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Michael is a proud Western Australian father of four and grandfather of one. Professionally, Michael operated his own business as an Electrical Contractor and for the past 16 years has worked in the Mining Construction Sector as a FIFO Electrical Superintendent.

Michael is standing for the seat of Pearce to highlight the lack of action on Family Law Reform by the current Attorney General, Christian Porter, and the general failure of successive governments to address the biggest issue destroying tens of thousands of families every year. That issue is the Family Law and Court system which has devastated parents and children since its inception in 1975.

Michael is calling for a Royal Commission to be held immediately after the Attorney General's 583-page review failed to mention the victims of Family Law - other than a cursory mention about suicide.  The focus of the Royal Commission should be on children and their guaranteed rights to be raised by both loving parents. Their parents should not be forced to fund expensive legal action to simply move on and should be able to afford to provide their children with two homes to enjoy those relationships.

Michael stands with the WESTERN AUSTRALIA PARTY as he believes there is urgent need for Canberra to recognise and address the needs of Western Australia. He is tired of our state being taken granted and wishes to advocate GST fairness. He states that the revenue discrimination is at the heart of several WA concerns and wishes to make an impactful change through his voice with the Party.

 

 Seat of Pearce

Pearce covers 13,250 sq km area and contains all of the Shires of Beverly, Chittering, Gingin, Northam, Toodyay and York and parts of the Cities of Swan and Wanneroo. The Division includes the suburbs of Aveley, Banksia Grove, Baskerville, Brabham, Brigadoon, Bullsbrook, Carramar, Clarkson, Dayton, Ellenbrook, Henley Brook, Herne Hill, Lexia, Mariginiup, Melaleuca, Middle Swan (part), Mindarie, Morangup, Neerabup, Red Hill (part), Tamala Park, West Swan and Wundowie.

Baby boomers with their life savings in Australia shares won't be the only investors worse off under Labor's policy to abolish the franking credit refund policy, so will young people especially FIFO workers who lose their jobs and don't qualify for Newstart.

Many young people take advice and save money in shares, especially WA FIFO workers.  Investing in Australian shares is a favourite because shares pay an income twice a year and can be reinvested to purchase more shares. 

Under Labor's proposal, a FIFO worker can claim back the franking credit refund, but not if they are unemployed and have no taxable income.  For an unemployed worker with savings in shares it's a double dose of unfairness.  No support income because they don't qualify for Newstart due to savings in shares, and no franking credit refund because they don't pay tax when unemployed.

Baby boomers on the other hand will be looking to financial planners to arrange their investments so they can qualify for at least $1 of Age Pension and be eligible to claim franking credit refunds as well.  If Labor wins, Baby boomers will be better off with advice from a good financial planner but young people will be disadvantaged because of the "ageist superannuation system" that exists in Australia.

To assume that tax paid by companies is refunded as franking credits is a misleading understanding of the franking credit system. When a company makes a profit, it's taxed at a flat rate of 30% and paid to the ATO.  A company can choose to pay a dividend or not to its shareholders in any year.  Not all profits are paid to shareholders.

Australian companies like A2 Milk (A2M.asx), Bellamy Aust (BAL.asx) and Bingo Ind (BIN.asx) make millions of dollars in profits, pay tax, but don't pay a dividend.

It's a matter of fairness to investors.  Why should one type of investor receive income from their investment untaxed and another investor taxed at source?

Consider these three options for a FIFO worker with $100,000 savings to invest:

1.    Term deposit pays interest $2,000 each year. The interest is not taxed at source by the bank with a tax file number provided.

2.    Rental Property in a regional town pays rent $2,000 each year. The rent is not taxed at source.

3.    Wesfarmers/CBA/RIO declares a dividend of $2,000. All companies deduct 30% tax at source of $600 and pays $1,400.  The unemployed FIFO worker is worse off by $600.

Where's the fairness in taxation for these three investment examples.  Why should one investment be taxed at source and others are not?  These are the issues that need addressing, not favouring one type of investor over another.

The local economy will be worse off because stay at home Mum and Dad shareholders will have less money to spend when their Franking Credit refunds are abolished.  Most investors received their refunds in December each year, ready to spend at Christmas time.

Abolishing Franking Credit refunds will disadvantage investors without recognising the risks of not receiving a dividend or losing money on the stock market or in a private company.  More Australian companies will fall into the hands of foreign ownership without local support.

This policy to abolish Franking Credit refunds to some shareholders and not others is flawed and detrimental to Australian small business, investors and to the local economy.

Julie Matheson, BA (UWA), Dip FP (Deakin), CFP (FPA)

Senate Candidate and Convenor for the WESTERN AUSTRALIA PARTY

m: 0409 294 495 | e: This email address is being protected from spambots. You need JavaScript enabled to view it. | www.westernaustraliaparty.org.au

a:  PO Box 8134, SUBIACO   WA   6008

 

GRAPHIC SOURCED BY THE ABC 

 

 

Born in Mount Lawley, Jane Boxall has lived in Western Australia all her life. She is passionately loyal to this state. In her career as a school teacher she has taught in regional  areas and in the city and understands the need to support the diversity and isolation of Australia’s largest state.

She has brought up four children and understands the things that are important to young people; good educational and job opportunities, a chance to rent or buy a home at a fair price and the need for clean air and environmental  protection for a healthy lifestyle.

She has been involved with the family court system and recognizes that urgent reforms are needed to support and understand the unique difficulties of mothers, fathers and children through this process.

While a true-blue Australian, Jane  also sees  that Western Australia is the economic powerhouse of the nation. It is therefore entitled  to receive  appropriate returns for its contribution.  With 11% of the nation’s population WA should receive 11% of the GST purse.

  Jane will always support policies that are best for Western Australia.

 

 

Seat of Perth:

Perth covers 80 sq km area and is by the Swan River to the south and east, the Mitchell Freeway and Kings Park to the west and the Cities of Vincent and Bassendean, the suburbs of Coolbinia (part), Menora, Inglewood (part), Bedford, Morley(part) and Noranda to the north. Suburbs include Ashfield, Bassendean, Bayswater, Bedford, Coolbinia (part), Dianella (part), East Perth, Eden Hill, Embleton, Highgate, Inglewood, Kings Park, Leederville, Maylands, Menora, Morley (part), Mount Hawthorn, Mount Lawley, Noranda, Northbridge, North Perth, Perth and West Perth.

As Chief Rabbi of the Perth Hebrew Congregation for 30 years, David has been involved in interacting with people of all faiths and backgrounds in Western Australia in a social, pastoral and charitable context.  This experience has led to his intention to enter Federal politics, to draw on his wide professional experience, and make meaningful change in the Australian parliament.

As an elected Senator, David pledges to donate his salary and distribute this to the homeless of Western Australia and to women seeking refuge from domestic violence. David has a deep social conscience and is a firm believer that hard work and effort should be rewarded; but these rewards cannot be enjoyed while there are those who are disadvantaged and vulnerable in our society.

David's politics are neither left nor right but centre on a deep social conscious based on policies that serve the best interests of Western Australia.

The WESTERN AUSTRALIA PARTY is dedicated to safeguarding the economic wellbeing and WA and its citizens.  This includes the protection and support small business, and the Party's special interest in preserving the uniqueness of Western Australian fauna and flora.  These policies, amongst other have attracted David to the WESTERN AUSTRALIA PARTY.  The convenor of the Party, Julie Matheson, whose name is first on the Senate ticket is particularly impressive because of her dedication and commitment to Western Australia and the Party.

Janetia Knapp is an aboriginal elder of the Noongar community in Fremantle. Western Australia is deeply embedded in her identity and is the fuel that drives her passion. Through her experiences as an indigenous woman and her engagement with the community, she has deeply understood the gap that exists within the people of WA.

Professionally, Janetia is a school teacher in cultural teachings and is the resident artist at Notre Dame University. She believes that the youth of our community truly are the future of our country.

Janetia believes that an authentic and genuine collaboration is imperative for a healthy society. She wishes to encourage a celebration of all the diverse cultures that exist in WA. Being an active member of Fremantle, she will voice the concerns of the community and stand up for fair representation. Janetia stood for the seat of Fremantle in 2017 as a proud member of the Western Australia Party. Janetia is again putting herself forward because she is passionate about having the Fremantle community heard in Canberra.

 

Seat of Fremantle

Fremantle covers 196 sq km area from the Cities of Cockburn, Fremantle and Melville (part) and the town of East Fremantle. It is situated south west of Perth and includes Rottnest Island. The suburbs include Atwell, Aubin Grove, Banjup, Beaconsfield, Beeliar, Bibra Lake, Coolbellup, Coogee, Cockburn Central, East Fremantle, Fremantle, Hamilton Hill, Hammond Park, Henderson, Hilton, Jandakot, Kardinya (part), Leeming (part), Munster, North Coogee, North Fremantle, North Lake, O'Connor, Palmyra, Samson, South Fremantle, South Lake, Spearwood, Success, Wattleup, White Gum Valley and Yangebup.

 

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Headquarters:
Perth, Western Australia
PO Box 8134, SUBIACO  WA  6008
Phone: 0419 906 393
Email: wa@westernaustraliaparty.org.au

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Authorised by S Phelan, Western Australia Party, 139 Coghlan Road, SUBIACO WA 6008

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