And we thought Malcolm Fraser was bad…..?

Former PM Scott Morrison, the $52 million man

by Michael West

“The second half of 2021 when Morrison was secretly the treasurer was prolific on the takeover front, featuring 63% of all deals which added up to 78% of aggregate transaction value) for the year. He was literally selling off the farm, and to some notably shady foreign predators at that.
Foreign vulture funds were swooping on the ASX because share prices were bombed out in the wake of the Pandemic. The takeover frenzy share drove the value of corporate transactions from $33bn in 2020 to a record $131bn billion.
In December last year FIRB ticked off on the sale of the essential monopoly and gateway to Australia Sydney Airport after a $24bn takeover bid by a consortium of super funds led by New York private equity firm Global Infrastructure Partners.
FIRB gave the green light to a consortium led by controversial US private equity giant Kohlberg Kravis Roberts (KKR) and the Ontario Teachers’ pension fund of Canada in 2021 to buy out energy provider Spark Infrastructure, paving the way for the $5.2 billion deal to be closed by year-end.
Then there was electricity juggernaut AusNet which fell to the tax dodgers from Brookfield in a $20bn takeover deal, signed off by FIRB.
The foreign predators have an advantage over local players in any takeover battle because they generally pay little or no corporate income tax. Brookfield is a prime case, taking private hospital group Healthscope and its 42 private hospitals, regulated and publicly subsidised assets to the tax haven of the Cayman Islands.
After the Healthscope deal, Treasurer Josh Frydenberg had approved the sale of nursing home empire Aveo to control by an entity in the tax haven of Bermuda.
Yet once Morrison became secret treasurer the deals, and the size of the deals, escalated. At the time he was ousted in the Election in May, Australia’s largest private hospitals operator Ramsay Health Care group was being sold to a “consortium of financial investors” led by US private equity giant, KKR, in a leveraged buy-out.
The $39bn takeover of Afterpay by Block Inc of the US was cleared by FIRB last November, also when Morrison was secretly Australia’s treasurer.
All this needs investigation.”

from Bliskitt

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen's nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no 'government' of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Posted on December 19, 2022, in ABC, Agenda 2030, ALP, Liberal National Party, LNP, Scott Morrison and tagged , , . Bookmark the permalink. 12 Comments.

  1. it’s a shame these corporate raiders will one day lose all of their investment following renationalisation.

    Like

  2. It is hard to believe that our so called government is allowing these things to happen right under our noses and we are scarcely aware of it. Full credit to Cairns News for publishing this information. Makes you do see if there will be any thing left in Australia owned by Australians.l

    Liked by 1 person

  3. Larry, what would be more truthful than vilifying Malcolm (for whom I
    worked and who came in with high ideals till Nelson R came to visit)
    would be to put Gough in your sights.

    Liked by 1 person

  4. Hi leslybird, Spot on! Re: “Was that a coincidence or convenient . I don`t believe in coincidences..” Me neither…no such animal lol

    Liked by 1 person

  5. No bloody mercy for Scott Morrison. He betrayed of all Australia without any empathy. Scott Morrison betrayed every single people. No MERCY for Scott.

    Liked by 1 person

  6. I reckon morriscum was following orders as set out by the nwo cabinet.. now albo will finish the job… Two wings of one beast the nwo…

    Liked by 2 people

  7. Politicians and associated bodies (Governor G. Etc.) should be fully audited every year and have to account for every penny they own. The public have a right to transparency from those who make decisions on behalf of all Australians. We pay their wages and have to trust them to do what is honest and right. Secrecy should never be an option!

    Liked by 2 people

  8. Kati said – “Why a royal commission?”

    In any real country, treasonous pedophile arseholes like Morrison would be dealt with by firing squad.

    I’d prefer to see globalist stooges like Morrison burnt at the stake – all done completely above board and legal like, of course. We are a civilised people, after all.

    Liked by 2 people

  9. Has anyone looked at the bank accounts for the members of the FIRB. While we were distracted with stories of China buying the farms, water rights and ports , locked down to keep us “safe” Morrison and compliant minions were busy feathering their own nests and to hell with ordinary Australians and their future. In 2020 the Morrison government passed new foreign relations laws which allow the Commonwealth the power to veto agreements with foreign countries struck by state and local governments, but not deals done with private companies. Was that a coincidence or convenient . I don`t believe in coincidences..

    Liked by 1 person

  10. If you have a think about what you wrote, it is not politicians selling off the farm because they never owned it.
    Whatever entities were sold were done so because owners and boards were deciding to do so, Foreign investment being under regulations overseen by ad you have mentioned, the FIRB.
    The farms as you might want to put it are still here in Australia, allbeit with different owners
    It might help you understand better if you think of the planet being a sphere and yes there is the term global economy, Australian funds bring used for international asset purchases.
    What a load of vovk you have written !
    And btw, Morrison was never secret anything !

    Like

  11. Why a royal commission? Ordinary Australians would go to prison for that. Insider trading, fraud, personal enrichment whilst in public office due to the use of his position(s), the list is endless.
    Does anyone actually looked into his tax declaration for this period yet? Just saying…..

    Liked by 2 people

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