'Big stick' divestment legislation likely to pass lower house | Sky News Australia

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The government’s ‘big stick’ divestment legislation to hold energy companies to account looks set to pass the lower house before parliament rises for the year.

 

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Bowenchris I heard Frydenberg say hyperBOWL twice today! Was this a dig at Gillard? So now we pay them for five months they do nothing? Happocrite on over $520K per year! American president, last taking wages, Obama, was getting $300K. 300 million people. Joke government!

Bowenchris For those wondering why QT was so quiet today: Labor wanting all numbers on deck for a bunch of futile censure votes.

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EXPLAINER: The government 'big stick' energy plan | Sky News AustraliaSky News Political Editor David Speers breaks down the government's 'big stick' divestiture policy.\n\nThe Coalition is hoping its threat to forcibly remove assets from companies deemed to have done the wrong thing will help drive down energy prices.\n\nUnder the new bill the government is planning to introduce to parliament, the Federal Court would have final say over whether an energy retailer should have an asset forcibly stripped if it has been found guilty of misconduct.\n\nThe policy is in place of the National Energy Guarantee, which the Coalition formally dumped after Scott Morrison was elected prime minister.\n\nLabor has called the policy 'Venezuela-esque,' while businesses have also repressed its reservations. David_Speers Its all just waffle. Morrison is not capable nor is Shorten , we are stuck with high power for ever ,get used to it. David_Speers It's yet another form of market intervention by the Lib Gov't. This one may potentially be really ugly and costly (to the taxpayers) as reportedly the big players have lawyered up and are ready to challenge it in courts of law. AntiCompetition auspol
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Federal ICAC 'to prevent unproven, life-destroying allegations' | Sky News AustraliaLiberal MP Jason Falinski has echoed Scott Morrison's comments regarding a federal anti-corruption watchdog, warning against a NSW-style ‘kangaroo court’ model. \n\nThe Prime Minister announced the establishment of a Commonwealth Integrity Commission after months of pressure from Labor and the crossbench for a federal anti-corruption watchdog. \n\nThe Commission will have investigative powers but will not make findings of corruption or hold public hearings for public servants.\n\nMr Falinski told Sky News while public commissions are good at selling newspapers, politicians have the right to be ‘innocent until proven guilty’.\n\nImage: News Corp Australia \n\n\n\n\n\n What are they hiding. Auspol CorruptPoliticians WhoWatchesTheWatchers Only the guilty have something to hide‼️ What’s JasonFalinskiMP been up to?🤔 auspol CIC thepmo kimbakit
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'Mission accomplished' on final sitting day: Cormann | Sky News AustraliaMathias Cormann says that the government's push on encryption legislation on the final sitting day of parliament for the year was not fraught with chaos, but rather 'mission accomplished'.\n\nThe Finance Minister told Sky News that he was focused on securing passage of important encryption laws, unamended, through the Senate and says his party has achieved that goal.\n\nThe move will allow for police to receive new powers to access encrypted messages and is expected to pass before Christmas following the last-minute deal between the Government and Labor. \n\nImage: News Corp Australia\n\n\n\n\n\n\n\n wouldn't trust this bloke as far as i could throw him Should they send their best spy to infiltrate the companies? CallAnElection MuppetShow FakeChristian MalleeRooter Poorly stated answers. I hope Mr Hastie understands the encryption he relied upon whilst in Defence is vulnerable to the quagmire this legislation creates. Reckless undertaking by the Government and the Opposition. AABill AAAct encryption
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Frydenberg rubbishes claims divested energy assets could be privatised | Sky News AustraliaTreasurer Josh Frydenberg has rubbished claims the government’s ‘big stick’ energy legislation would allow a divested asset to be privatised.\n\nSpeaking with Sky News, the Treasurer dismissed concerns from the Opposition and business groups as just another Labor scare campaign ‘a la Mediscare.’\n\nThe contentious legislation, which is likely to pass the lower house on Thursday, would allow the break-up of big energy companies following a recommendation from Australia’s competition watchdog. \n\nImage: News Corp Australia\n\n JoshFrydenberg Frydenburg is a fraud & a liar. auspol JoshFrydenberg They're all liars! JoshFrydenberg So what happens after the asset is divested? It just vanishes?
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