Australian Prime Minister Malcolm Turnbull Angry That Business Won’t Reward Him For Nothing

Posted on Wed 07/19/2017 by


By Andrew Bolt ~

Fun dinner with Bad Malcolm:

Australian Prime Minister Malcolm Turnbull

The Turnbull government’s strained relationship with corporate Australia has come under more duress following some heated exchanges between the Prime Minister and the nation’s leading chief executives at a private dinner in Sydney on Monday night.

Multiple sources, all speaking on the condition of anonymity, have told The Australian Financial Review that while there was mutual recognition that both sides needed each other and a genuine desire to be constructive, Malcolm Turnbull upbraided the business leaders for not helping out more with donations and generally not being more vocal in advocating the government’s agenda.

This invited complaints from the corporate leaders that much of the government’s agenda was not friendly to them. One CEO listed as examples the imposition of the bank tax, the implementation of changes to section 46 of the Competition and Consumer Act, or an effects test, an ongoing aversion towards substantial industrial relations reform, and even the decision to phase in company tax cuts over 10 years, putting big business last.

The dinner was attended by board members of the Business Council of Australia – president Grant King, chief executive Jennifer Westacott, Richard Goyder, Ian Narev and Catherine Tanna. Other CEOs and BCA members included the ANZ’s Shayne Elliott and BHP’s Andrew Mackenzie…

“Our view was why would we give you money,” a view [one source] said was especially prevalent among the bankers who have been hit with the $6 billion bank tax and who do not directly donate to political parties.

Big surprise.

Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.

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