Submission to Inquiry into the Triabunna woodchip mill
The committee is to be commended for
delving into this period of public policy.
If lessons can be learnt and
processes, checks and balances established we may be able to avoid a repetition
of the disastrous lost decade for Tasmania.
More than any other event the hurried
sale of the Triabunna mill suggests the insolvency of the previous owner at
that time, yet public policy makers and their masters, the willing or unwilling
victims of cognitive capture turned a blind eye to the obvious and further
delayed the inevitable.
The relentless pursuit of a policy
objective come hell or high water has proved to be an extremely risky strategy
not only for the beleaguered residents of Triabunna but for all Tasmanians.
difficult to envisage a less deserving case for $16 million of government
assistance than Cadbury. The amount is equivalent to one month's operating cash surplus which in the last year was all remitted to the parent company. The parent company only has to defer one month's cash grab and government assistance won't be needed.
The Federal Liberals' budget rationale is based on the widely held
myth that government spending is financed by taxes and should a reckless government
spend more than it raises in taxes then loan funds will be required from the
private sector which will not only diminish the capacity of the private sector
to create jobs and pay wages but will impoverish our children and grandchildren
by burdening them with loan repayments that can only be met by higher taxes.
We’ve heard it a thousand times - the
incessant Goebbels inspired drum beat of the rationale of our current
But it’s not only the Liberals and
those on the Right who believe it, but the so called progressives and those on
the Left also believe it.
Maybe the latter are prepared to run
government deficits for a bit longer and for government borrowings to be a bit
higher, but essentially there’s not much difference between the two.
like the nuanced differences between Margaret Thatcher and Tony Blair, lost
already in the sands of time.
dissipation of Gunns’ forest estate continues.
Mentha, Gunns’ Receivers in control of Gunns’ secured assets, don’t say much. It’s
not a requirement except when they need a favour.
Advisory, Gunns’ Liquidator overlooking the whole show reveal a littlemore because they’re charged with winding up
Gunns’ MIS schemes and preventing Korda Mentha from grabbing the MIS trees for
their clients. As a consequence they update growers with regular, and quite helpful
explanations of the progress of the wind-up and how much is being received from
asset sales and spent by lawyers accountants and consultants in the fee