ronburgundy

They just wanted a revenue number to be able to announce that the Budget would be going back into surplus. Remember - this year's budget was actually a $54bn deficit. Funnily enough we've all overlooked this, so perhaps the RSPT was just a ruse to divert the attention

I'd neglected that part of the explanation until now but yes coulnd't agree more. Uncle Kev is screwing his favourite buzzword of all, "working families" I would imagine a lot of blue collar types would typically be Labour voters too...

Isn't that what the government has decided the mining companies are doing though - ripping us off by not paying what the government deems to be a 'fair clip' for the exploitation of our natural resources?

How about the banks - they're not exactly printing money are they? There's a finite supply of money too. And the $70bn profit figure has absolutely nothing to do with taxable income, it is an accounting concept that bears no resemblance to reality. In fact even I don't truly understand exactly how that number is derived, and I can at least lay claim to having a post-graduate qualification in the area.

I'm over simplifying, but the part of the document that defines a 'super' profit as anything over the long-term bond rate is accurate. The long-term bond rate is an agreed approximation of a RISK-FREE rate of return, as it is Government backed (notwithstanding what is happening in Greece and Spain atm!). Can you honestly say that anything more than RISK-FREE is a SUPER PROFIT? I'm not sure I can.

There is so much more to it than that, for example as am individual you only pay tax at half the rate on capital gains. But that's a whole different discussion. My point simply based on fact, not fairness. Sure they're not closing them down as that would cost more than the new tax in both hard costs and profits foregone, but they're seriously considering whether to proceed with new projects

The biggest problem: The super profits tax is all about making sure Australia gets to keep some benefit from the so-called rape and pillaging of its natural resources. Fine in theory. PROBLEM IS: If all these companies suddeenly start yanking their projects from Australia because they are going to lose more than half of their profits... well... 40% of ZERO is a big fat effing zero! Whether you agree with the rhetoric or not, the above is fact. Maybe they will start coming back to Australia eventually but surely they disappear for decades before that happens. These sorts of projects aren't exactly fly-by-night.

Believe me, a lot of our clients have an SMSF and they've got BHP and Rio as well...

+1 for the Goodyears, not cheap though

Correction: The EMPLOYEE pays for that; can you actually see any employer willingly adding 3% to their payroll??!! It will come out of an employee's total 'package' - total package will increase when there are pay rises, but less of that amount will be going to the employee and more to the super fund. Which is kind of funny when you think about who owns most of the mining companies... (Hint: It starts with 'M' and ends with '...ost Australians' superannuation funds)

I would have thought they typically would?

Good to see I wasn't the only one noticing the centre stack was on the wrong side of the wheel! EDIT: It talks about this being from an 'export' model in the article. My Expensive Daewoo knowledge ain't what it used to be but I thought they only exported the Statesman/Caprice these days? I'm probably wrong of course

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I got not much change from 2k importing Goodyear Asymmetric from Tirerack.com in 245 for a 19

Touareg is actually a Q7/Cayenne, not Q5. Q5 is same $$$ as TTG but smaller class of car.

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CX9 seems to be right up there as a family hauler. Won't go as hard as the turbo but most reviews I've seen have it as the class leader

My advice (as an accountant with a little bit of legal knowledge, and that deals with quite a few lawyers): Find a lawyer who IS experienced in that area of law! The point of using a lawyer is to eliminate risk; you want to make sure all the bases are covered. No point in doing it half-arsed. 95% of the time there is no problem but in those few cases when it hits the fan, do you really want to be worried about whether your contract actually does what it aims to do? Don't need to spend mega bucks but a least find someone who knows more about the area you're dealing in.

Official claim and/or Wheels magazine tested is 5.1 from factory I believe. Of course given everyone here thinks Wheels has red lion, rather than blue oval, running through its veins, maybe that 5.1 is on the high side

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Umm I think you're a bit late pal