Address: 140 Sussex Street, Sydney NSW 2000
by Andrew Mackinnon
Thanks a lot for reminding me of the machinations of the Labor Party. Since I share your contempt for the Labor Party and since this website posts comments made in good faith without censoring them like the mainstream media, it’s my great pleasure to share my perspective on your comment.
The Labor Party is enthusiastic about progressive income taxation when a flat rate of 20% on all income above the tax free threshold is what would be fair. Who wants to work more than one day out of five to support the needs of the nation via taxation? It’s not necessary.
(What is the purpose of progressive income taxation? It’s to maximise income taxation revenue. Why? The official reason is so that the money can be given to those with less via old age pensions and unemployment benefits (ie. Newstart). However, this can’t be the real reason because the old age pension in Australia is barely adequate and Newstart allowance is much less than adequate. So, what’s the real reason? It’s to fund government spending that funnels super profits to the private entities that the government pays to deliver its projects. An example is $50 billion to French entities for submarines. A huge percentage of that figure is gratuitous super profit – money for nothing. That super profit is paid for out of the income taxes of Australian citizens.
If the government doesn’t have enough income tax revenue to fund largesse like this, it doesn’t let that stop it from pursuing this scam that transfers wealth out of the public purse to private entities. It borrows money by issuing government bonds in order to fund its spending on projects so that the private entities delivering the project can receive their super profits and thereby increases this transfer of wealth. Now, taxpayers are not only on the hook for repaying the cost of the project out of future income taxes to the bondholders who lent the money to the government, they’re on the hook for paying the bondholders a yield of something like 5% per annum on the money that the bondholders have lent to the government. The government’s enthusiasm for increasing debt by issuing bonds is deliberate. Wealthy entities are keen to earn a guaranteed 5% yield on their wealth by lending to the government and the government is keen to make it happen by borrowing (for projects that transfer super profits to the private entities delivering the projects) because the government has been hijacked by traitors who are committed to making this transfer of wealth from the public to the private purse happen.
I know that the Liberal Party is famous for this financially traitorous behaviour and that the Liberal Party is responsible for the example above of $50 billion for submarines, however, the Labor Party does this also. The same principle applies.)
The Labor Party introduced capital gains tax in the 1980s which should be abolished. Capital gains tax is in direct opposition to property rights. If somebody saves up some money and then invests it in shares (or anything for that matter), they quite obviously don’t have full property rights to it because if they later sell it for more than they paid for it, the government wants a cut of the gain via capital gains tax. If they had full property rights to it, they could sell it and keep the full amount they receive for it without paying any capital gains tax.
The Labor Party introduced compulsory superannuation in the 1990s, which has resulted in a significant percentage (eg. 9.5/109.5 x 100% = 8.7%) of citizens income being compulsorily confiscated week after week after week. Employers don’t pay employees superannuation as a gift. Employees earn it via their work. The fact that employees endure this loss of what is their property – income that they’ve worked for, is more evidence of the Labor Party’s animosity and hostility towards property rights. Such hostility towards property rights is one of the ten planks of communism. Property rights is a biblical concept and is a foundation stone of western societies.
Regarding taking over private land like farming land, I have negligible expertise regarding agriculture, however my guess is that Labor’s enthusiasm for “vegetation management” laws is all about its animosity towards Anglo-Saxon farmers. My guess is that it’s not that Labor isn’t interested in agriculture. I think the problem for Australia is that Labor is hostile towards farmers of Anglo-Saxon ancestry – likewise the Liberal Party. My guess is that it intends to drive Anglo-Saxon farmers out of business via vegetation management laws so that it can obtain their land and then sell the land to China so that the Chinese can farm it. Why China? Because that’s who the Australian government has been selling a lot of land to. Why China? Because communism in China was establish by Jews – it’s not common knowledge, just like communism in Russia was established by Jews – also not common knowledge. With the United States and Australia both similarly under the thumb of Jewish rule, who has their manufacturing, land and who knows what else been sold out to? China.
(Natural News) As usual, the lying mainstream media is busy plastering up fake headlines all over the place about the latest mass shooting incident that took place in New Zealand, describing the alleged shooter as a “Trump-supporting white supremacist” who hates Muslims for being brown. But the guy’s own 1,500-page manifesto, which Big Tech is actively trying to scrub from the web, by the way, tells a much different story.
Far from being a rally-attending apologist for President Donald Trump like the fake media is now claiming, 28-year-old Brenton Tarrant, the man whom Australian media outlets have named as the shooter, is a self-described “eco-fascist by nature” – meaning he’s a Leftist that’s more aligned with Democrats than Republicans.
Tarrant clearly wrote in his rambling manifesto, in response to a question he apparently posed to himself, that he certainly does not support President Trump.
“As a policy maker and leader? Dear god no,” were Tarrant’s exact words, unequivocally indicating that, contrary to fake news claims, he likely wouldn’t be caught dead wearing a MAGA (Make America Great Again) hat.
Tarrant’s diary goes on to reveal that he’s anything but a conservative, and is actually more aligned with radical domestic terrorist groups like Antifa. In response to another question he posed to himself about where he aligns both politically and socially, Tarrant had this to say, in no uncertain terms:
“The nation with the closest political and social values to my own is the People’s Republic of China.”
In other words, Tarrant is a full-fledged communist, just like Democrat Darling and failed 2016 presidential candidate Bernie Sanders, who actually grew up in communist China and has had nothing but positive things to the media as “good.”
Brenton Tarrant says his intent was to spark civil war in America, claims Candace Owens “influenced me above all”
As to why Tarrant decided to carry out this particular attack, his manifesto reveals that one of his primary aims was to “create conflict” between opposing ideologies in the United States as it concerns legal gun ownership. His apparent hope was that this ongoing battle over the Second Amendment would result in another civil war, which he believes “will eventually balkanize the U.S. along political, cultural and, most importantly, racial lines.”
Tarrant also bizarrely credited conservative pundit Candace Owens for being the person that “radicalized” him and “influenced me above all,” further describing Owens as someone whose insights and views “helped push me further and further into the belief of violence over meekness.”
Keep in mind that Candace Owens is a black woman, which suggests that Tarrant isn’t doing a very good job at being the “white supremacist” that the fake news media is claiming he is. Further, he describes himself as transitioning from communism, to anarchism, to libertarianism, to eco-fascist, which further suggests that he’s not quite stable in the noggin.
But almost none of this is being reported in the mainstream news, as fake headline after fake headline pushes the narrative that Tarrant is no different than you’re average Trump supporter. Even worse are the escalating Leftist dog whistles against white people, conservatism, patriotism, and gun rights – as if some deranged New Zealander has anything to do with these things here in the United States.
Had this incident been inverted, with a deranged Muslim storming into a Christian church and murdering several dozen innocent people, you can be sure that the mainstream media would be working overtime to conceal the shooter’s ethnic and religious identity. And anyone who actually told the truth in this hypothetical scenario would have been immediately labeled “Islamophobic.”
But because the shooter in this case has lighter skin and doesn’t claim that Allah is God, fake news outlets are having a heyday branding him with all sorts of anti-white, anti-Trump stereotypes in an attempt to foment more Leftist rage against Caucasians, while simultaneously fueling anti-Second Amendment sentiments.
“It’s like clockwork,” wrote one commenter at The Gateway Pundit about the fake news media’s tired and obvious tactic of exploiting tragedies like this to promote their anti-American agendas.
“The left immediately exploits tragedy and horror as a tool to bludgeon their opposition and critics and promote their agenda. The dead and dying have not even been moved from the scene before they start in with their hateful ideological harangue. They don’t mourn the victims, they cheer the political potential of their demise. That isn’t just sick, it’s evil.”
by Alex Bruce from the US
The Globalist lineage of the Bush Crime Family goes back to Samuel P. Bush, grandfather of the recently deceased George Herbert Walker Bush and lifelong associate of the Rockefellers and the Harrimans, in the railroad and banking industries and as a board member of the Federal Reserve Bank of Cleveland.
When his son, Prescott Bush wasn’t investing the funds of Nazi financier Fritz Thyssen at his Wall Street firm, he was leading a group of wealthy industrialists in the 1934 attempted coup d’état against Franklin Delano Roosevelt.
The “Business Plot” coup was quashed by Marine Corps General Smedley Butler, who wrote the book, War is a Racket, in which he described this criminal corporatist element within the US, of which four generations of the Bush family have been exponents. They skated in the 1930s and skated again, in the 2000s, when they hatched the 9/11 plot and took profits from the massive war economy that they’d created with no-bid contracts.
Over the course of three decades, the Bushes and Clintons worked like a fine-tuned tag team, setting up China to become the next global superpower. Though ostensibly political rivals, the Clintons had been inducted into the Bush crime family during the 1980s, when a small airfield in Mena, Arkansas was used in the transport of CIA cocaine.
Prior to his appointment as Director of the CIA, Bush Senior was made Chief of the US Liaison Office in Beijing in 1974. This was during the era just before formal diplomatic relations were established between the US the Communist Chinese government.
In 1993, Bill Clinton granted “Most Favored Nation” status to China, paving the way for the wholesale offshoring of US manufacturing.
During the Obama Administration, Hillary Clinton’s infamous homebrew server was intentionally left open to hacking, in order to allow the Chinese penetration that obtained a copy of nearly all of her emails during her tenure as Secretary of State.
This is but the most infinitesimal tip of the iceberg of the drug-dealing, warmongering, Globalist-grifting and depraved criminality practised by this junta. No members of the Bush-Clinton Crime Family have been charged for their endless felonies and treason. Is this about to change?
Running Time: 9 min
KAP Leader and Federal Member for Kennedy Bob Katter slammed the Government on foreign ownership in Parliament yesterday asking if there will be a new regime to stop selling Australia, or is it business as usual, Australia for sale?
Tensions mounted as Mr Katter listed the major foreign owned or run companies, stating that free trade means jobs exported, cheap labour imported.
“The biggest farm in Australia ‘Van Diemen’s dairys’ is 0wned by China, the 2nd biggest ‘Cubbie’ owned by China, the biggest grain farms ‘Nicoletti’ owned by China, biggest farming aggregation ‘Kidmans’ controlled by China, the biggest of all, ‘Ord stage 2 & 3’ owned by China, Australia’s most strategic port, Darwin owned by China, Taxi Hire industry Uber foreign owned, the car manufacturing, glass, textiles, petrol, whitegoods – all gone overseas,” Mr Katter said.
“What has free trade done for us? It gave away the entire coal seam gas reserves of this nation; $23 billion a year was given away. We gave it away for six cents a gigajoule and we bought it back for $16 a gigajoule. In fact, it is cheaper to buy Australian gas in Tokyo and bring it back to Australia than to actually buy it in Australia. That was a magnificent free-trade deal.
“We freed up the wool industry–oh, what a magical achievement; it is now costing the nation $16 billion a year. Ethanol: ‘Oh, we must have a level playing field; we must have a free market.’ So while Brazil produces ethanol and provides a $4 billion cross subsidy to its sugar industry, we’re ‘free trading’, so we import $23 billion worth of petrol every year instead of producing one litre of petrol of our own, which, of course, we could do tomorrow with ethanol.
“Oh, and we wiped out the entire manufacturing industry of Australia. The car industry alone was $25 million a year. Just in coal seam gas, wool, ethanol and motor vehicles, we have lost $40, $50, $60, $70 billion in just five items.
“Do we have a new regime that won’t continue to sell off Australia, or is it business as usual – Australia for sale?” Mr Katter said.
Dairy, citrus, potato, pineapple, prawn, fishing industries, motor vehicles, pulp, paper, fibre, fuel, plastics and more finished, now sugar
HINCHINBROOK MP Nick Dametto has urged the Federal Government to stand up for Australian cane farmers after India’s decision to dump millions of tonnes of subsidised sugar on the world market.
The Katter’s Australian Party (KAP) MP, whose electorate is home to a sugar industry worth more than $300 million a year, said India’s actions were a kick in the guts for local cane farmers.
“This is a disgraceful decision by India at a time when our producers are already dealing with a poor world sugar price below the cost of production,” he said.
“It is not a level playing field when India’s sugar industry is getting the equivalent of an $850 million government assistance package, including help to export their product,” he said.
Mr Dametto’s call for action was backed up by KAP leader and Federal Member for Kennedy Bob Katter who was also furious at the situation.
“Our country will not survive continuing to be what economist Trevor Sykes called the “only virgin in the brothel,” Mr Katter said.
“Most of my last speeches in Parliament have been what I’ve hoped are fierce attacks upon the hypocrisy of free trade; upon our industry representative organisations particularly in agriculture.
All we’ve got out of these bodies in Canberra is a clapping of hands for every free trade deal.
“What country on earth free trades?”
Mr Katter also cast doubt on the willingness of industrial countries like China or India to be transparent when it came to playing by the rules on free trade.
“Does anyone seriously believe that China or India free trade?” he said.
“The damage done by deregulation has been colossal. The damage was done by national Liberal governments. The National Competition Policy was forced upon the states by the Federal Government. I know this because I was then in that Federal Government and this was one of the major reasons I left.
“Before deregulation, the sugar producer was receiving $473 a tonne and the price to the consumer was $1040 a tonne (104c per/kg). A mark-up of around 100 per cent.
The “current price” to the producer is $317 per tonne and the price on the shelf is $1750 per tonne ($1.75 per/kg). That’s nearly a 600 per cent mark up.
“The supermarket chains have said “thank you, we love you Mr Government. You have enabled us now to charge the consumers a 600 per cent mark-up instead of a 100 percent mark-up”.
“American farmers get paid for sugar around $600 a tonne, French farmers’ $700 tonne, Thailand farmers around $450 a tonne, and Australian farmers, $317 a tonne. We have the most poorly paid sugar farmers in the world and that is the outcome of government free-market policies.
Mr Katter said free trade had ravaged multiple agricultural industries in Australia, pointing to the US Free Trade Agreement as an example.
“The American free trade deal was about dairy, beef and sugar. The value to dairying was quoted as one free ice-cream a week for each farmer. The cattle industry has always had a fairly good deal on access and the sugar industry was wiped like a dirty rag. It got nothing.
“Mark Vaile, the then National Party Minister for Trade, said before a negotiations started, “There would be no deal unless sugar was included”. To call anyone in the National Party a liar is not really correct, they are actually jokes. They are not the beer in the bottle; they’re the label that tells you how good the beer is.
“When Tony Abbott rose to his feet to congratulate Andrew Robb on securing the free trade deal with China, all the Liberals and their flunkies – the Nationals – stood up and gave a standing ovation. I said to the MP next door to me, “Abbott just wrote his own death warrant”.
“A couple of months later, he was gone.
“What they don’t tell you on beef, is yes, you can get beef into the US free of tariffs (around two per cent), but the USA beef subsidy is around 30 per cent. Under the Free Trade Agreement, it stays.
“The subsidy in India on ‘fertiliser alone’ was, when I last looked, $2.3 billion a year. The Indians believe in cheap food for their people, and quite rightly so. The ALP and LNP believe in free trade – yeah, for the supermarket giants.
“But clearly not in cheap food for the people.”
from The Australian
China‘s communist government could soon own an Australian airport after paying just $1 for a 100-year lease on the land.
The state-owned China Southern Airlines partially owns Merredin Aerodrome, 260 kilometres east of Perth, and has control of the runways, hangars and the control tower.
However, this Chinese government company could soon own all of the country airport less than 25 years after it secretly paid the West Australian government $1 for a 100-year lease, The Australian reports.
Entrepreneur Dick Smith, who is also a former chairman of the Civil Aviation Safety Authority, said this was the first time a foreign power had owned an Australian airport.
‘It is outrageous that an Aussie pilot can’t go to a country airport without getting approval from the Chinese to land there,’ he said.
‘I’ve never heard of this happening anywhere.’
China’s biggest airline presently owns half of Merredin Aerodrome and may soon own the entire airport, despite recently shutting down its pilot training school because of safety concerns.
Anyone wishing to land at this airport must obtain permission from China Southern.
by Gil Hanrahan in Townsville
The next time you are forced to submit to a roadside breath test and drivers licence check, do yourself a favour and ask the policeman to give you the used breathing apparatus which you placed between your lips.
Otherwise you have just provided a DNA sample to the cops without your knowledge or consent. The cop then surreptitiously correlates your licence data from the hand-held reader with the saliva on the breath tester.
The DNA sample is sent off for testing and the results stored in the vast electronic data banks held in Roma Street police HQ and the Main Roads Department.
Do you trust big brother with your DNA?
The Activist Post has revealed the level of citizen surveillance in China today with this worrying trend emerging in Queensland after the emergence of numerous, roadside infa-red cameras on the Kuranda Range and overhead surveillance cameras such as being erected east of Mareeba on the Kennedy Highway.
Australia has developed a massive facial recognition data bank
Nearly 80 per cent of people over 16 hold a drivers licence and 55 per cent have a passport. More than 600,000 citizens have a photographic gun licence in Queensland.
Justice Minister Michael Keenan told News Corp that passport photos would be accessed(for the data bank) in the coming months and drivers licences would be tapped into after ongoing discussions with the states were finalised.
If talking to you, individual police officers are recording your image and voice on their body cameras (without your consent), the data from which can be stored along with your DNA from the breath or drug saliva test.
In response to a query about newly installed roadside cameras in North Queensland, the Main Roads Department advised Cairns News:
“The fixed roadside cameras on Flinders Highway, near Woodstock, are Automatic Number Plate Recognition (ANPR) cameras.
We use this state-of-the-art technology to collect information about travel patterns of vehicles using the road.
The cameras take an image of all passing vehicles.
Infra-red cameras and illuminators are used to automatically capture the registration number, date and time of passing vehicles, providing statistical data on travel times, volumes and vehicle types.
ANPR cameras are strategically placed at key locations to provide:
- Journey time,
- Congestion information,
- Origin and destination information, and
- To monitor the use of the network by heavy vehicles.
Collected data helps us understand vehicle movements, plan for future improvements and achieve efficient control and management of the road network.
The cameras are also used to detect unregistered and uninsured vehicles.
Only authorised officers, including Queensland Police and TMR Transport Inspectors are able to access information from the ANPR cameras where an offence is suspected.”
The reply did not include the camera’s ability to photograph each occupant of the vehicle in high resolution.
Now we have biometric identification rampant on every street corner and road checkpoint in China and most of Queensland’s main roads.
Liberal Prime Minister Malcolm Turnbull reveals the covert plan to digitalise and record the images of every person living in Australia, a plan Current Affair interviewer Tracey Grimshaw labelled the “New World Order.”
China Accused of Using Biometric Surveillance to Send Thousands to Political Detention Camps
By Nicholas West, Activist Post
As we continue to chart our path down the slippery slope of biometric identification for human beings, we’ve had to speculate about how far we could slide. Well, it appears that China is providing an early example that we would all be wise to take notice of.
It is now a fact that nearly all areas of the modern world have adopted some form of surveillance camera apparatus. Meanwhile, biometric identification technology has advanced to a degree where it’s now possible to merge the two and create not only a pervasive surveillance network, but a nearly real-time identification system that police can use to act upon.
Back in May I highlighted a Russian company called NTechLab that combined CCTV cameras with the vast database of Russian social media giant VKontakte with 300 million users. Using its FindFace system, they announced that they could not only identify people by using facial recognition, but that their system had advanced to integrate emotional identifiers. They claimed a 94% success rate in being able to detect markers that indicate stress, anger or anxiety. The company believes that the merger of these technologies would be a natural fit for surveillance cameras to aid police in pre-crime detection.
Meanwhile, the U.S. has implemented its own pre-crime detection programs in many locations. Additionally, the U.S. was revealed to be one of a number of countries who were using facial recognition billboards to identify political persuasion and manipulate people’s views. It’s called Neuropolitics.
This got the “conspiracy theorists” to wonder what might happen if the biometric surveillance state that was emerging might start using both sides of the technology as a form of political identification and even punishment.
It didn’t take too long for China to confirm that this conspiracy is now a reality.
Back to Bolted-Down Industries
by Viv Forbes, Science Writer
Once upon a time Australia was attractive to processing, refining and manufacturing industries using our abundant mineral and food resources, our reliable low-cost coal-fired electricity and a workforce trained in technical skills.
Our last oil refinery has closed, leaving just 3 weeks supply of refined motor fuel in the country and for the first time in at least 60 years Australia no longer produces motor vehicles. China and India have about 430 coal power plants under construction but Australia has not built a single coal-fired power station for seven years – some politicians even rejoice when they manage to close and demolish one. Brisbane’s new trains are being made in India, Victa mowers are made in China and most coastal shipping died decades ago. Steel works and refineries producing aluminium, copper and zinc are under stress. All these industries are being pushed overseas by costly unreliable electricity and other government barriers and burdens.
Red-green policies being pushed by all major parties are making Australia more dependent on bolted-down industries such as mining and farming that can’t be sent overseas because their basic resources are here. And green opposition to nuclear power increases Aussie reliance on coal.
A century ago Australians relied on wool, wheat, gold, silver, copper, lead-zinc, butter, beef and timber – all products of bolted-down industries.
Red-green policies are pushing us back to those days. Politicians need to remember Newton’s Law of Bureaucracy – whenever the government tries to use the force of law to achieve economic goals the long term results will be equal and opposite to those intended.
So in the long run, red-green energy and environmental policies will make us more dependent on the industries they now attack – mining, farming, forestry and fishing.
Construction of new coal-fired power plants is increasing in at least 35 countries:
Asia is returning to Coal:
Greens Disappointed by Economic Growth:
S. Kidman & Co Ltd has pastoral leases covering 101,000 square kilometres in three states and the Northern Territory. Kidman cattle stations produce grass-fed beef for export to Japan, the USA and South East Asia.
20 April 2016: KAP Leader and Federal Member for Kennedy, Bob Katterhas today expressed his disgust at the LNP Government delaying the decision to sell off Kidman and Co to the Chinese until after the likely Federal election on July 2. He has warned Australians that the LNP will sell off our country – the question is ‘will it be before or after an election?’
“The Government can ‘kid’ some of the people some of the time. They can ‘kid’ some of the people all of the time. They can ’kid’ all of the people some of the time but they can’t ’kid’ all of the people, all of the time!” Mr Katter said.
It was reported today that Treasurer Scott Morrison has avoided making an election issue of the Kidman & Co cattle empire sale to the Chinese by delaying the decision until after the election. The $371 million sale of Kidman & Co cattle empire in the N.T equates to roughly 1.3 per cent of Australia’s total land mass.
Mr Katter said, “Anyone who would accept this cynical manoeuvre by Scott Morrison is not a patriotic Australian. You absolutely know that the Government is going to flog off a giant pastoral area in the Northern Territory to the Chinese.
Why did foreign powers in the forties try and invade us, when you can just simply buy us? And the LNP and ALP are selling us very cheaply.”
Mr Katter recalls a front page of the Australian Financial Review last November as a canary in the coal mine for Chinese buy of Australian agribusiness:
“On the front page of the Fin Review (9 Nov 2015) there’s Josh Frydenberg with the Chinese port owner handing out $5 billion, ‘Foreign investors tempted with $5b Top End development loans’ was the heading.
Please… fellow Australians wake up and stand up. The LNP and ALP are selling out your country from underneath you. You will have no resources that can earn you any money and you will be under the iron first of Chinese corporations, almost all of who are controlled by the Chinese Government.
Anyone who thinks the Kidman purchase is where it‘ll be stopping, believes in the tooth fairy.”
Selling Kidman pastoral empire to the Chinese is ‘complete madness’, say Dick Smith, Ian McNamara and Bob Katter
Dick Smith says Australia’s agricultural land is becoming more valuable and should not be sold to foreign investors.
by Matthew Cranston AFR
Australian entrepreneur and aviator Dick Smith has called the imminent sale of Australia’s largest landholder S.Kidman & Co to a Chinese company an act of madness and says that with the value of agricultural land rising, Australian super funds should be competing to buy the cattle stations.
Speaking from his 1214 hectare property outside Canberra, Mr Smith, who funded the first major book on his “hero” Australia’s greatest pastoral king Sir Sidney Kidman back in 1987, said he was shocked that Australian investors could not compete with foreign investors.
“I am totally opposed to a sale to the Chinese. It’s complete madness,” Mr Smith told The Australian Financial Review.
“Farming land is going to be incredibly valuable – it is going to generate a lot of wealth into the future so you don’t want all that wealth creation to go overseas.”
Pengxin chief executive Andy McLeod and Gary Romano chief executive of Hunan Dakang Pasture Farming Co
S.Kidman & Co, which has cattle station holdings covering 11 million hectares, was placed on the market for sale in April last year with EY. The company was expected to sell for more than $325 million.
Chinese group Shanghai Pengxin, which has successfully purchased large farming properties in New Zealand where foreign investment rules are much stricter, was S.Kidman & Co’s preferred bidder for the business.
But the sale was prevented from going ahead late last year on the grounds that part of the landholding was within the Australian Defence Force’s so called “green zone” – the lowest security rated area of the Woomera rocket range.
The land that was within the security area, namely the world’s largest cattle station Anna Creek, has since been carved out of the overall S.Kidman & Co portfolio of land, allowing for the sale of the remaining business.
However Mr Smith said using the security concern as a reason to prevent the sale was a “furphy”. “I really don’t understand why the major parties are ok with still selling it off. Nine out of 10 people I speak to are opposed to it.”
Other Australian investors have been enthusiastic about buying part or all of the S. Kidman & Co landholdings including transport magnate Lindsay Fox.
Mr Smith became one of the top ten shareholders in Australia’s second largest landholder – the Australian Agricultural Company – back in 2012 because he didn’t want to sound like a hypocrite for suggesting that Australians compete with offshore buyers for our agricultural land. He still has that shareholding.
“The Australian super funds surely they could buy Kidman. Even the prime minister could put in $1 million, I could match it and put $1 million in.”
At the same time that Mr Smith opposes the sale of S.Kidman & Co to the Chinese company – he is also against the sale of Australia’s largest dairy farmer known as the Van Diemen’s Land Company. That company is currently owned by a New Zealand local government but is about to be sold to a Chinese businessman Lu Xianfeng.
“Don’t get me wrong if that Chinese businessman wants to be an Australian citizen and bring his money in and live here and have his wife become a member of the Country Women’s Association and he becomes a member of the Rural Fire Brigade then he should be allowed to. But selling to offshore is just wrong – you may as well not have borders.”
The Chinese based company looking to buy S. Kidman & Co – Shanghai Pengxin is controlled by Hunan Dakang Pasture Farming – a $3.4 billion listed company, majority owned by billionaire Jiang Zhaobai. It has been looking to add beef cattle to its agricultural operations.
On Tuesday, the Board of Hunan Dakang announced that its chief executive Gary Romano had resigned. It is understood that Mr Romano would continue as a strategic adviser for Dakang in Australia and on the company’s S.Kidman & Co transaction.