Labor proposes crackdown on 'dirty money' laundered through Australian real estate

There goes liberal party campaign money...

They won't. They will target the aussies but conveniently bypass foriegn.

ban foreign ownership in property ...problem solved ...China is losing its currency due to this problem and real estate prices get inflated ...but you already knew that one ...

good check all the PM's around the pacific including or focusing on PNG

Going after their own. Is that wise billshortenmp ? Others have wound up in the foundations of high rise buildings 🤔🤫🙃

Not just ‘investors’ from China using residential property as a washing machine. Look closer to home for our ‘cashed up’ developer class. Illicit money laundered through bricks & mortar projects. ATO needs to look how some never need to source mainstream finance. Strange eh?

Well thats lucky it coincides with Trumps all staff memo to its allies.

LuckyOZBloke This is about negative gearing right?

KnowingPark A step in the right direction, but can never replace Labor's missing plank--never voted out of the ALP platform--the federal land tax (1910-1952), abolished by Ming.

Now do the Unions little Billy, time to grow a pair son, the bum buddy days must end.

Foreign investors have laundered billions of dollars in purchasing prime real estate and land with our incompetent government doing nothing. Worse still they are still doing it. Even donating thousands of dollars, dirty money, to political; parties.

ha that's funny....

Labor Party!! Ha ha. Don’t know their arse from their elbows!!

I’ll believe that when I can buy property in China ..

The labor party should pay back Chinese donations before sprouting this kind of action ?

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Labor vows to ‘name and shame’ the big banks | Sky News AustraliaAustralian Financial Review’s John Kehoe says Labor is planning to increase scrutiny over the big four banks in the wake of the Hayne royal commission.\n\nLabor has announced additional accountability measures for the banking sector, with the big four banks being compelled to report to parliament every six months on their progress in addressing the cultural problems revealed in the banking royal commission.\n\nThe opposition will also establish an implementation committee within the Treasury department to ensure the recommendations from the banking royal commission are being carried out.\n\nCommissioner Kenneth Hayne delivered 76 recommendations in his final report, one of which was the abolition of commissions for mortgage brokers and greater oversight powers for regulators.\n\nMr Kehoe told Sky News Labor’s plan to ‘name and shame’ banks will play well with the electorate in the lead up to the federal election.\n\n\n\n pollietracker Go figure a new day and SKY is at Labor again for it's billionaire puppet masters. pollietracker Why is it important? No reason clients can't approach their bank directly in applying for a mortgage. pollietracker Read SKYs articles on twitter everyone attacks Labor pretty much. What does that tell you about the diversity and informed news you get from SKY? Or is it just brainwashing at the hands of a billionaire owner at SKY?
Source: SkyNewsAust - 🏆 7. / 78 Read more »