On 27th October I delivered my First Speech in the House of Representatives. The speech dealt with the importance of the Federal Government governing for all Australians, making the point that “what is good for the country is good for the nation”.
One of the subjects I raised was MIS forestry schemes which have been of great concern to many residents in Wannon.
I noted that “unfortunately, the incentive that was provided was directed at the corporate tax break and not at sustaining production in timber. While initially providing a flow of investment, MIS soon became MIPS, a Managed Investment Ponzi Scheme, leaving many in my local communities to ask why the long term impacts of the scheme were not considered when it was developed.”
“With MIS companies now insolvent, banks having no confidence to lend to the scheme, leading CEO’s calling for it to be axed and timbered land in prime food and fibre production areas lying unproductively dormant, now is the time for us to act.”
My belief is that “ MIS, which unfairly pits small business, our family farmers, against large corporates and gives large corporates a tax advantage when it comes to purchasing land is not what I consider good Liberal policy. It needs to go and an alternative found to encourage long‐term investment in forestry.
I concluded my speech by noting “I am deeply honoured and humbled that the electors of Wannon saw fit to make me their representative, their voice in the national parliament. With their help I now set about the task of honouring my commitment to fight for what Wannon needs and of ensuring that this Government delivers services for all Australians, no matter where they live.”
The full version of my speech can be found at www.aph.gov.au/house/members/firstspeech.asp?id=911
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