Budget exposes Labor's secret tax on electricity continues

Published: Comments:
Money & Finance Political Queensland Government

This is an archived copy of an article. It is online for informational purposes only.
Social:   

The Palaszczuk Government's budget of taxes, debt and unemployment has confirmed that Labor continued to use electricity prices as a secret tax on Queenslanders.

LNP Shadow Energy Minister Michael Hart said government-owned power generators were raking in massive profits on the back of higher electricity prices being paid by consumers.

"Last year Labor's budgeted generator income was $482 million for 2016/17," Mr Hart said.

"Today, it was revealed they really made $1.241 billion.

"Labor charged $759m more than they said they would.

"If that's not a hidden tax I don't know what is.

"Labor's record profits forecast last year are set to increase again with a further $492 million in dividends to be added over the next 4 years.

"The LNP has a plan to restructure these government-owned generators from two to three, increasing competition and lowering electricity prices.

"This would save Queensland families $50 a year.

"Meanwhile the Palaszczuk Government will continue to rip $1.7 billion in super-profits from these government-owned generators over the next four years, hurting all Queenslanders in the process."

 
LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
07 3844 0666
07 3844 0388
LNP :  Liberal National Party
Showing 10+ recent articles for this business
Royal commission into abuse and neglect in the disability services sector 13 March 2019 | The LNP in Queensland welcomes Prime Minister Scott Morrison's commitment to fully fund a royal commission into abuse and neglect in the disability services sector. More information...
Labor warned Queensland public health system in crisis 13 March 2019 | LNP Shadow Health Minister Ros Bates said claims raised today by Dr Simon Judkins should send shockwaves through the Palaszczuk Labor Government and deserve a response from the Premier. More information...
Billions cut from major Queensland projects under Labor 13 March 2019 | A new industry report released today* has revealed funding to major Queensland projects will plummet from $6.1 billion in 2018/19 to $4.6 billion in 2019/20. More information...
Domestic Violence breaches across the Sunshine Coast over a 12 month period 12 March 2019 | Shocking new statistics have once again outlined Queensland’s growing problem with domestic violence and the Labor Palaszczuk Government’s lack of vision to fix the crisis. More information...
Horror rise in Queensland DV breaches under Labor 11 March 2019 | Queensland has broken its own disgraceful record for the number of domestic violence order breaches, as the Labor Palaszczuk Government fails to introduce a plan to fix the crisis. More information...
Farmers deserve the right to have their say on Labor's reef regulations 08 March 2019 | Queensland farmers have copped another blow from the Labor Palaszczuk Government. More information...
Queensland economy falls behind under Labor 06 March 2019 | LNP Deputy Leader Tim Mander has warned National Accounts data released today shows Queensland's economy continues to fall behind. More information...
Letter to the Editor from Michael Hart MP 06 March 2019 | It’s disappointing that Annastacia Palaszczuk and her Energy Minister have been out and about this week spreading fake news throughout Queensland about electricity prices. More information...
Accused union boss must be stood down 05 March 2019 | The LNP has called for a union boss to be suspended from Queensland's building industry watchdog after it was revealed he is being taken to court by the Australian Building and Construction Commission (ABCC). More information...
Building industry in freefall under Labor 04 March 2019 | LNP Deputy Leader Tim Mander has warned Queensland's building and construction industry is in freefall under the Palaszczuk Labor Government. More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service