Latest News
• Add My News • Search Old News
Labor delays SMSF tax policy after backlash, with The Nationals vowing to protect farmers' assets and futureFarmers with self-managed super funds (SMSFs) won a win as Labor delayed its SMSF tax policy until after the election, following The Nationals' strong opposition to the proposal. By news@gippsland - 26th November 2024 - Back to News Farmers who hold properties in self-managed super funds (SMSFs) have had a win, with Labor delaying its shocking SMSF tax policy until after the next election. Leader of The Nationals David Littleproud said Labor had planned to hurt the farming community by taxing any increases in the family farm's asset value, if it was held in a SMSF worth more than $3 million. 
Farmers with SMSFs won as Labor delayed its controversial tax policy, failing to clarify its impact on primary producers and small businesses Nationals defend farmersHowever, Labor's incompetent and ill thought-out policy was now unlikely to be dealt with in the final sitting week, after The Nationals campaigned against it. "A future Coalition Government will ensure this bad policy never sees the light of day. The Nationals will always stand up for our farmers and that includes their assets." "Just last week Labor refused to rule out forcing farmers to pay tax on the unrealised capital gains of a farm in a SMSF, even if farmers have a bad season with no income. Labor has shown callous disregard for our farmers and thought it would be okay to tax them for on-paper gains during a cost-of-living crisis. Throughout the process, Labor proved they have no understanding of the vagaries of farmers' cash loss that are impacted by not just weather but commodity prices," Mr Littleproud said. Mr Littleproud said many families had previously set up SMSFs as their future retirement and savings, unaware Labor could come for their assets. Labor was also unable to say how many primary producers, small and family business owners would be impacted. "Labor broke an election promise but is now backing down due to fierce backlash. The Nationals will continue to fight for our farmers and their future." Pictures from Food & Fibre Gippsland Facebook page.
Source: http://gippsland.com/ Published by: news@gippsland.com
Related Articles- Melina Bath urges Labor government to scrap emergency services tax as VFF survey shows farmers' frustration and concern
The Nationals' Melina Bath urged the Allan Labor government to scrap the emergency services tax, citing VFF survey findings showing widespread financial, mental, and regulatory pressures on Victorian farmers. - Danny O'Brien criticises Labor's fast-track renewable energy policy removing Gippslanders' right to appeal development decisions
Danny O'Brien criticises Labor's fast-track renewable energy policy after Gelliondale Wind Farm reapplies, warning it removes Gippslanders' appeal rights, undermines safeguards, and threatens proper siting of turbines near homes. - Labor government's VicGrid laws pass with crossbench backing amid Nationals' warning of property rights erosion
The Allan government's VicGrid laws passed with crossbench support, sparking Nationals' criticism over lost property rights, silenced regional voices, and overreach. The Nationals vow repeal in 2026 to restore landholder protections. - Labor under fire as Treasurer dodges questions on cuts to vital frontline emergency services jobs
Labor faces backlash over emergency services job cuts, with Treasurer Jaclyn Symes denying losses despite reports of hundreds axed. Nationals accuse Labor of financial mismanagement, risking regional safety and environmental protection. - Labor government delivers $2.73M Sale Hospital upgrade, modernising Community Services building for Gippsland healthcare staff
The Allan Labor government is delivering a $2.73 million upgrade to Sale Hospital's historic Community Services Building, modernising facilities for healthcare workers, patients, and students through the Regional Health Infrastructure Fund. - Labor provides rebates and programs to help regional households switch from costly gas to cheaper electric appliances
The Allan Labor government is supporting 1,183 regional households impacted by Solstice's gas network closure with rebates, discounts, and programs to help them transition to cheaper, energy-efficient electric appliances. - Labor government slammed as Gippsland crime soars, Danny O'Brien warns communities are failed by weak laws
Danny O'Brien says Gippsland crime is surging under Labor, with major increases across all councils. He warns weakened laws, police shortages, and neglect leave communities unsafe, demanding stronger action and real consequences. - Nationals pledge to restore Parentline funding, criticise Labor's decision to axe vital family counselling service for Gippslanders
The Nationals vow to reinstate Parentline funding if elected, condemning Labor's cut to the vital family counselling service that supports Victorian parents, particularly in regional communities facing limited access to services. - Allan Labor government backs regional footy and netball with $1.5M from 2025-26 Country Football and Netball Program
The Allan Labor government is investing $1.5 million in Morwell sports clubs through the Country Football and Netball Program, while opening new grants to upgrade regional facilities and boost community participation. - Allan Labor government backs First Nations athletes in Eastern Victoria with new sports grants
The Allan Labor government has announced over $67,000 in Aboriginal Sport Participation Grants, supporting First Nations athletes in Eastern Victoria with travel, uniforms, and equipment to compete locally and nationally. - Labor government backs Moe's Ted Summerton Reserve upgrades with major investment in cricket, football and community facilities
Works have begun on Moe's Ted Summerton Reserve, delivering oval upgrades, lighting, new changerooms, and improvements through the Regional Sports Infrastructure Program, boosting community sport, events, jobs, and local participation. - David Littleproud urges Labor to deliver interest-free loans as farmers voice urgent drought forum concerns
Nationals leader David Littleproud says the Drought Forum reinforced urgent calls for interest-free farm loans, urging Labor to act swiftly as farmers face worsening hardship, particularly in South Australia's dairy industry. - David Littleproud slams Labor's 2035 emissions reduction target as costly, and damaging to families, jobs, and communities
Nationals leader David Littleproud criticised Labor's 2035 emissions target as reckless and costly, warning it would raise taxes, increase energy bills, hurt regional communities, and threaten jobs, families, and industries. - Tim Bull slammed labor for $13M machete amnesty waste, penalising Gippslanders while failing to target urban crime effectively
Gippsland East MP Tim Bull criticized Labor's $13 million machete amnesty, calling it wasteful, ineffective, and unfairly punishing rural Victorians while targeting areas with no machete problem. - Danny O'Brien condemns Labor for empty social housing amid growing waitlists and rental shortages in Gippsland
Danny O'Brien has criticised Labor for leaving social housing vacant as waitlists grow, citing fewer homes, shrinking rental availability, rising costs, and failed policies driving investment away in Gippsland South. - Martin Cameron says Labor fails on crime, wasting millions on machete bins instead of protecting Gippsland
Crime in Latrobe has surged under Labor, with Moe incidents up 26% and retail theft 65%. Nationals' Martin Cameron says only their Safer Communities Plan will restore safety. - Danny O'Brien slams Labor's repeated 'Better Roads Blitz' claims as Gippsland roads continue crumbling
Nationals MP Danny O'Brien has slammed Labor's latest "Better Roads Blitz," saying Gippsland roads remain neglected, unsafe, and underfunded, with locals enduring potholes, hazards, and long-term speed reductions instead of real maintenance. - Martin Cameron slams Allan Labor government over year-long failure to clarify ownership of Traralgon vacant buildings
Nationals MP Martin Cameron criticised Labor's year-long failure to clarify ownership of Traralgon vacant buildings, after multiple ministerial referrals left residents concerned about neglect, squatters, and ongoing government inaction. - Danny O'Brien warns Labor is risking beachgoers safety by forcing councils, ratepayers to cover LSV funding shortfalls
Danny O'Brien warns the Allan Labor government is forcing Gippsland councils and ratepayers to cover Life Saving Victoria shortfalls, risking reduced lifeguard patrols despite billions in new emergency services taxes. - Melina Bath criticises Labor government shutting public beekeeping, threatening Victoria's food security and horticultural jobs
Melina Bath condemned the Allan Labor government's closure of public land beekeeping, warning it threatens food security, pollination, horticultural exports, and regional jobs, calling for policy reversal and support for apiarists. - Danny O'Brien urges Labor government to fund new Port Welshpool Coast Guard vessel for community safety
Danny O'Brien urges the Allan Labor government to urgently fund a new $2 million vessel for Port Welshpool Coastguard, ensuring volunteers can safely cover Corner Inlet, Wilsons Promontory, and protect locals. - Melina Bath criticised Labor's plan to create new national parks, locking out long-term bush users
Liberals and Nationals oppose Labor's plan to convert 65,000 hectares into national parks, citing unfair exclusion of bush users despite strong opposition and a 40,000-signature petition against the proposal. - Danny O'Brien criticises Labor for closing Sale and Bairnsdale courts on non-sitting days, inconveniencing locals
Danny O'Brien condemns the Labor government for closing Sale and Bairnsdale courts on non-sitting days, restricting public access and causing significant inconvenience for Gippsland communities who rely on local court assistance. - Danny O'Brien slams Labor for funding maintenance at Sale College instead of new campus
Danny O'Brien has criticised Labor for allocating $273,175 in maintenance to Sale College, arguing funds should instead deliver the long-promised new consolidated campus the community has campaigned for since 2017. - Melina Bath criticises Labor government, calling Myki's delayed tap-and-go rollout a "mythical unicorn," outdated and incompatible
Victoria's long-promised tap-and-go public transport system has been delayed until 2028, leaving commuters, especially in regional areas, still reliant on outdated Myki cards and paper tickets - Serious crime rises reflect community concerns, worsened by Labor's cuts, weakened bail, reduced youth programs, says Melina Bath
Crime in Eastern Victoria has reached a 20-year high, with Melina Bath condemning Labor's soft approach, police under-resourced, and The Nationals vowing stronger laws, prevention programs, and community safety reforms. - Martin Cameron says new emergency services tax replaces fire levy, adding enormous pressure to struggling small businesses
Latrobe Valley small businesses face soaring costs as Labor's new Emergency Services Tax replaces the Fire Services Levy, with Nationals warning it punishes regional communities and fuels insolvencies amid financial mismanagement. - Have your say on the draft Roadside and Footpath Trading Policy balance road access, submit by 28 September 2025
Baw Baw Shire Council invites feedback on its Draft Roadside and Footpath Trading Policy, aiming to balance vibrant business activity with safe pedestrian access. Consultation runs 29 August - 28 September on Baw Baw Connect. - Community feedback wanted on East Gippsland Draft Engagement Policy to strengthen participation in local decision-making
East Gippsland Shire Council is seeking community feedback on its draft Community Engagement Policy, inviting input through surveys, drop-in sessions, and stakeholder consultation to strengthen participation in decision-making processes. - Melina Bath slams Agriculture Minister Ros Spence for ignoring Gippsland farmers' struggles under Labor's tax regime
Melina Bath criticised Agriculture Minister Ros Spence for refusing to advocate for Gippsland farmers, citing VFF survey results showing overwhelming concern over new taxes and Labor's disregard for regional agriculture. - Danny O'Brien praises Gippsland community's generosity supporting Foster Kids after ram raid destroyed Christmas gifts
Danny O'Brien praised Gippsland's generosity after a ram raid devastated A Better Life For Foster Kids, urging continued support through toy donations, PJ Day participation, and community involvement to brighten children's lives. - Lightfoot Wines combines tradition, creativity, and Gippsland flavours with award-winning wines, regional platters, and scenic views
Perched on a limestone bluff above the Mitchell River, Lightfoot Wines blends tradition and innovation, offering tastings, regional platters, and acclaimed wines, cementing its role in Gippsland's food and drink scene. - Bass Coast wins National AustStab Award for sustainable road recycling and innovative rehabilitation
Bass Coast Shire Council won the 2025 AustStab Award for Excellence for pioneering road recycling methods, cutting emissions by 85%, truck movements by 80%, and delivering faster, more sustainable, durable roads with less disruption. - Baw Baw Shire to host community barbecues supporting farmers through 'Look Over the Farm Gate' grants
Baw Baw Shire Council will host five community barbecues supporting farmers' wellbeing through Look Over the Farm Gate grants, offering connection, resources, and mental health support amid ongoing dry conditions. - Traralgon Greyhound Racing Club track redevelopment a "big win for people power," says Martin Cameron
Racing will resume at Traralgon Greyhound Racing Club after Glenview Park track redevelopment, hailed by Martin Cameron as a "big win for people power" following community and trainer advocacy. - Southern Rural Water declares spill entitlement in MID, boosting farmers' allocations as Lake Glenmaggie nears capacity
Southern Rural Water has declared a spill for Macalister Irrigation District customers until 16 September, providing water above 100% allocation as Lake Glenmaggie nears capacity at 98% following strong winter inflows. - AFL investigating alleged racism at Omeo District grand final following online video reports
AFL is investigating alleged racism at the Omeo District grand final after online videos surfaced. MP Tim Bull condemned the behaviour, stressing racism is unacceptable and must never be tolerated in community sport. - Latrobe City Council seeks community feedback on the future of Moe Gardens Caravan Park as lease nears end
Latrobe City Council is inviting community feedback on the future of Moe Gardens Caravan Park, with the current operator's lease expiring in May 2026 under Crown Land Leasing Policy requirements for open and impartial processes. - David Littleproud warns vegetable growers of crisis as compliance costs soar, confidence collapses and exits loom
Nationals leader David Littleproud warns Australia's food security is at risk, with two in five growers considering leaving amid rising compliance costs, financial strain, and Labor policies undermining farming viability. - Tim Bull slams government over firewood shortages, fuel loads and lack of practical solutions
Gippsland East MP Tim Bull has slammed government policy for firewood shortages, warning rising bush fuel loads pose serious risks, calling for extended collection areas, longer seasons and practical fire management.
|
|
