The Times Australia
The Times World News

.

Scott Morrison tells Liberal launch 'I'm just warming up', as he pitches on home ownership

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

When he mounted the stage as a warm-up speaker at Sunday’s Liberal launch, Josh Frydenberg received a reception beyond the obligatory enthusiasm required of the handpicked party faithful at these affairs.

“Wow – I wish I got that reception in Kooyong,” the deputy Liberal leader and treasurer quipped.

Frydenberg, fighting a desperate battle to survive against the teal invasion in his Melbourne seat, had already been on ABC Insiders with a defence of Scott Morrison, and various government policies, that wouldn’t do him much good with his local voters.

It might have been all hands to the wheel for launch day, but the Brisbane gathering failed to project the image of a party on the verge of defying the odds to score a triumph.

Morrison’s message was that he and the government had seen the country successfully through the pandemic, and now he had plenty of ideas for the future.

He’d already told us he won’t be such a bulldozer if he wins again, though it’s unlikely people will be convinced we’d get the purring engine of a Mercedes.

In his overlong Sunday speech (about 50 minutes) with too much detail, Morrison thanked his audience for their patience, “but as you can see, I’ve got a big plan. I’m seeking a second term because I’m just warming up.”

Outlining the government’s achievements during COVID, Morrison said: “Not everything went to plan but, you know, when it didn’t, and while others were criticising, we just worked feverishly to turn it around and make up the ground. What followed was the largest economic and public health response in Australia’s history.

"We now stand on a different edge […] One where fear doesn’t dominate, but aspiration. […] We stand on the edge of a new era of opportunity.”  

The launch’s policy centrepiece – allowing first home buyers to access up to 40% of their superannuation, to a maximum of $50,000 – is likely to be popular.

It acknowledges housing affordability as a big issue with many people, and also contrasts with Labor’s offering of the government taking a slice of ownership to help some people into homes.

There’s been a good deal of pressure to allow first home buyers to access their super. When the government allowed people to dip into this asset to cushion them through the pandemic that was welcomed by many.

But there is the counter argument that it is desirable to keep super savings intact for their purpose – to provide for retirement. The government’s partial answer is that the money (with a portion of any capital gain) would have to be put back into super if the house was sold.

And critics will point to another issue. By helping on the demand side, the scheme may drive prices higher. The central problem is on the supply side, but solutions to that lie mainly with state governments rather than the federal government.

Morrison did unveil a modest measure on supply – reducing from 60 (which is coming in July 1) to 55 the age at which “downsizers” can make contributions to superannuation of up to $300,000 per person from the proceeds of a sale.

Pensioners would also have longer (two years instead of one) to restructure their assets after selling their home, without affecting their pension.   The opposition immediately matched the empty nesters and pensioner initiatives.

But Labor predictably rejected the plan for dipping into super. Former prime minister Paul Keating denounced it, as a “frontal assault” on the superannuation system.

“The superannuation taxation concessions exist solely to produce a retirement income for people. Its key is preservation. Accumulated funds preserved to age 60 so working people secure the power and benefit of compounding,” Keating said in a statement.

The government immediately circulated Labor’s 1993 election housing policy, which undertook to “allow all home buyers to fund up to 49% of the deposit for a home from their accumulated superannuation savings.”

What’s old is new again, as often happens with political promises.

.

Read more https://theconversation.com/view-from-the-hill-scott-morrison-tells-liberal-launch-im-just-warming-up-as-he-pitches-on-home-ownership-183100

Times Magazine

Building a Strong Online Presence with Katoomba Web Design

Katoomba web design is more than just creating a website that looks good—it’s about building an online presence that reflects your brand, engages your audience, and drives results. For local businesses in the Blue Mountains, a well-designed website a...

September Sunset Polo

International Polo Tour To Bridge Historic Sport, Life-Changing Philanthropy, and Breath-Taking Beauty On Saturday, September 6th, history will be made as the International Polo Tour (IPT), a sports leader headquartered here in South Florida...

5 Ways Microsoft Fabric Simplifies Your Data Analytics Workflow

In today's data-driven world, businesses are constantly seeking ways to streamline their data analytics processes. The sheer volume and complexity of data can be overwhelming, often leading to bottlenecks and inefficiencies. Enter the innovative da...

7 Questions to Ask Before You Sign IT Support Companies in Sydney

Choosing an IT partner can feel like buying an insurance policy you hope you never need. The right choice keeps your team productive, your data safe, and your budget predictable. The wrong choice shows up as slow tickets, surprise bills, and risky sh...

Choosing the Right Legal Aid Lawyer in Sutherland Shire: Key Considerations

Legal aid services play an essential role in ensuring access to justice for all. For people in the Sutherland Shire who may not have the financial means to pay for private legal assistance, legal aid ensures that everyone has access to representa...

Watercolor vs. Oil vs. Digital: Which Medium Fits Your Pet's Personality?

When it comes to immortalizing your pet’s unique personality in art, choosing the right medium is essential. Each artistic medium, whether watercolor, oil, or digital, has distinct qualities that can bring out the spirit of your furry friend in dif...

The Times Features

NSW has a new fashion sector strategy – but a sustainable industry needs a federally legislated response

The New South Wales government recently announced the launch of the NSW Fashion Sector Strategy, 2025–28[1]. The strategy, developed in partnership with the Australian Fashion ...

From Garden to Gift: Why Roses Make the Perfect Present

Think back to the last time you gave or received flowers. Chances are, roses were part of the bunch, or maybe they were the whole bunch.   Roses tend to leave an impression. Even ...

Do I have insomnia? 5 reasons why you might not

Even a single night of sleep trouble can feel distressing and lonely. You toss and turn, stare at the ceiling, and wonder how you’ll cope tomorrow. No wonder many people star...

Wedding Photography Trends You Need to Know (Before You Regret Your Album)

Your wedding album should be a timeless keepsake, not something you cringe at years later. Trends may come and go, but choosing the right wedding photography approach ensures your ...

Can you say no to your doctor using an AI scribe?

Doctors’ offices were once private. But increasingly, artificial intelligence (AI) scribes (also known as digital scribes) are listening in. These tools can record and trans...

There’s a new vaccine for pneumococcal disease in Australia. Here’s what to know

The Australian government announced last week there’s a new vaccine[1] for pneumococcal disease on the National Immunisation Program for all children. This vaccine replaces pr...