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The airport doesn't generate profit, so it doesn't pay tax at a corporate level. Not sure where you guys are getting your billion dollar profit info from.
The airport does generate a lot of cash, which is ultimately returned to shareholders in the form of unfranked distributions. Each shareholder then pays tax on these distributions. There's lots of tax flowing into government coffers from the airport's activities. But never let the truth get in the way of a good story! := |
There's lots of tax flowing into government coffers from the airport's activities. But never let the truth get in the way of a good story! These loans are then offset against all your profit making it tax free!! You then pocket all that money and when you sell the airport the loans disappear. This was the point made by the SMH, the money they made in the sale has been lost in tax revenue. So the Australian people gained in the short term only to lose out 10 years later and beyond, both financially and in that they have very expensive, poor quality facility that is just simply not up to capacity required. |
Albo's wee rant.
Passing strange that the ex minister should suddenly get so precious, stranger yet the sudden urge to make a bleating 'personal explanation' to parliament even using and quoting 'the facts' (that's a first). The episode takes on a bizarre aspect when you consider that it's all in response to something the Telecrap printed. There was no such explanation offered on his penchant for Thai food, or any of his other antics the same rag insisted on printing. So why so sensitive now? It is indeed so passing strange that questions of farce and motive may be considered.
I don't suppose many of the general public spend much time reading Hansard, so it wasn't for their benefit, the press will pay scant attention to his bleating, so not too much publicity there. Hmm, so; is Albo's wee rant part of something else? The letter "A" seems almost prophetic, Albo, Air transport redefined, Airport leases redefined, Archerfield redefined, Arse covering; questions in those areas may shed some light on the matter. But would he then just deflect inquiry to the nearest suitable advisor and say "talk to the ventriloquist, I'm just the dummy", while simpering at the camera. Oh blast it, who cares - the Telecrap won't dig for the real story any more than the rest of what passes for the 'press' these days. Even if some bright spark unearthed it all and lived to tell the tale, the lawyers wouldn't have the balls to print it. Waste of time. "Click". |
Now Max Moore-Wilton is in on it............
Max Moore-Wilton threatens to sue Anthony Albanese over Sydney airports row Sydney Airport chairman Max Moore-Wilton has threatened to sue Anthony Albanese if he repeats an attack on him outside Parliament, while calling the Labor MP a "grub" and a "factional hack". Mr Moore-Wilton also accused Treasurer Joe Hockey of colluding for years with Mr Albanese over a common approach to a second Sydney airport, the catalyst for animosity between the three. In Parliament on Wednesday night, Mr Albanese accused Mr Moore-Wilton of a conflict of interest in his role as the chairman of Sydney Airports He also questioned Mr Moore-Wilton's role as the country's top public servant when the airport was privatised in 2002, in the same year Mr Moore-Wilton left the public service to run the privatised Sydney Airport. Speaking to Fairfax Media on Thursday, Mr Moore-Wilton said he was not involved in the sale of Sydney Airport when he was working as a public servant, and that Mr Albanese would have been aware of this. "If he said it outside Parliament, he would be sued to within an inch of his life," Mr Moore-Wilton said. "This is a complete and utter fabrication," he said. "He knows that, and he knows that he can get away with it under parliamentary privilege. It is an absolute disgrace - the man is a grub, a factional hack and a misuser of his parliamentary office." Mr Albanese's speech came in the context of heated disagreements over the need for a second airport in Sydney. Mr Albanese, who supports the construction of another airport, said Mr Moore-Wilton was entitled to oppose one. "But as the head of a company that has a monopoly over the existing airport, any fair analysis would conclude that he has an enormous conflict of interest," he said. Mr Albanese then discussed Mr Moore-Wilton's role as the secretary of the Department of the Prime Minister and Cabinet before the sale of Sydney Airport was finalised in late 2002. The sale included the condition that the purchaser of Sydney Airport would have the first right of refusal to build another airport in Sydney for 30 years. Mr Albanese said: "I understand the condition was initially proposed to last 20 years but was increased to 30 years at the request of the buyer. "One wonders what considerations were behind that and what was the head of the Department of the Prime Minister and Cabinet's knowledge of those considerations?" asked Mr Albanese, who is the former transport minister. In late 2002, Mr Moore-Wilton left the Department of Prime Minister and Cabinet to run Sydney Airport for its new owner, Macquarie Bank. But Mr Moore-Wilton on Thursday said he had not sought the position, and that while in government he had not been involved in the process of selling the airport to Macquarie. "The process for the sale of the airports was undertaken, to my recollection, by the Department of Finance," he said. "The minister for finance then reported to cabinet. To my recollection, I had no direct involvement in the sale of any of the airports nor, to my recollection, did I provide any advice to the prime minister. The department may have – I don't recall. Certainly it was not an issue I was involved in," he said. Mr Moore-Wilton said that his current view was that Sydney might need another airport, but no one had proved that it was required imminently. But he said Mr Albanese and Treasurer Joe Hockey, whose electorate of North Sydney is affected by aircraft noise, had done a deal to ensure bipartisan support for another airport. "My understanding ... is that Mr Hockey and Mr Albanese have had meetings going back as far as two years ago, in my understanding, and I have only been told about this by other people, where they agreed that they would pursue an approach with either of them in government to support the early, if not immediate, development of a second Sydney airport," Mr Moore-Wilton said. "There is no infrastructure body in Australia that currently says there is an immediate need for a second Sydney airport, which is what I understand Mr Albanese and Mr Hockey say. There is no objective basis for them to make that statement." The Abbott government has said it would make a decision on another airport site, all but certain to be Badgerys Creek, in its first term. But that decision would only trigger a two-year consultation with Sydney Airport, which has the first right to build that airport. As transport minister, Mr Albanese supported another airport in Sydney, but did not manage to nominate a site for one. Contacted for comment, Mr Albanese, who is currently shadow transport minister, said: "Max Moore-Wilton has tried to personalise this debate and question my motives. "But the real issue here is what is in the nation's economic interest. There can be no doubt that the national economic interest demands the construction of a second Sydney airport," Mr Albanese said. Read more: Max Moore-Wilton threatens to sue Anthony Albanese over Sydney airports row |
Albo former DPM vs Mad Max former topdog public servant
Amazing how the shackles of Govt can free up the tongue..:E Here is what Albo actually said under parliamentary privilege:D:
Mr ALBANESE (Grayndler) (19:30): Strange things happen during election campaigns. Misrepresentation and distortion are never far away. However, I must say I was shocked during the recent election campaign by the depth of distortion and misrepresentation by the Chairman of the Sydney Airport Corporation Max Moore-Wilton in his crusade against the construction of a second airport in Sydney. Mr Moore-Wilton is perfectly entitled to oppose a second Sydney airport. But as the head of a company that has a monopoly over the existing airport, any fair analysis would conclude that he has an enormous conflict of interest. As many people would know, until 20 December 2002 Mr Moore-Wilton was the nation's top bureaucrat—Secretary of the Department of the Prime Minister and Cabinet. Months before, on 28 June 2002, the Howard government finalised the sale of the lease of the Sydney airport to Southern Cross Airports Corporation Pty Ltd for $4.2 billion. The airport had been offered for sale by tender with conditions which were factored into the sale price. They included: an 11 pm-to-6 am curfew; a limit of 80 aircraft movements per hour; and guaranteed access to the airport for regional airlines. There was a fourth condition. If it was ever decided to build a second airport in Sydney the successful tenderer for the existing airport would have first right of refusal for its construction and operation for 30 years. I understand the condition was initially proposed to last 20 years but was increased to 30 years at the request of the buyer. One wonders what considerations were behind that and what was the head of the Department of the Prime Minister and Cabinet's knowledge of those considerations? If Mr Moore-Wilton was sincere in his stated view that a second Sydney airport would not be economically viable until after 2032, he would be prepared to give up that condition. History will judge Mr Moore-Wilton's sincerity on whether he does so. Mr Moore-Wilton understood the conditions on the sale of the lease when he resigned from the Public Service and took the position as Chief Executive of the Sydney Airport Corporation just a few months after the sale. Mr Moore-Wilton now wants these conditions scrapped. Of course, that would deliver a windfall gain for the Sydney Airport Corporation. At the recent CAPA aviation industry conference in August, I spoke and reiterated Labor's support for a second Sydney airport, saying the potential sites were at Badgery's Creek and Wilton. Mr Moore-Wilton also spoke, attacking the regulations on the airport's operation and asserting that I had intervened to allow breaches of the curfew so aircraft carrying politicians could land late at night. There were no breaches; there were no planes; there were no MPs on these fictitious planes. Mr Moore-Wilton has also attacked me as well as Joe Hockey and Scott Morrison, who also support a second Sydney airport, claiming we had a conflict of interest because we represented communities around Sydney Airport. And he has been critical of the lack of infrastructure spending around the airport when his corporation is privately run, generates significant revenue, remunerates its board handsomely, yet has not paid a single dollar in tax since the airport was privatised. Mr Moore-Wilton also sits on the board of Infrastructure New South Wales, which is meant to provide independent advice to government. Infrastructure New South Wales has not recommended support for a second Sydney airport, although it would drive productivity and growth for Sydney, New South Wales and the nation. So Mr Moore-Wilton expects taxpayers to fund infrastructure for his privately-leased airport but is determined to privatise the profits of this monopoly. When it comes to the need for a second Sydney airport, Mr Moore-Wilton is out of step with mainstream thought. Just about everyone in the aviation sector supports a second Sydney airport, including heads of Qantas, Virgin and other airlines; the Business Council of Australia; the Sydney Business Chamber; and the Labor Council of New South Wales. For Mr Moore-Wilton, whose company has a direct financial interest in preserving its monopoly, to be attacking members of parliament for alleged conflict of interest tests the limits of intellectual credibility. Let me put it this way: the man who was the senior public servant when the government sold the lease becomes the CEO of the company that buys the lease and begins arguing for the removal of the regulatory measures his company disagreed to as part of the sale. This same man also wants the taxpayer to fund infrastructure around the airport despite the fact that his company pays no tax. This same man argues against there being a competitor for his company's monopoly. Finally, he sits on the board of Infrastructure New South Wales, which does not argue in favour of this vital infrastructure project. And he accuses me and Joe Hockey and Scott Morrison of a conflict of interest. Give me a break! |
It's very convenient that Max Moore Wilton can run a monopoly airport AND be on the board of Infrastructure NSW. Would love to see what everybody else on the board really thinks of a second airport. I find it hard to believe that they are all opposed to it given the ongoing issue with lack of facilities and congestion at YSSY.
Unfortunately though they are all just twiddling their thumbs. Nobody actually wants to commit to getting on with a second airport. It will be two years for a decision then a 3 year review followed by a change of government etc etc |
Albo v Max war of words cont/-
Albo fires another salvo...:rolleyes:
Albo's personal explanation: Mr ALBANESE (Grayndler) (15:12): I wish to make a personal explanation. The SPEAKER: Does the honourable member claim to have been misrepresented? Mr ALBANESE: I do. The SPEAKER: Please proceed. Mr ALBANESE: The Sydney Morning Herald's website today quotes Mr Max Moore-Wilton, the chairman of the Sydney Airports Corporation, accusing me of fabrication over my suggestion in this House last night that when he was Secretary of the Department of the Prime Minister and Cabinet in 2002 he would have known about conditions, including a curfew, a movement cap, guaranteed access for regional airlines and a first right of refusal that were applied to the sale of Sydney airport. Mr Moore-Wilton is quoted in this report as calling me a 'grub' and as saying: Certainly it was not an issue I was involved in. The facts are these. In a question on notice to a Senate budget estimates committee hearing dated 26-27 May 2003, Senator John Faulkner asked when cabinet had discussed the sale of the airport and whether Mr Moore-Wilton was present. The response from the Department of the Prime Minister and Cabinet said that full cabinet discussed the sale of the airport on 12 December 2000, 26 March 2001, 24 September 2001 and 11 March 2002. The department reported, and I quote from Hansard: Mr Moore-Wilton attended all four meetings of Cabinet. I seek leave to table the question on notice and the answer. The SPEAKER: Is leave granted? Mr Truss: It is an answer to a question on notice. Mr ALBANESE: It is 2003. It will make it easier for them find in the Senate. The SPEAKER: Leave is granted. |
Looks like they're heading toward a decision.....
Sydney's second airport would need to operate 24 hours a day, Deputy Prime Minister Warren Truss has said, as he moved closer to announcing the airport would be built at Badgerys Creek. Mr Truss has also revealed that a second major airport in Sydney should be up and running well before the 2027 target date set by some advocates of a Badgerys Creek airport. The federal government will wait until the new year before announcing its decision to build an airport at Badgerys Creek, the 1700-hectare site in south-west Sydney that was bought for an airport between 1986 and 1991. Advertisement In an interview with ABC1's 7.30 that aired on Monday, Mr Truss said another airport would need to be built to accommodate overnight flights. Sydney Airport, at Mascot, imposes an 11pm to 6am curfew. ''There's no doubt that Sydney loses a lot of the economic benefit of its airport because it is only operating limited hours,'' Mr Truss said. ''There are a number of movements out of Melbourne and Brisbane that happen in hours when there is no airport open in Sydney. ''That is an issue that clearly has to be addressed. If Sydney is to be a world-class city … a city that is going to be able to compete internationally, then it will have to have airport services that are available 24 hours.'' Sydney Airports Corporation, owner of the existing Mascot site, has the first right to build a second airport in Sydney. This week, it presented the government with the final version of its master plan for the future of the Mascot site. Mr Truss needs to read that document before taking to cabinet a recommendation to develop an airport on another site. The government has not yet committed to Badgerys Creek, but has in effect ruled out all other options. A site further south at Wilton was dubbed by Mr Truss as unworkable, while he said Richmond in north-west Sydney could never accommodate a full-scale international airport. David Borger, from the Sydney Business Chamber, said operating a 24-hour airport at Badgerys Creek would provide the new airport with a crucial point of difference to the Mascot airport. Mr Borger, a former Labor roads minister, also said the 24-hour operations would be useful for agriculture. ''There's an opportunity here for some time-sensitive products to be moved into Asia,'' he said. Mr Borger is a member of a group called the Western Sydney Alliance, made up of businesses and unions, that is pushing for the Badgerys Creek site. The alliance has called for the government to announce a starting date for airport operations at Badgerys Creek of no later than 2027. But Mr Truss said: ''I am confident that an airport could be built and operating well and truly before the target date set by the alliance. ''You'd start modestly and then build up the facilities once the traffic movements justify it.'' Read more: Warren Truss to announce second airport at Badgerys Creek will run 24 hours a day |
Brrrrk, brrrk, brrrrk,
Brrrrrrrrrk, bakcaaaak. [Insert picture of chickens pecking at the feed thrown by the Minister.] Must be about due for another grand statement about a ‘Very Fast Train’ too. |
Brrrrk, brrrk, brrrrk, Brrrrrrrrrk, bakcaaaak. [Insert picture of chickens pecking at the feed thrown by the Minister.] Must be about due for another grand statement about a ‘Very Fast Train’ too. |
cackle...
:ok: thanks for that puffy..always enjoy a good larf.
In the deep north/qld called "Feeding the Chooks" (TM) by Joh the late, great and dangerous to democracy Petersen.:E Meanwhile in countries like Thailand the International airport goes gangbusters 24/7 :ok: |
Well who would of thought
Construction will begin, wait for it, in 2016... I guess Albo did "do nothing" and now officially not his train set..:E |
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