Carlton Supporters Club

Derksen kicked 5.2 on the weekend whilst Kemp eked out 0.1.

Most people are completely missing the point here, winning games now is totally irrelevant, we are not going to make finals anyway.

However, what can be salvaged from this trainwreck is a clearer picture of what we have on our playing list.

There are 19-20 players out of contract this year (thanks Nick Austin) meaning that there should be some heavy axings, but who ??

It is imperative that we give some senior games to other players on the list to ascertain who genuinely has a future and who hasn’t.

Besides, we are going nowhere with Saad, Williams & Haynes and they are three of the out of contract guys.

Lets use the remainder of the season as a part building block for the future instead of doing the same crap we have done thus far this season with the same non-performing players.

Thry - so what are investors having a whinge about if it is that easy to get around the changes?  May have property as security, but still need cashflow if it is in a loss making position...

Yeah, daft about the tunnel boring machine at $7,500, but not as daft as hiring consultancy firms to create and implement policy instead of a permanent workforce that will also create internal IP.

If rego was 500 in 2006 - CPI would have it at $915.  I paid $935 this year - not sure what that issue is?

My biggest concern about 'cost of living relief' measures is that they aren't structural savings - people get used to them and then whinge when they are taken away because they can't be afforded anymore.

So currently, the only solution to reduce house prices is a recession?

My understanding is that there is a hybrid method of grandfathering which will be a little complicated, with assets needing to have a valuation on or around 1 July 2027.

Current CGT is 50% discount then taxed at marginal rates. Using a capital gain of $100k on a property:

if you are in the top bracket (47%) - discount $50k, tax @ 47% = 23.5k
If you are in the 35% bracket - discount$50k, tax @35% = 17.5k

These taxed gains are offset by deductions already claimed for negative gearing.

With flat rate of 30% less CPI - it gets more complicated to work out, but if we say bought for $500k, sold for $600k, CPI was a constant 3.5% for five years of holding the asset:

Cost Base goes to $593k - which gives a $7k Gain taxed @ 30%?

Taxing discretionary trust distributions at a flat 30% is also interesting.  There are many who use it as pure tax minimisation/rort because they can (eg child is 19 and is given a distribution of up to the 35% bracket, which decreases the distributions required to the highest earning trustees, often in the family - pure rort), but also understand that some are used in a genuine manner to distribute to those that need it.  It may affect small business that genuinely operate in a way that family don't draw a wage, but rely on the distributions instead.

What is the solution to housing affordability proposed by those that are against this? All I have heard is reduce immigration (which the wider ranging effects are fairly complex)

In terms of Private Health rebates for seniors, I'm not really sure about this.  While rules have changed and just using my parents as an example - the last few years of dad's work before retiring, he could package all his salary to super and then draw a tax free pension.  He hasn't paid any income tax or medicare since he was about 62 - over 20 years ago.  I can see the impact of removing the rebate, but don't really understand how to feel about it...

There needs to be change to NDIS - it has blown out, with claims for frivolous, tenuous things to inflated costs for specialists - it has unfortunately been subject to rorts and 'mission drift'.  Needs to be reigned back in.

Alternatives?  There are none, unfortunately.  We desperately need a viable alternative.

I don't disagree, Thry, but government policy from 2000 has contributed enormously to the overly inflated prices.

Government policy of making housing an attractive investment (eg through capital gains discounts, being able to borrow to invest through super fund structures) has done a huge amount of damage.

A large correction in housing prices would be debilitating in Australia, particularly if people couldn't afford their mortgages, as if they sold, they would still be paying a mortgage on top of what they would then need to pay to rent/buy elsewhere.

Supply/Demand - if investor demand is diminished then owner/occupiers have less competition, a dampening (rather than correction) will assist in owner occupiers?  Investors may still be interested, but would need the cashflow to support the investment.

Property developers wouldn't be affected, as it is a business, not an investment - so tax as a company, not a capital gain?