Be it a gas deal and infrastructure or a contribution to Super how the hell are you supposed to plan if the rules when you enter such a transaction are changed retrospectively. Next generation coming having seen changes to super etc and barely affording housing are no longer investing in super to same level. Governments are seeing super as a pot of gold and same for housing values so expect a tax or levy or the big one a increase in GST or widening or GST base You missed out either . Governments are spending more than they are getting in and it isn't going towards productive uses .
So back to gas - why invest in infrastructure long term when govts are not honoring deal of when you build it . Japan Korea etc all getting cheap aussie gas now as they did 15 -20 year deals and paid some upfront to create scale and underpin industry and justify large infrastructure spend so Australia benefited . Stupid Aussie companies buy at spot and refuse o enter gas contracts especially long term and then whinge and bitch until government caves in and they get gas cap and govt pacifies retail with gas cap and subsidy payments . These can not continue long term as people will not invest in industry or energy projects .
In Australia if you think your PPR is safe up to a unlimited value , super the same, aged care contributions logical and health care accessible along with current stamp duty instead of annual housing value tax you are eventually going to be surprised. Aged care and super is classic example where you plan for decade and are unable to change and now locked into new system that is not what you originally expected - yep people did take advantage but that should have been stopped the extreme ends very early on not penalise every participant.
Yes to some tax reforms, yes to some energy reforms but they ave to be transparent and not be walked back or increased at random as people and companies do long term transactions on the back of them. .
Still surprised WDS being used as a war proxy and sold down so hard today compared to other oil and gas or market in general
WDS Price at posting:
$23.98 Sentiment: None Disclosure: Not Held
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