How our politicians have let the Treasury keep us poor and
insecure
By definition a treasury is the custodian of a nation’s money and
accountable for its security. But Australia’s Treasury have made it
their business to usurp the control of all the nation’s sensitive areas
– See Charts 1 and 2. So they are in complete control. They have allowed
us to fall into the hands of money manipulators. They receive their instructions
to suit the plans of foreign enterprise, not the requirements of our
government.
Giving tax and tariff benefits to foreign enterprise creates a situation
of unfair competition and forces Australians out of business. Clearly this
is treason.
For generations our MP’s have done nothing to restrain them, and allowed
our Treasury to neglect their real responsibility.
When you next go to the ballot box, remember that this has been tolerated
for generations by the Liberal Party, the National Party, the Labor Party
and the Democrats. In so doing, they have also committed treason. In not
working for the interests of the country, simply taking orders from our
Treasury.
It suits the Treasury’s takeover plans to keep us poor and to maintain
a colonial rule.
As far back as 1989 the Commonwealth Auditor-General stated (“The
Australian”, 16th February) “that 40,000 companies may be avoiding
tax by shifting profits offshore.” What has the Treasury done to fix
this problem? Nothing!!
As recently as 3 April this year, Jim Killaly, Deputy Commissioner of the
ATO, said on ABC Radio National: “There are 4,300 large foreign corporations
that pay no tax in Australia, and there are another 4,000 or so foreign companies
that pay little or no tax in Australia by means of transfer pricing and various
tax havens.”
Mr Costello, the Treasurer, has been trained as the “runner” for
the Treasury Department.
Austand asked Mr John Bradford, Federal Member for McPherson to ask the Treasurer
why foreign ownership figures in all market segments were stopped in 1986.
When this question was due to be asked in the House, Mr Bradford was suddenly
sent to South Africa, and the question was answered in writing. The Treasurer,
rightly so, said that the total figure of foreign ownership was being published.
Mr Bradford had left off the vital words “in all market segments”.
Austand has proof that the market segment figures were stopped in 1986. So
the Treasurer misled Parliament. Austand was told back in 1990 that the reason
for the cancellation of these figures was to stop further publication of
the gold figures. Our informant in the Treasury told us that the Treasury
was very sensitive about gold figures. We did nothing about this at the time,
but it does indicate that the Treasury were trying to cover up the dealings
in gold.
As you can see from the chart opposite, the Treasury control the Mint, ABS
Research, Tax, Productivity, the ACCC, Insurance, our Super-annuation, Business
Affairs and National Competition. Plus the many other areas illustrated.
The Australian Competition and Consumer Commission is currently investigating
Telstra. We can make no comment about that, but a clear example of the
Treasury’s loyalty is that in a letter to Mr Evans on 15 September,
1995, we requested that the unfair competition created by Australians paying
tax and foreigners paying little or no tax, should be investigated. We attempted
to do this by contacting the Trade Practices Commission ourselves, but for
very obvious reasons we were told that it would be difficult. (This same
letter contained many other anomalies and it still remains unanswered.)
The media does not get a mention on the Treasury’s list of activities.
But Austand can produce substantial evidence to show that the Treasury are
in control of the media – particularly the ABC – as they are their
paymaster. And of course, the foreign-owned media. For the greater part of
this year, we have been suggesting to the Government that shares in Fairfax
be made available to the Australian public so that we have a forum to air
the views of Australians. We received no answers to our communications and
obviously it was subject to Treasury discussion and they would stop it, because
it would break their chain of control which is important to their plan of
running Australia.
Most nations change their Treasury personnel every few years. Simply because
people handling money become too important in the scheme of things and interfere
with other facets of a nation or company and neglect their real function.
It is time that we flushed these people out of their mahogany foxholes. The
new breed of politician coming up after this next election, we hope will
enter parliament and have the guts to rectify many of the problems of the
nation, all centred around the Treasury Department, by taking away from them
all the other responsibilities except that of keeping our books.
The Treasury is headquartered in Canberra. At June 1997 the following
staff members were employed:
Department numbers: 500
Tax Office: 18,000
Bureau of Statistics: 4,000
Reserve Bank: 1,300
Superannuation, Consumer & Competition Industry
Commission 1,200
Total: 25,000
In addition to this, they effectively control, through various agencies,
every sensitive area in Australia: media, money, tax, research, banks, and
even our superannuation.
They alone approve any major changes in these areas. On these occasions they
establish a so-called ‘parliamentary committee’ with a hidden agenda
(in the case of the Wallis Enquiry, and the MAI and others). Simply to make
it appear that justice has been done, and to cover up that they are running
Australia.
Austand has proved beyond any doubt that we have been swindled by the Treasury,
and will continue to be as they are not accountable to the people of Australia.
(Read “The
Great Australian Swindle” in this issue of “OZNEWS”.
We publish it as often as we can so that people will remember it.)
The Treasury Department is a massive organisation. The people who run it
and consequently run our country, are from all parts of the world, and have
strong interests in Australia. For obvious reasons they are never up front.
It is unusual that the top man in the Treasury, the go-between for foreign
interests and the Australian Government, is a Secretary – a very low-ranking
title for a man who is doing far more than a secretarial task. The reason
for all this, of course, is obvious. But our politicians appear not aware
of these circumstances.
We at Austand hope that when politicians realise how they are being hoodwinked,
they will not jump to the tune of the Secretary of the Treasury.
100 years or more ago, the Treasury were the accountants for foreign enterprise
and progressively took over the financial control of the Australian government
as we have described. But naturally they were more interested in the foreigners
than they were in Australia, because that is where their income originated.
Had some of the early politicians had the sense to realise what was happening,
the Treasury should have been called up and told that they were working for
Australia now, not foreign enterprise – but obviously this never happened.
It was at this point where the real rot started. Without any authority (we
cannot find any authority being issued on record), they assumed the role
of “bestowing naturalising status” on incoming foreign enterprise.
This gave foreign enterprise tax holidays and tariff concessions that were
not available to Australians. Only a handful of Australians were aware of
this subterfuge, and of course it was never published in any way. It was
a secret. We were committed to this. Although politicians of that time should
have known about it, and probably did, they did nothing. Nor did the politicians
following them.
And this drain on the Australian community was massive, particularly when
competition began between Australian and foreign companies.
The ‘bestowing of naturalising status’ continued until the Treasury
were forced into a situation where they had to legalise it. But unfortunately
the Treasury prepared a document that introduced to Australia the Double
Taxation Agreement Bill. No doubt they consulted foreign enterprise and we
were placed in a more unfortunate position. The Bill was opposed by Clyde
Cameron, AO, who vigorously pointed out that this would be the end of Australia,
and he was right.
Even he at that point in 1953 did not know that we had been running a country
on Australia’s PAYE tax for many years. Therefore it was not to make
an immediate difference to our performance until masses of transnationals
were let into our country, regardless of the initial objections of the Foreign
Investment Review Board which was set up to prevent this, but its role was
surreptitiously reversed by our Treasury. As more and more transnationals
took a free ride in our country, Australians suffered more and more. This
is of course proved by the latest available tax figures from 1995-96: (ABS:
Taxation Revenue, 5506.0, page 13)
[See Page 8 for full extract from ABS document]
And no politician since that time has done anything about it, nor, of course,
has it been publicised by the foreign-owned media.
This is the crux of Australia’s problem today, and the reason we have
never been a rich nation in control of our development in finance, planning
and execution. The Treasury is still in control.
When any new organisation of any consequence came to our country, they
‘bestowed naturalising status’ upon them. This was a code word,
so that it was kept in their club. The very word “bestow” indicates
how long ago it was.
As the writer I feel very sad for the many Australians who fought for our
country in far off lands – and now have to battle all their life in
business.
Remember this entitled foreign enterprises to tax and tariff holidays. So
in effect, the Treasury was keeping us poor. Foreign enterprise did the
developing, pocketed the profit and did not pay tax.
This has proved two things – that what we have said is accurate and
is there any wonder why we cannot finance the development to maintain a
worthwhile nation. All the previous figures have been available to politicians
for years. They have sat in Parliament and watched the money go out of our
country, and done nothing about it. This makes their actions treasonable.
Every year, according to ABS - Austand estimates, a minimum of $200 billion
leaves Australia tax free.
This is what you must remember when you prepare to vote this year –
the people who have represented you have made promises knowing full well
that increasingly the Nation doesn’t have the income to honour those
promises. This could have been stopped probably in the order of 100 years
ago. The Treasury have been orchestrating this and have known this to be
the case. As our accountants they should have come to us and said this cannot
go on.
The reason the Treasury hasn’t said anything is because their loyalties
lie with the transnationals and they know that as long as they increase the
debt, they have a stronger hold over us. Day by day it becomes easier for
transnationals to come in and do whatever they like. It is easy for the Treasury
to continue in their destructive mode.
The Treasury quite simply hand any development to the transnationals before
it gets to the Government itself. It must be understood that the Treasury
Department are essentially our book-keepers – what the hell are they
doing involving themselves in all these other areas?
Austand holds CIA documents which are currently being sent to the smaller
Australian companies, skilfully threatening them into insecurity if they
don’t join up with transnationals: the last phase of the takeover.
It was the Treasury Department that introduced the “level playing
field” that destroyed our manufacturing industry and many others. It
was the Treasury that imported the IMF and the
MAI, and it was the
Treasury that made it necessary for us to borrow money.
It is the Treasury who has planned the sell-off of our assets – forcing
Australia to buy assets which already belong to our country – under
the misleading title of privatisation. Very rarely do Australians get any
reasonable proportion of the shares in these sales – and of course the
income. It makes most Australians feel ashamed when we think of the things
that we have developed, such as the Snowy River Hydroelectric Scheme and
many others – all on a shoestring – with Australian money –
to see them sold off to transnationals. The privatisation of our only
Australian-owned bank – the Commonwealth – leaves us without an
Australian bank.
Ladies and gentlemen we should tell you that treason is a very serious crime,
and up until a few years ago it was punishable by death.
Our current account deficit is still accelerating and now you can quite easily
see how this has happened. We are entitled to know what interest rates we
are paying to whoever is lending us the money. This is not known to us –
the loan has probably been transferred to the IMF. Certainly for Mr Ted Evans,
who worked eight years for the IMF before returning to Australia, it would
be a passion of his to do the transferral.
(Mr Edward (Ted) Evans is Secretary of the Treasury Department. He was born
in Ipswich, educated at Ipswich High School and received a B.Econ (Hons)
from the University of Queensland, and was Executive Director of the IMF,
Washington USA from 1989-1993).
Clever manoeuvring by the Treasury Department has got rid of all our major
service industries - orchestrating their amalgamation with transnationals.
The same with our research organisations, accounting firms, our legal firms,
our PR and advertising firms. They don’t exist today because methodically
our Treasury Department, acting treasonably, gave the Government business
to their friends from overseas and they made the profit and they kept the
profit, and they were competing with the remaining Australians who were paying
their taxes – the transnationals were not.
A book has been written on this subject. (Read “Lucky Be Damned”,
first published in 1993 by Boolarong Publications, reprinted in February
1994. IBSN 0-8463-9162-5)
It was the Treasury, ladies and gentlemen, that fired our elected Government
because they dared to interfere with their overseas borrowing arrangements
with foreign money manipulators. The media – which they control –
made Rex Connor the scapegoat.
The Treasury controls our media to such an extent that a trained reader can
tell when an article has been dropped in by the Treasury’s PR people,
to carry their vicious stories. This is one of the things that must be changed.
You only have to ask yourselves, having read this, why the real facts of
what is going on in your country have been suppressed and it’s time
that this was stopped. There are ways to do it and it must be done. If the
people don’t know what is going on we are caught in a web. A web that
is about to drag our country into oblivion.
Remember that most Treasuries throughout the world are changed over every
few years so that the people who get power hungry when they control the money
and assume the role of the boss cannot do a lot of harm. This also applies
in the commercial world.
Our Treasury, I repeat, our Treasury, only changes through natural attrition.
And here is the result. They must be flushed out of their mahogany foxholes
and the responsibilities that they have hijacked, passed on to the proper
authority in the Government. This will save an enormous amount of money and
give us a chance to run our country economically and tell the money manipulating
IMF to back off.
Austand asks every one of you, in these coming elections, to say to your
politician:
Where are you going to get the money from, mate? Unless transnationals pay
their share of tax, we are gone. And all the promises you are making cannot
be kept without selling more of our assets, committing us to problems and
our financial demise. It’s not too late if every Australian stands up
and points out that life can be good for a politician when he has money to
do things and help people. What right have the IMF got to tell us to send
billions of dollars to other countries, when our hospitals are unable to
assist people requiring urgent treatment, and we ourselves are poor?
Gold. Austand established an informant in the Treasury who is keeping us
in contact with what is going on and at the same time as we were by our informant
that $80-100 billion was going out of the country tax-free, the informant
said “you should also know that the Treasury are very, very sensitive
about gold”. They delayed the Market Segments Report which was normally
published at the same time as the Total Foreign Ownership. Our informant
said with a bit of a chuckle that the gold figures were delayed for four
years while they discussed the order in which it should appear in the Report
and they were inclined to put it in the back so that there would be less
chance of it being noticed. But finally after four years, in 1986 the Australian
Bureau of Statistics published the last of the Market Segments Reports, while
they continued on with the Total Foreign Ownership. Obviously this sensitivity
needs more investigation. It is interesting to note that we had Mr John Bradford
MP ask the question in the House why was this section of the report deleted
after 1986. Unfortunately Bradford’s question did not include the vital
words “market segments”, so he was stopped short by Costello who,
when asking the Treasury, said, yes, we are still publishing the total figure.
So the matter was shelved. Mr Costello got out of it on a technicality –
he knew what the real question was and didn’t answer it. In actual fact,
he misled Parliament, which is a fairly serious matter.
Austand intends to further the investigation into what we now call “the
gold fiddle”. It is fairly obvious that there has been some enamelling
in the gold figures published and it has not been disclosed.
Summary on the Treasury
It makes it abundantly clear that all the major parties are accepting
instructions from a Treasury (and have, for more than 100 years) that is
clearly swindling our country and has hijacked the control of Australia,
and effectively driven us into the ground.
We may well ask every voter in this election year – State and Federal
– How could you give these parties the right to continue to run this
country?
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