Phil Scott 4 Nightcliff

But an even bigger thing to look at is debt recycling, which is particularly useful for someone who inherits a large sum or simply has some spare cash. Here’s how that works. If someone has a home loan and $500,000 in a bank account, they could take $499,999 of that money and put in their home loan. They could then redraw the entire amount and use that money to buy an investment such as a share portfolio. “That means that all the interest costs on that debt are then fully tax-deductible because it’s for investment purposes. And so you’re talking about a really significant tax deduction. If you think the average mortgage size in Australia is like $700,000-odd, then $40,000 a year of the interest on that could then become tax deductible,” Nash says. “It’s a great strategy. It’s one that we use quite a lot with our clients, particularly the higher-income earners.”

If you want to get just how rigged the tax system is for the rich, have a read of this tip from the AFR "wealth reporter"

The greatest risk to our national security is a gormless Deputy PM making life & death decisions based on US sycophancy.

And a PM who has shown little sign of reining him in.

A perfect example of why NO decisions to commit the nation to war should be made without full parliamentary debate. #auspol

Key aspect was that 1 in 5 people thought the changes to tax concessions of super balances over $3m would affect them.

In reality, it's about 1 in 200.

Easy test: if you don't know how much is in your super you won't be affected (because people with $3m in their super sure as sh*t know it)

TrueNorth Daily Independent News Update | Substack Subscribe to TrueNorth’s 5pm weekday update—for all the news and views to have on your radar from Australia’s top independent publishers and commentators. Click to read TrueNorth Daily Independent New...

Easy to spot the difference on news days like today.

Mainstream media hypes it. Independent media tells it straight.

Get the independent take on today’s major events — no agenda, just the truth.

Sign up to TrueNorth now #auspol > truenorthnews.substack.com

So the NT government axed our renewable energy target, takes big donations from foreign fracking companies, created powers for an ex gas executive to sidestep our laws for select projects, and lied about the cost of the renewable transition. Time for the federal government to invest in NT renewables

Australia’s embrace of independent political candidates shows there’s no such thing as a safe seat The surge of successful independent MPs at the 2022 election shows no sign of changing – and in fact may grow more powerful still.

"There is plenty of potential for surprise victories and shock defeats at the forthcoming election. Community independents are running in at least four Labor-held seats. What should surprise nobody is that every vote in every seat will count on election day." theconversation.com/australias-e...

Proud local lady pointing to Phil Scott signs on her fence

Phil and volunteers enjoying serving delicious free community dinner with a generous local small business

3 door knocking volunteers with big smiles

People are tired of the two major parties— for good reason.

This is our opportunity to choose something better. A representative who puts the community first, not the party machine.

It’s time the Top End had a voice of its own in Canberra.

Authorised by P. Scott, 48 Trower Rd, Millner NT 0810.

Malcolm Turnbull Mocks Trump with Hilarious Impersonation at National Press Club YouTube video by The Express Tribune

@sethabramson.bsky.social youtu.be/cfqu-9a288Y?...

Andrew Robb did not tell prime minister about role with Chinese company Former trade minister’s appointment as economic consultant with company that runs Darwin port questioned by Labor and Greens

From 2016: Former trade minister Andrew Robb didn't talk to PM Malcolm Turnbull before taking on his role as an economic consultant with the Chinese company Landbridge that operates the Darwin port. A $506m 99-year lease was signed Oct 2015. #ausvotes www.theguardian.com/australia-ne...

Tim Wilson questioned over whether ‘tradie’ in Victorian ad is Liberal campaigner Social media ads show former MP talking to a man in hi-vis who online viewers say closely resembles member of Liberal Goldstein campaign

Cross the 'fake tradie' off your Australian election campaign bingo card! @arielbogle.bsky.social has the goods
www.theguardian.com/australia-ne...

The election has been called — on Saturday 3 May! This election matters — for our country, and for our community here in Solomon.

We finally have a real chance to hold the major parties to account and send someone to Canberra who listens, who shows up, and who votes for us.

You can send things to me and I'll work to factcheck during the election campaign (which, for my sins, I will be live blogging) 🫠

Climate 200-backed independent challenges Labor seat of Solomon YouTube video by Sky News Australia

The campaign for the Northern Territory seat of Solomon is in progress as Climate 200-backed independent Phil Scott challenges the current Labor electorate.

“I’m running because the people of Darwin and Palmerston deserve a lot better than the offerings they’ve got now,” Mr Scott said.

By this time next week the election may have been called

So - if you're not already actively doing something to get the result you want then this is the week to work out what that something is

There are 37 community independent candidates running Aust-wide

All need your tangible support! #auspol

TODAY: @richarddenniss.bsky.social and @punterspolitics.bsky.social on what we can do about the big gas rort in Newcastle.

Last few tickets going quick! Share with a friend.

Polling – Bans on gambling advertising Polling conducted by The Australia Institute shows widespread support for policies that would restrict advertising for gambling products. The results show

Three in four Australians (76%) support a total ban on gambling ads phased in over three years.

Four in five Australians support banning gambling ads on social media and online (81%) and in stadiums and players’ uniforms (79%), our research has found. ⤵️

Angus Taylor's horrendous performance exposes the rudderless, policy-free Liberals The Coalition is in economic and fiscal disarray. And Peter Dutton's shadow treasurer is exhibit A.

Angus Taylor’s horrendous performance exposes the rudderless, policy-free Liberals. The Coalition is in economic and fiscal disarray. And Peter Dutton’s shadow treasurer is exhibit A. #auspol
www.crikey.com.au/2025/03/24/a...

Graph showing that from 2014-15 to 2023-24 nurses paid and average of $5.2bn in income tax each year while oil and gas companies paid $4.5bn in company tax and PRRT

Gas company tax is paying for the wages of nurses?
Yeah. Nah.
Over the past decade, nurses paid more tax than oil & gas companies

Gas companies are taking the piss.
#OffTheCharts @mattgrudnoff.bsky.social @markogge.bsky.social
australiainstitute.org.au/post/nurses-...

My position is that I listen to what people in Solomon who are affected by this policy, listen to experts and people who work in the related fields.

Thank you to @deniseshrivell.bsky.social for great questions and chat about our campaign in Solomon. We talked about what locals are telling me and what is affecting them.

Opinion Niki Savva - Teals set to seize balance of power in sink-or-swim election.

www.theage.com.au/politics/fed...

Memo to indies: Here's how you can major party-proof politics for decades If the independents hold the balance of power after the next election, how can they permanently curb the power of the major parties? A citizens' assembly might do the trick.

"If the independents hold the balance of power after the next election, how can they permanently curb the power of the major parties? A citizens’ assembly might do the trick." Bernard Keane

This is the difference between community independents and the major parties. Each independent votes for their communities interests, not a party line.

‘Wilful acts of bastardry’: former Treasury secretary says young Australian workers ‘robbed’ by tax system Ken Henry made comments at a tax summit in Melbourne, arguing fiscal drag is seeing taxes go up while real incomes fall

“mining and native forest logging employ 2% of the labour force. We have political leaders who insist [they] underwrite Australian prosperity. I will state it plainly. Those who believe this nonsense cannot be trusted with the wellbeing of future generations.” www.theguardian.com/business/202...

Boiling Point: Welcome to Boiling Point!

When people use the word "politics", they are probably referring to the current system where we alternate between two major Parties, which isn't a very pleasant topic. It will get less contentious once we get past that - our quality of life depends on it!

Check out the video. 😆

Talk politics, get informed, get active - voting isn't enough

This is why I'm giving Boiling Point a go in the lead up to #ausvotes25

We're building a community of politically informed Australians (that's you!) with the aim of reaching less engaged voters in our networks. #auspol

See details and sign up here > docs.google.com/forms/d/e/1F...

Any in the NT want to startup a local news outlet. We did have one but over time it's changed, there is no local heartbeat, no great picture editing or amazing headlines. Where did that go?

Listening to coalition representatives say that the cost of living is caused by the public service, it's word salad designed to confuse voters. These politicians know the causes, and they know it's not the public service, but they keep being so irresponsible.