"If there is anti-competitive behaviour, and arguably there could be, why not use the existing competition legislation we've got to address it?" he said.
They've asked if the Government is going to intervene in the free market in this way, why stop at energy providers?— to suggest the big stick's reach should extend beyond the energy market.The bill was shelved during the last parliament due to a lack of support, but the Government is hoping to convince Labor to support the laws this time around.
A key concern of Labor was the fear state-owned power companies could be forced to divest assets, which the Opposition labelled"a back door to privatisation".
..., will it stop the state government of western australia ripping 500$m per year out of the western australian electric grid ?
Classic LNP policy. We'll fix this problem we've invented by doing something vague and ineffectual some time in the future. ThisIsWhatWeVotedFor
Nationalize energy production, that's how it ought to work. Also, withdraw from any treaties or agreements which prevent nationalization of foreign owned Aust assets.
BIG GOVERNMENT SOCIALIST INTERVENTION COMMUNISM RED TAPE GULAGS
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Barrier Reef facing endangered list if run-off laws don't pass, Environment Minister warnsThe Queensland Government is expected to pass a bill today to introduce new mandatory farm run-off regulations to protect the reef, despite opposition from agricultural groups. So about that Adani project... Meanwhile local councils all over Queensland use Roundup on road edges to control grass growing into storm water gutters? So guess where that residue washes into eventually? The sea. In fact at times the path to the sea is more direct than for the farm residue. Double standards! Endangered List facing irrelevance and obscurity if reef is listed.
Source: abcnews - 🏆 5. / 83 Read more »
Big stick bill would give treasurer ‘extraordinary power’ | Sky News AustraliaAustralian Energy Council CEO Sarah McNamara says the big stick energy bill would give the treasurer “extraordinary power” by granting the ability to set the terms and length of a contract for an energy company.\n\nThe government has positioned itself to bring forward its 'big stick' legislation after being encouraged by the strong response from laws forcing retailers to cut their standard offers and keep their prices low.\n\nMs McNamara said it requires the treasurer “to be in the shoes” of an energy trader in the markets and it’s “not a role that office should undertake”.\n\nShe said the AEC opposes the proposed legislation as it “won’t do anything” to bring down costs for consumers. \n\nImage: Getty And the RIGHT screamed SOCIALISM... Auspol Oh look, a Turnbull lamp. Remember how much public money was spent foisting those onto the population. Good one Malcolm, you were never one of the country's brighter bulbs.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Morrison government's big stick should be pointing at itselfAustralia is facing uncertain times with no energy policy or substantial plan for dealing with shocks like the attack on the Saudi refinery, writes Peter Hartcher It’ll all be ok in the end. All this happens as Asian oil demand goes up and oil production has peaked. Good luck, AngusTaylorMP . Already JohnHoward wrote in his June 2004 energy white paper, that there is no case for alternative fuels
Source: smh - 🏆 6. / 80 Read more »
Govt to move ahead with its 'big stick' legislation | Sky News AustraliaLabor has refused to say whether it will back the Coalition's contentious 'big stick' energy legislation, as parliament begins another sitting week in Canberra.\n\nImage: News Corp Good way for Albanese to lose the next election if Labor rejects the legislation What exactly is this 'Big Stick'? Any chance of some LNP Government information instead of lying about the Opposition? big stick is a lay term for price control. It never ends well. Let's see how long before retailers start hinting about staff layoffs...?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Big stick' energy laws return to parliamentThe government's revived proposal that threatens to break up power companies that are found to be raising prices unfairly has been introduced to parliament. LNP abandons fundamental tenet that market forces drive the optimal economy. ✅ 🇦🇺 Australian 🇦🇺 PM Scott John Morrison will be remembered as 'Slippery Slick, Super Stick Scott'! ✅ He's favourite sport should be Rounders (Baseball), not League, as his Govt are obsessed with swinging their political bats in every direction trying to look tough & caring! CA will support this if it's applied to all businesses. That means if passed those amendments could cause a breakup of News Corp...wouldn't that be amazing?
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Source: SkyNewsAust - 🏆 7. / 78 Read more »