We urge concerned Australians to talk to those proposing to represent us in the next Government. Ask them:
- what priority they give Australia’s long term interest when we have an open door policy to imports which do not meet our standards;
- why do we have a “for sale” sign on our wealth creating assets so foreign countries and companies can buy our land and our businesses;
- why our government fund foreign purchases – over $600m to China to lease the Ord Stage Two;
- why they allow foreign interests to pay less company tax from the profits they declare (10% withholding tax), after consultancy fees and interest repayment are sent off shore;
- why they do not apply the laws we have in place to ensure products do not come here or are removed from sale that do not meet our standards;
- why government procurement tends to favour foreign owned business operating here who then do not necessarily source from our businesses and often replace inferior quality;
- why products are dumped here and nothing is done;
- when will they apply labelling laws which show were products are grown and sourced; where they are made and who really owned the;
- why they have not called for an amendment under the WTO to give protection to our key industries and our knowledge base;
- why they do not acknowledge the implications of decades of policies based on a false principle that everyone is playing by the same rules. Only Australia does this to our own. All the countries we trade with ignore our intellectual property, do not allow domination of key sectors in the supply chain to dictate prices and profits to their suppliers and import goods to replace their own. Australia cannot take advantage of the Asian century if we do not own our land and our manufacturing.
- Sign the AUSBUY petition
We are losing over 200 years knowledge of our land and our capacity for innovation as countries and global companies circle to buy our wealth creating assets. That is why AUSBUY goes to the people. Every $ you spend on Australian owned and made goods and services has a multiplier effect within our economy. $50 a week for every household becomes $50B multiplied in our economy. Sign
AUSBUY‘s comment on the story on ABC’s The World Today – http://www.abc.net.au/worldtoday/content/2013/s3701228.htm
Good to see discussion about this issue. AUSBUY raised the issue of Food Security over four years ago, now it is fashionable to talk about it. AUSBUY raised a petition asking for a national interest test early in 2012 based on the need for a national interest test. New Zealand stopped the sale of 8 dairy farms to the Chinese because it did not meet the national interest test. We have no mechanisms.
Ownership and investment are important issues. Put simply only Australian majority ownership means the decisions, profits, jobs, skills and reinvestment stay here. As a country we do not have a strategic long term plan about any industry let alone the industry which helped build our wealth, based on our clean green growing environment. Over the past few decades we have allowed control beyond the farm gate of all major food commodities except rice, as overseen by the ACCC. We have deregulated industries and made our farmer price takers not price makers. Hence on farm income has been in decline for decades matched by rising debt. Any wonder farmers are selling their land. These skills and knowledge of the land are being lost. And there are no mechanisms in place to give priority to our owned.
All our trading partners fund their growers (average $41k compared to $4k for Australian farmers). Policies were based on the false assumption that we export most of our food, whereas we only export more than 50% of our beef, wheat and fibre. Based on this false assumption we have signed FTAs giving ready access to our markets. We have not counted the decline since 1998 (simply do not want to recognise the unintended consequences of decisions).The high AUD$ is hurting our growers and manufacturers ever more.
Foreign owned manufacturers close factories here, set up off shore and sell back to us. Our tax laws favour foreign interests (10% withholding tax) and FIRB thresholds mask what is really happening. Canadian Super Funds are buying our assets yet there are no mechanisms for Australians to invest in our own country.
Bill Heffernan is one of the few politicians prepared to look at this. AUSBUY has been focusing on the importance of ownership since 1991. A petition about foreign ownership was presented to Parliament in December 2012 with 55,000 signatures. Who will pay off our rising debt? It will not be the foreign countries and companies buying our wealth creating assets.