Cullen closes loophole that had no "significant impact"

Cullen has announced today that he will pass changes to the legislation implementing the loans policy, despite him telling the house that, "No, I do not think there will be any significant impact in that respect".

The changes will: 

  • Ensure that refunds relating to the 2004-2005 and 2005-2006 tax years remain subject to interest.
  • Prevent refunds being claimed for previous years unless the claims have already been lodged.
  • Remove the opportunity to apply for special deduction rates below the standard 10 per cent rate for the balance on the current tax year. 

One wonders about other loopholes out there awaiting closing that have no "significant impact". Not only has he closed the loophole he will do it retrospectively. Retrospective legislation is in essence an admission of poor policy, legislation and planning.

Some questions for parliament;

  1. Would the minister explain why if there was no "siginificant impact" he has closed the loophole.
  2. Why is the minister making the legislation retrospective when he told the house on 23 November 2005 that "I doubt they would be made retrospective".
  3. Given that the minister has said "I doubt they would be made retrospective" on 23 November 2005, could he please explain how he has not mislead the house in giving that answer.

Why don’t these bozos just admit that the policy is a crock and needs to be completely disposed of or re-thought by someone other than a failed history teacher?

Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.