Search
Labor is already using up political capital as Ben Wyatt prepares to deliver his first budget, in September. Photo: Attila Csaszar

Honeymoon’s over for Labor

The unveiling of the latest increases in household fees and charges and the cutting of concessions for thousands of seniors cardholders marks the official end of the Labor government’s honeymoon period. From now on, it’s a hard slog.

Naturally, Treasurer Ben Wyatt blamed the severity of the imposts on the financial mess left to him by Liberal-Nationals alliance; that kind of reaction is par for the course when a new government gets its hands on the financial levers.

But the measures take a big bite – $438 a year – into the budgets of the average household, and it must be asked whether the extra revenue that results will be worth the political pain.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Comments

West Perth
Or not. After all, Colin Barnett squandered a once-in-a-generation windfall. Mr Kennedy might write that the current government can only point the finger at Mr Barnett for so long, but until the financial woes of the state are resolved it will always come down to the previous government and its profligate spending, with no thought to the future welfare of the people it was elected to represent.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/06/17

1 year TSR5 year TSR
115thSouth3278%0%
131stAtlas Iron67%-62%
154thFortescue Metals Group58%5%
317thWoodside Petroleum15%5%
434thNorthern Star Resources-2%48%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/04/17
$52k Bought
03/11/16
$6.9m Bought
23/09/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$5,715.9m
4th↑Atlas Iron$803.7m
5th-Northern Star Resources$787.2m
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
674thMark Barnaba$223k
795thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer