solicited by Appco are sent directly to WWF’s account, before a fee is paid to the company.

In a statement made to Guardian Australia, the chief executive of WWF Australia, Dermot O’Gorman, said: “Donors that come to us from face-to-face fundraising on average stay with us for approximately three years. Almost three-quarters of funds donated via this method goes directly to WWF, with the rest invested in sourcing new supporters.

“As a conservation organisation we don’t have the necessary skills in-house to undertake this kind of work. The most cost-effective way to fundraise for our projects is to employ the assistance of external fundraising experts.”

WWF said Appco was only one of the face-to-face fundraising companies the charity employed.

Another Appco client, the cancer charity CanTeen, would not confirm what percentage of donations to its Regular Giving program went to Appco, saying only that the program delivered a threefold return on the fee, but only after three years.

A spokeswoman for CanTeen said face-to-face fundraising was “the most cost-effective way to recruit regular donors”, and that fundraisers played an important role in “driving awareness about CanTeen’s important work”.

“Any conversation they have with members of the public could lead a young person in need of support to contact CanTeen, which could have a massive impact on their ability to cope with their cancer experience,” she said.

Appco is a member of the peak body for professional fundraisers, the Fundraising Institute of Australia (FIA), which has developed a code of ethics for the industry.

But FIA’s chief executive, Robert Edwards, said the code covered only the interaction between street fundraisers and the public, not the agreements between fundraising companies and charities.

“At the end of the day, [that’s] a commercial arrangement between the charity and their supplier,” he said.

“Clearly charities use external providers because it's a skill-set they don't have themselves, and it allows charities to spend the money they do have on the causes they represent.”

Edwards said professional fundraisers were responsible for 90% of regular donors to charities in Australia. “That's what charities want ... [Street fundraising] does work. And yes, there are some issues about it, but it's a necessary evil.”

Charitable fundraising is regulated at state level. Last year a Treasury discussion paper recommended that fundraising regulations be standardised nationally and overseen by the newly created federal body, the Australian Charities and Not-for-profits Commission.

However, the Abbott government has moved to abolish the ACNC, saying it creates unnecessary red tape, and that “the people serving our community don’t deserve a new level of scrutiny”.

In March, 54 major charities, including Save the Children, Lifeline and the RSPCA, wrote an open letter appealing to the government to spare the regulator, saying it had done “impressive work” towards efficiency and transparency in the industry.

Comment was sought from Appco but no response was received at the time of publishing.

Something something the doctrine of charity.

tithin
Nov 14, 2003


[Grandmaster Tactician]



I have no idea how the deregulation of banking will affect my job, but in suddenly feeling quite worried

Mr Chips
Jun 27, 2007
Whose arse do I have to blow smoke up to get rid of this baby?

SBJ posted:

Who the gently caress still even uses Australia Post? Most companies use private couriers now.

I can't remember the last time I got a letter in the mail that wasn't junk.

I've found Austpost better for delivering parcels to very remote areas of WA (ie faster and less unreliable) than couriers costing 2-3 times as much.
OTOH, they're a joke for delivering a normal letter in the Perth metro area.

hooman
Oct 11, 2007

This guy seems legit.
Fun Shoe
I am really really enjoying Sarah Ferguson on 7.30. She is amazing. That Brandis interview was brutal.

"Our contradictory statements were entirely consistent with each other." George Brandis, Known Idiot.

hooman fucked around with this message at 03:28 on Jun 20, 2014

ewe2
Jul 1, 2009

hooman posted:

I am really really enjoying Sarah Ferguson on 7.30. She is amazing. That Brandis interview was brutal.

"Our contradictory statements were entirely consistent with each other." George Brandis, Known Idiot.

It's hard to believe she's married to Tony Jones. He earns the big bucks, she does the journalism.

Hypation
Jul 11, 2013

The White Witch never knew what hit her.

hooman posted:

I am really really enjoying Sarah Ferguson on 7.30. She is amazing. That Brandis interview was brutal.

"Our contradictory statements were entirely consistent with each other." George Brandis, Known Idiot.

What we really meant to say is: You outnumbered the Jews like 1000:1 or whatever and they won - twice. So they don't occupy or Occupy any of Jerusalem or the West or East bank, they own it outright. Now gently caress you and get off my lawn. Besides, you hate us anyway so why should we do anything for you?

Simple, effective, clear and concise with the benefit of being what they actually think.

open24hours
Jan 7, 2001

You can't say that, who will buy our sheep and sell us our oil?

Cartoon
Jun 20, 2008

poop
Well you can see who's doing all the heavy lifting here. Those student protesters are the real job creators.

-=-=-=-=-=-=-=-//-=-=-=-=-=-=-=-

The QLD judicial appointment debarkle is a stunning testament to just how badly wrong Queensland has gone. At the end of the day this fundamentally undermines the authority of the courts. Which is great if you aspire to have a court system like say Egypt. http://en.wikipedia.org/wiki/Egyptian_Judges%27_Club

Tokamak
Dec 22, 2004

Hypation posted:

Because we are all surrounded by people who want more for them and less for others. Also I work at an independent advisory firm so I get use all the bad poo poo as good marketing. The idea is hire an un-conflicted advisor (they do exist) to protect yourself against the ways in which you can otherwise be manipulated.

Seen banking bad? http://www.abc.net.au/4corners/stories/2014/05/05/3995954.htm
The CBA were the ones who just got caught.

Sounds disheartening, but I guess its not surprising when people stake money on the advice and analysis of others. I suppose the more something is up to interpretation, the more difficult it is to provide objective advice. I'll give that segment a watch.

BlitzkriegOfColour
Aug 22, 2010

Hypation posted:

What we really meant to say is: You outnumbered the Jews like 1000:1 or whatever and they won - twice. So they don't occupy or Occupy any of Jerusalem or the West or East bank, they own it outright. Now gently caress you and get off my lawn. Besides, you hate us anyway so why should we do anything for you?

Simple, effective, clear and concise with the benefit of being what they actually think.

Not particularly impressed by your knowledge of history OR your understanding of economics now.


1948 - 120k Israelis vs 62.5k Arabs


1967(Six Days War) - 264k Israelis vs 290k Arabs
- kicked off with surprise attack from Israel, crippling Egypt's air projection capability


1973 (Yom Kippur) 415k Israelis vs ~1 million Arabs
- would have been won by Egypt/Syria except that the Israelis held the world hostage and told America that if they didn't get free tanks and planes from them they were going to drop nukes on Cairo.

In each of these instances, the Arab forces were comprised of multiple countries defence forces, so you might have say, 150k from Egypt but 100k from Syria, 50k from Iraq, 5k from Jordan etc. Coordinating an effective defence or assault between so many different nations armed forces is no mean feat in and of itself, plus it lends itself to compromised intelligence.

And if you think Arabs hate us but Israelis don't, then why do we always catch Mossad creating fake passports and spying on us, showing us a huge amount of disrespect, when we never see the intelligence services of Arab countries doing so?

If anything, the animosity is the other way around. Most Arabs don't know where Australia is or think about it at all, yet the Australian public seems to have a raging hate-boner for Arabs, big time. Have you ever been called a name while walking down a road in South-West Asia? I've been called "dune-coon", "sand-friend of the family", "Haji", "towelhead", "mudslime", "muzz-rat", "Osama bin Laden" and just plain old "friend of the family" while walking down the street. Here. In New South Wales (and Queensland, too). Been beaten up for being Arab, too. Never heard of that happening the other way around over there, though.

Nibbles!
Jun 26, 2008

TRUMP TRUMP TRUMP

make australia great again as well please

SadisTech posted:

So, just out of curiosity, if they do sign up to a Free Trade Agreement, what happens if we pull out in a few years? What are the consequences?

Part of it was allowing companies to sue for regulation that restricted their money making so you'd have a pile of US companies, probably in a US court, asking for money with the US government right behind them.

xutech
Mar 4, 2011

EIIST

Does anyone have advice or experience of working remotely (from Australia, via the internets) for a European company?

How should / did you setup your tax - should you be an employee or a contractor etc? What did you do and how did it go?.

Any advice much appreciated.

drunkill
Sep 25, 2007

me @ ur posting
Fallen Rib

quote:

This has to be a parody of the Liberals, right? From a Hobart letterbox drop.


From reddit. (yes it is fake, but still being handed out it seems)

drunkill fucked around with this message at 05:09 on Jun 20, 2014

open24hours
Jan 7, 2001

It's a copy of the Swiss poster.

Fuckface the Hedgehog
Jun 12, 2007

drunkill posted:



From imgur.

:negative:

xutech
Mar 4, 2011

EIIST

I honestly can't tell if that poster is real or not, even if it is plagiarised.

Aaronicon
Oct 2, 2010

A BLOO BLOO ANYONE I DISAGREE WITH IS A "BAD PERSON" WHO DESERVES TO DIE PLEEEASE DONT FALL ALL OVER YOURSELF WHITEWASHING THEM A BLOO BLOO
Hey Greensgoons, I want to join the party but no-one (neither the direct contact from Greens NSW HQ or the contact point for my local group) is getting back to me - I need some clarification about what membership fees I should pay. They have separate tiers for Concession, Low-Income, and Salaried. I'm a full-time low-income worker but I also do University part-time via distance (but I only have one class and 6 months of it to go, but don't formally graduate until middle of next year should I pass this last class). Should I pay the Concession or the Low-Income membership tier? Any insights?

e:

drunkill posted:



From reddit. (yes it is fake, but still being handed out it seems)

Too good to be true.

Seagull
Oct 9, 2012

give me a chip

Aaronicon posted:

Hey Greensgoons, I want to join the party but no-one (neither the direct contact from Greens NSW HQ or the contact point for my local group) is getting back to me - I need some clarification about what membership fees I should pay. They have separate tiers for Concession, Low-Income, and Salaried. I'm a full-time low-income worker but I also do University part-time via distance (but I only have one class and 6 months of it to go, but don't formally graduate until middle of next year should I pass this last class). Should I pay the Concession or the Low-Income membership tier? Any insights?

You're not under twenty five are you? Pretty sure that's a separate tier as well.

If not: do you actually get student concessions? If you do I'd assume that.

Otherwise low income.

Gough Suppressant
Nov 14, 2008
Pay what you feel comfortable with. They aren't going to check up on you and the tiers are there because they recognise that people have different circumstances and are better able to judge their own ability to contribute than the party.

Aaronicon
Oct 2, 2010

A BLOO BLOO ANYONE I DISAGREE WITH IS A "BAD PERSON" WHO DESERVES TO DIE PLEEEASE DONT FALL ALL OVER YOURSELF WHITEWASHING THEM A BLOO BLOO
No, not under-25. I don't get the travel concessions if that's what you mean, because I'm not full-time / on-campus. So low-income (urgh) it is instead I guess!

e: yeah I don't really feel comfortable joining with as low as the 'student' tier anyway, especially considering that I'd technically be a non-student for half of the year. There's just no clarification anywhere so I thought I'd double-check regardless.

e2:



oh god what have i done

Aaronicon fucked around with this message at 05:37 on Jun 20, 2014

Ian Winthorpe III
Dec 5, 2013

gays, fatties and women are the main funny things in life. Fuck those lefty tumblrfuck fags, I'll laugh at poofs and abbos if I want to
http://www.washingtonpost.com/world....html?tid=sm_fb

quote:

Credit Suisse estimates that 18 percent of all new houses and apartments in Sydney are bought by Chinese citizens. In Melbourne, the figure is 14 percent.

These figures are likely to rise. To stimulate the economy, the Australian government recently expanded a program to grant permanent residency to foreigners prepared to invest at least 5 million Australian dollars (about $4.6 million) in Australian businesses. Ninety percent of the applicants so far are Chinese.

When are we going to do something about this? I knew it was high but I had no idea it was 18%! In what way is this in the national interest.

Drugs
Jul 16, 2010

I don't like people who take drugs. Customs agents, for example - Albert Einstein
It's not

thatbastardken
Apr 23, 2010

A contract signed by a minor is not binding!

Oh my god

quote:

An article in The Australian on 12 June referred to an episode in which the Chief Magistrate, when a Family Court Judge, had cut and pasted into reasons for judgment slabs from an earlier judgment of his. Unfortunately, but inevitably, the earlier judgment dealt with quite different facts. The fatally flawed judgment was set aside.

You would get failed out of a bachelors degree for that kind of poo poo.

SadisTech
Jun 26, 2013

Clem.
The dogfucker saga has taken another downturn for the ABC (non paywalled Crikey):

http://www.crikey.com.au/2014/06/20/regulator-hands-official-reprimand-to-abc-over-that-chris-kenny-skit/

No skin so thin as an outraged conservative's. The whole thing is a farce and yet our institutions seem to universally be taking it all too seriously.

CATTASTIC
Mar 31, 2010

¯\_(ツ)_/¯
Has he actually denied that he fucks dogs?
Like on the record.

NPR Journalizard
Feb 14, 2008

SadisTech posted:

The dogfucker saga has taken another downturn for the ABC (non paywalled Crikey):

http://www.crikey.com.au/2014/06/20/regulator-hands-official-reprimand-to-abc-over-that-chris-kenny-skit/

No skin so thin as an outraged conservative's. The whole thing is a farce and yet our institutions seem to universally be taking it all too seriously.

Huh, well there you go. Learn something new every day. Today's nugget is that apparently AMCA decisions carry a lot of clout, and apparently it isn't the paper tiger I thought it was.

Apparently.

NPR Journalizard
Feb 14, 2008

SadisTech posted:

The dogfucker saga has taken another downturn for the ABC (non paywalled Crikey):

http://www.crikey.com.au/2014/06/20/regulator-hands-official-reprimand-to-abc-over-that-chris-kenny-skit/

No skin so thin as an outraged conservative's. The whole thing is a farce and yet our institutions seem to universally be taking it all too seriously.

Huh, well there you go. Learn something new every day. Today's nugget is that apparently AMCA decisions carry a lot of clout, and apparently it isn't the paper tiger I thought it was.

Apparently.

CATTASTIC
Mar 31, 2010

¯\_(ツ)_/¯
Apparently

Drugs
Jul 16, 2010

I don't like people who take drugs. Customs agents, for example - Albert Einstein
It carries clout if you are a respectable news organisation like the ABC, it is a paper tiger if you are not a respectable news organisation, like Newscorp

Hypation
Jul 11, 2013

The White Witch never knew what hit her.

BlitzkriegOfColour posted:

Not particularly impressed by your knowledge of history OR your understanding of economics now.


I was referring to the difference in the populations of Israel vs Arab League counties... also when saying 1000:1 I was kinda being ironic.

Re Israel's wars. Of Israel's 7 wars - the two where it really kicked the axxes of the Arabs were the War of Independence where it got 50% of the Arab State's allocation under the Partition plan and the 6 Day war where it got the Gaza Strip, Golan Heights and West Bank - essentially the price you pay for trying to gently caress with Israel.


BlitzkriegOfColour posted:

And if you think Arabs hate us but Israelis don't, then why do we always catch Mossad creating fake passports and spying on us, showing us a huge amount of disrespect, when we never see the intelligence services of Arab countries doing so?


They used US, Irish, British, Canadian, New Zealand and Australian and other Passports because they were useful because they allow for Electronic Travel Permits and short stay visas to be granted by a large number of countries. The disrespect is in getting caught and making it public - otherwise its just all part of 'normal' intelligence gathering and operations. The reason for them to spy is because they owe a large amount of their existence to continued Western Support so they have a continued need to know a lot more than any Arab country. Then there is the fact that Mossad and the KGB as it was then were the best two intelligence agencies in the world giving Mossad a much larger ability to spy than Arabian countries. Besides, we also don't always catch them.



BlitzkriegOfColour posted:

If anything, the animosity is the other way around. Most Arabs don't know where Australia is or think about it at all, yet the Australian public seems to have a raging hate-boner for Arabs, big time. Have you ever been called a name while walking down a road in South-West Asia? I've been called "dune-coon", "sand-friend of the family", "Haji", "towelhead", "mudslime", "muzz-rat", "Osama bin Laden" and just plain old "friend of the family" while walking down the street. Here. In New South Wales (and Queensland, too). Been beaten up for being Arab, too. Never heard of that happening the other way around over there, though.

I'm not talking about the misguided few. I am talking about systemic state sponsored bigotry and bastardry. I am saying that in general Arabs hate substantial amounts of Western rights and freedoms to such an extent that they have made it a capital offense to adopt some of our values, a corporal offence for adopting others and provide with extensive prison sentences for adopting even more.

Hypation fucked around with this message at 06:58 on Jun 20, 2014

Hypation
Jul 11, 2013

The White Witch never knew what hit her.

Ian Winthorpe III posted:

http://www.washingtonpost.com/world....html?tid=sm_fb


When are we going to do something about this? I knew it was high but I had no idea it was 18%! In what way is this in the national interest.

NSW finally banned first home owners' grants for foreign buyers.

Also the issue is if foreigners don't invest then who pays for the construction?

Tokamak
Dec 22, 2004

^^^
They shouldn't build homes if they don't have a market to sell them to?!?

SadisTech posted:

The dogfucker saga has taken another downturn for the ABC (non paywalled Crikey):

http://www.crikey.com.au/2014/06/20/regulator-hands-official-reprimand-to-abc-over-that-chris-kenny-skit/

No skin so thin as an outraged conservative's. The whole thing is a farce and yet our institutions seem to universally be taking it all too seriously.

Weren't the press all for freedom of speech? I guess its fine if you are questioning the motives and opportunism of 'light-skinned aborigines'; Your only 'asking questions'. Talking about financial opportunities given to specific, Aboriginal people, and in the next paragraph insinuate its not right.

But satirising a person's opinion of a TV network's political bias by making an absurd argument that he fucks dogs... Well that's just too far. I mean we all know when a comedy program asserts that a person fucks dogs, it must be true. I suppose if he they only wondered if he fucks dogs, it would just be a Bolt opinion column.

Chris Kenny: ‘I’ll be remembered as the journalist called a dog f**ker who stood up for his rights’

No. people will just remember him as a dog fucker, because that stays in peoples memory far more then the second half of that sentence. I don't even know who the gently caress this guy is, but all I hear is about him being a dog fucker because they keep talking about it. The lifetime of an edgy piece of political satire about a current event is measured in days/weeks. Now I get to hear about his dog fucker antics every couple of months.

Ragingsheep
Nov 7, 2009

Ian Winthorpe III posted:

http://www.washingtonpost.com/world....html?tid=sm_fb


When are we going to do something about this? I knew it was high but I had no idea it was 18%! In what way is this in the national interest.

Not sure how accurate that figure necessarily is. There are plenty of Chinese citizens in Australia who have "legitimate" PR visas buying property.

V for Vegas
Sep 1, 2004

THUNDERDOME LOSER

Ragingsheep posted:

Not sure how accurate that figure necessarily is. There are plenty of Chinese citizens in Australia who have "legitimate" PR visas buying property.

This is such a load of poo poo and I suspect IWC is well aware of that.

http://www.abc.net.au/news/2014-03-05/chinese-buyers-to-invest-44-billion-dollars-in-australian-real-/5300494

quote:

The Credit Suisse report estimates that Chinese investors and newly arrived immigrants have spent about $24 billion on Australian property over the past seven years.

Given the total value of the Australian housing market is approaching 5 trillion dollars, 3 billion dollars a year invested by the Chinese (and other newly arrived immigrants) in the market is negligible.

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Quantum Mechanic
Apr 25, 2010

Just another fuckwit who thrives on fake moral outrage.
:derp:Waaaah the Christians are out to get me:derp:

lol abbottsgonnawin

Gough Suppressant posted:

Pay what you feel comfortable with. They aren't going to check up on you and the tiers are there because they recognise that people have different circumstances and are better able to judge their own ability to contribute than the party.

This. They really aren't strict about checking, it's generally up to the local group to police it.

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