Insolvency claims a record 14,716 businesses nation wide year end to June 2025
From Barnaby Joyce, National Party MHR for New England
Magicians aren’t magical they are just very tricky. They train for years to make you believe something that is merely a contrivance appear as a fact. If they are good they can make lots of money from their stage show.
Net Zero, with conjurers contriving they are bringing back the frosts, is making massive amounts of money. Unfortunately, things are really disappearing such as heavy industry and our standard of living. What the climate magicians want you to believe you are seeing is lower power prices and “renewable jobs”.
In the last week BlueScope Steel has said that energy prices at the level they are makes the Australian steel industry unviable. The price of energy in the USA is multiple times lower. Ampol has said that energy prices are putting massive pressures on one of the two last refineries in Australia. We just can’t compete with fully refined fuel from India.
Here are some more disappearing industries: Whyalla Steelworks is on its knees, operating under administration in South Australia. Tomago Aluminium smelter in the Hunter Valley, New South Wales, specifically lists the high cost of power and the cost of running a 24/7 plant on renewable energy as being the core issue of the pressure to close.
Nyrstar smelters, which in Port Pirie, South Australia produces multi-metals, and in Tasmania, zinc, are operating at substantial loses, listing tighter government environmental regulations as the reason. It is unclear how these smelters can compete with China which has cheap coal fired power. Qenos petrochemical plants in Sydney and Melbourne are in the process of shutting their doors and the last company making architectural glass panels has closed.
Australia now has the lowest share of manufacturing employment of any OECD nation.
What Australia, in this time of Net Zero magic has achieved, is business insolvencies surging to a record high over the past year. A total of 14,716 businesses fell into some form of insolvency in the year to June 2025, a 33 percent increase on the previous year, with construction and hospitality the two industries taking the biggest hit at 40%.
But the greatest magic of Net Zero is that people still believe in it! They believe that even though it has zero chance of doing anything to the whether it is worth it to “send a signal to the world”. What signal? That we are off our heads?
Where could we learn magic tricks like Net Zero? Well, these magicians who are getting paid insane amounts for their stage show seemed to have learned their craft in merchant banking. The taxpayer funded Capacity Investment Schemes underwriting their income is truly a rabbit out of the hat. But magicians never give away their tricks and the financial details of the Capacity Investment Schemes underwriting their intermittent power projects is the biggest secret in Canberra.
Lets talk what is real rather than the shit that comes out the arse of Politicians.
Fact I, The Governor General can only issue a Writ for a Federal Government to Govern for THREE YEARS! full stop! this means that a Federal Government can only enter into contracts that can be completed within the three years listed on the Writ,
Fact 2. which raises the question how did The South Australian Government sell the SA Power Distribution outright to Mr Ka-sheng’s Hutchison Whampoa group for $3,5 billion and that is NOT A LEASE it is forever? (also they do not have to maintain the infrastructure the SA people have to do that through their other taxes)
So, how does SA get their power back to being owned and operated by the people.
Simple, elect a group of people in the next SA election for the main reason to cancel the Contract to Mr Li Ka-shing, in the Westminster System of Government one Government cannot bind a following Government, Businesses doing Business with Governments and entering long term contracts should be aware their purchase can be cancelled as the then old Government has no forward power past the date assigned in the Writ, in other words buyer be aware!
Fact 3, Take Queensland Treasury’s ABN 90 856 020 239, and The Queensland Revenue Office, both have the same ABN 90 856 020239.
Fact 3, try and register your business with ASSIC and see how far you get,
As Usual one rule for us the public and another completely different one for Governments.
Rgds Sen Len.
How in Gods name is Australia expected to rebuild with Canberra wrapped like a toxic radioactive albatross wrapped around it’s neck
The whole human life cycle and that of animals and fish, and birds revolves around the cycle of CARBON, and OXYGEN, on the face of the earth, and all this Climate Confusion is designed to make earth’s surface unliveable for a period long enough to make sure we are all dead.
This attempt by governments is an actual attempt of their god, Satan/Lucifer to destroy God’s creation, whilst the elites live underground for 100 years in cities they have already prepared, and can rise up from again.
The real God has this battle already won for the ‘good’ side, and the disturbance you are living through now is just the cleanup of dregs of Satanic influence that are still battling for existence. They will be gone and dealt with shortly.
But we are still required to fight the good fight, as if we are all there are in this battle.
Carbon on the surface and in the air is critical to our existance and the efforts of those that disagree will soon be over.
Old Barnaby don’t look to well glowing under that had that’s never seen an honest day’s work in the bush, however barnaby is 100% correct regarding affordable energy. My thoughts go back to the primary source of production, the Green Black and Red tape to provide industry with the core product is the industry that needs protecting. No point having factories without local primary manufacturing materials.
When will we get politicians who can be on target instead of creating problems to then create a fake solution just before an election to protect the Fk wit sheeple voter bace.
Tell your friends & contacts that it is all a scam & that we breathe out just over 23% CO2 with every out breath so that with the incoming CO2 taxes this means we ARE being charged for breathing which is why Al Gore has developed the Sentinel Satellite system which can measure 24/7 sll CO2 emissions on every sq metre of land & ocean.
The instigators of this current collapse will not end up in a good place after this life.
Failing to pay taxes since 1999? &50 million seems to be on the cheap side don’t you think?
I lay the blame squarely on Labor, Liberal, Littleproud, and Greens for all of this. Pure corruption.
It is all part of the agenda of destroying Australians.
People are still talking about voting and elections while the agenda has rolled on unobstructed for far more than HALF A CENTURY!
The Lima agreement was 1975 and that was High Treason. deliberately off-shored our jobs and the net zero bullshit is the latest excuse to push businesses to the wall!
Current problem can only be solved by the people, angry with ropes and lamp posts. You cannot fix a system designed to destroy. You destroy that system.
Contrary to Chalmers last week, there is a silver bullet for productivity. Burn coal, take RE off the grid and LOWER the cost of power. See the Page Inst report!
Bill, better still, we should demand that each Parliament House and MP’s offices (State and Federal) are powered solely by wind and solar, especially in the heat of summer. That will test their commitment.
Barnaby should be looking at the retailers and their mega-profit margins and asking why these retailers who, like my retailer, do not generate the power, do not own the assets, and do not do the maintenance, yet will charge, like mine does, a $100:00 per month service to property charge, for the one wire coming to the block of dix flats that I live in.
These fees were granted when the privatisation happened, as a means of guaranteeing profits to the majority foreign-owned (Chinese, usually) companies that bought the assets.
The ATO is notorious for overstating tax debts, but how a foreign company can rack up such an amount is beyond me:
28 June 2013, 5:14 AM
http://www.businessspectator.com.au/news/2013/6/28/tax/power-companies-owe-750munpaid-taxes-ato
The Australian Taxation Office (ATO) has accused two Hong Kong-based firms that jointly own
Australian electricity distribution networks of failing to pay more than $750 million in taxes,
according to The Australian Financial Review.
The two firms, Cheung Kong Infrastructure and Power Asset Holdings, own 51 per cent of
networks in South Australia and Victoria and have been accused of failing to pay taxes going back
to 1999.
The ATO lodged documents in Federal Court in Melbourne accusing Cheung Kong of owing
$372,380,301 in taxes, penalties and interest, while Power Asset Holdings has been accused of
owing $387,425,569 in unpaid taxes, penalties and interest.
The remainder of both electricity distribution networks are owned by ASX-listed Spark
Infrastructure, which earlier this year disclosed tax disputes with the ATO over SA Power Networks
and Victoria Power Networks.
The SA Power Networks dispute involves rent instalments under land lease, labour and motor
vehicle costs, among other issues, while the Victoria Power Networks dispute revolves around tax
assessments for 2006 and 2007, the AFR added
Let’s give coal back to industry and let the data centers run on renewables.
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