Address to Institute of Company DirectorsJuly 28, 2000
Doorstop Canberra: June quarter CPI, Labor’s GST roll-back, Liberal Party leadershipAugust 1, 2000
Crean’s Knowledge Gap
The Shadow Treasurer, Mr Simon Crean, today proved to his embarrassment that he does
not understand the new tax system and ‘rollback’ is a lame joke.
Mr Crean was asked a simple question about his ‘rollback’ of GST as it affects
charities and showed once again how fraudulent it is.
Mr Crean was asked by Glen Milne on Channel 7 “As part of rollback would you let
charities account on a cash basis if their turnover was greater than the general limit of
a million dollars?
Mr Crean said “That’s one of the options that we could consider in relation to
Again asked by Mr Milne, “So, you would look at that would you?” Mr Crean
replied ” It’s one of the considerations that we’re prepared to keep in mind.”
Mr Milne was right to point out that under the legislation (section 29-40 (2))
charities are already able to choose cash accounting no matter what their turnover is.
Mr Crean and his leader have been saying for months now that they want to ‘rollback’
the GST on charities. Yet their first nominated ‘rollback’ is a proposal already provided
by the existing legislation.
So intent has he been on running a totally negative and fraudulent campaign that Mr
Crean has not bothered to understand the legislation.
‘Rollback’ is a lazy device to cover a lazy Opposition which has no idea of tax policy.
30 July 2000