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The grazing industry, like other primary industries, is vulnerable to government decisions and natural disasters. A good advocate for the northern grazing industry is needed where it counts where the actual decisions are made. I intend to fight for this industry where the real battle belongs, in the rooms that the government decisions are made and with the bureaucracy. Katter says a lot in the media, and usually after things are already bad. We often agree with whats put up in print, but we rarely see it make a difference. This is the point of difference between Katter and me. I intend to do the hard work in the backyards which is where the real action happens and where the real difference can be made. I will also react early to pending issues. I wont be asleep at the wheel or absent when legislation is discussed, or more importantly, when actual votes are made. Katter has been absent or voted with labour for 65% of the total votes over this last term of government. I would have an inside influence in government and a relentless energy to tidy up the decisions that impact us within bureaucracy. Kennedy deserves to be in government and Kennedy needs someone to do the hard work to clean up bureaucracy and the misuse of science. This is what I am about and I seek your support to do it. And dont worry guys, I can put up a bloody good fight and already have many wins!
The Tax Credit Trade concept: At the moment when businesses are in trouble they generally trade at a loss, and accumulated tax losses are recognised by the ATO. Businesses are able to offset future taxes payable to the ATO using these accumulated tax losses. The Tax Credit Trade concept will only come into play when there is an equity crash, and where it is in the businesses, banks and governments best interest to implement the trade. When the Tax Credit Trade is implemented, businesses are allowed to trade their accumulated tax losses their bank to reduce their debt. So if a business has $100,000 of accumulated tax loss they trade this accumulated tax loss with the bank to reduce their debt by $100,000. The bank then 'uses' this accumulated tax loss that they have traded to offset their own tax. The bank would not get a 100% offset. Thus if the traded tax loss from the business was $100,000 the tax offset would only be worth around $70,000 for the bank. The bank losses $30,000 in the trade. Therefore this concept will only work when circumstances give bear to an equity crash, where banks loose more through multiple forced foreclosures than what they would through the implementation of the Tax Credit Trade concept.
3. Improve debt approval methods: Banks, graziers and government R&D investment needs to improve the property valuation tools behind rural lending to better reflect the capacity of rural land to earn and repay debt based on land potential and best practice and not be prejudiced by inflated land sales. I will work within government to illustrate how data and information to support these tools could be generated by existing government departments and programs without new money. 4. R&D for profitability: I will also work hard to build an understanding on why existing federal government R&D and extension funds should be focussed much more on profitability for primary industry and not just environmental outcomes. As they say you cannot be in the green if you are in the red.
We need to improve the Terms of Trade rural industries need to be profitable The whole reason I joined the Liberal National Coalition is because of the underlying philosophy of supporting profit. Through profit comes public revenue from taxes that can then be distributed for wider public benefit. 5. Carbon tax removal: I will wholeheartedly support the removal of the carbon tax which left unchecked will not only continue to increase the price of electricity but also the cost of transport a vital expense in the rural industries and regional communities. The carbon tax is a cumulative tax, which means we pay it many times over through the commodities we buy including urea and protein supplements, steel and cement. 3|Page Noeline Ikin position on northern grazing industry
6. Zone rebate review: I will wholeheartedly advocate for a review of the zone rebate for areas such as Kennedy to make the wages provided by rural and small businesses in the north more competitive helping to alleviate the shortage of skills and workers. This needs a lot of work to package it up as a national wealth creation objective not just a tax break. We need to demonstrate that the rural and small businesses of Kennedy are the start of a greater wealth potential for the nation by building the foundations of our countries future food, education and health opportunities with the growing population and wealth of our Asian neighbours. 7. Fuel rebate needs to stay: I will strongly advocate that the fuel rebate remains in place for rural industries. 8. Better Trade Agreements: Both Tony Abbott, Julie Bishop and John Cobb have indicated that they will ensure that the relationship with Indonesia and the Live Export market of cattle will be high on the priority list for international relations, and they have said one of their first overseas visits. Additionally the trade agreement with China will be a high priority along with agreements with Korea. I will work hard to keep the rural industries in Kennedy informed of all developments and aim to ensure that the local voice and implications of such agreements on the beef trade are well heard by the decision makers. 9. Water Storage Developments: I strongly support the Northern Australian focus by the Coalition Government, including increased water storage. I will work closely with local people with the pending water storage and irrigation developments that are intended to create diversity in income and improved services in the Kennedy electorate. With every change comes winners and losers, my intention is to minimise the losses and ensure local people are closely informed and participating in these major developments. 10. Risk better evaluated reducing insurance: The cost for insurance on most grazing properties has become totally irrational and not based on reasonable risk. I would work very hard to redirect existing government programs to assess flood risk and potentially other natural disaster risks using modern tools and data along with local knowledge. Given that for most grazing businesses the insurance does not cover the greatest asset the commercial herd I would strongly advocate that insurance companies and groups of graziers re-negotiate premiums based on better risk models and management which should save the average property $10,000 per annum. 11. Native Title respondent funding: I will advocate for the financial support to be returned through the Native Title Tribunal to graziers to negotiate ILUAs to allow for the fair and equitable finalisation of Native Title claims. The legal support, mostly paid to Agforce as the representative of most graziers, was removed recently. Meaning that the full cost of the ILUA negotiations for graziers must be met by graziers. In Kennedy, many determinations are just being declared, meaning that just when we need assistance it has been taken away. 12. MLA Levy expenditure: Across the electorate I have heard that many graziers are concerned with the direction of MLA. I would call for regional meetings and seek from graziers their opinion on levy fund expenditure. It seems that for many family owned businesses there is a significant gap between the research findings and the ability of grazing businesses to adopt new technology and increase profitability. Therefore, would the grazing industry benefit from a greater proportion of resources directed to in-field support and application of research?
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We need to ensure the Long Term Sustainability of food production our lifes essentials 13. Landcare and GABSI: I will work very hard and advocate for ongoing Landcare and GABSI type funds that assist with weed, pest, erosion, pasture and great artesian bore management outcomes. I will also strongly advocate for support through existing government budgets to see funds supporting the land type, infrastructure and feed on offer mapping that underpins best practice decisions and the ability to calculate paddock by paddock grazing value of that land. By government investing in this underlying information not only are landholders benefiting with information to assist grazing decisions, but data can be developed in such a way as to provide far better third party acknowledgement of future potential land use value for agriculture. This would provide a fairer position for landholders in negotiating compensation should mining or conservation tenures be enforced in the future. At the moment, graziers are on the back foot without the ability to prove current and future land use values, and many are not being compensated fairly. 14. Strengthen biosecurity: I will strongly advocate and ensure that biosecurity is strengthened given Kennedys close proximity to foot and mouth, screw worm fly and many other biosecurity risks. I will support the ongoing blue tongue research which could be essential if trade agreements with China include North Queensland Live Export Trade. We need to reduce the Red Tape regulate for the sake of outcomes not bureaucracy 15. Science expenditure: I will relentlessly pursue the governments science expenditure to increase value for industry as the end user. I believe that too much science is desktop and has large error margins. The use of this in policy and legislation causes perverse outcomes and costs for the grazing industry. Much of this science has been used to shift the costs of caring for the environment from the public to the landholder unfairly. 16. Red tape reduction: The Abbott government has made it very clear that there will be a strong focus on red-tape reduction. I will call regular meetings with locals as well as industry bodies and local governments to identify what red-tape is blocking the industrys capability. From these meetings I will ensure that the practical issues faced by people in Kennedy are tabled at every sitting period of government. I will continue the work I have started in reducing the red tape with Lease Renewals and access to veterinary drugs, but if elected will have a better platform to get this work through with bureaucracies.
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