Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Turnbull warns business about mounting debt

Two of the Rudd Government's key policy initiatives will deliver little in the way of economic infrastructure and will saddle the country with crippling debt, Opposition leader Malcolm Turnbull…

user iconLawyers Weekly 29 July 2009 NewLaw
expand image

Two of the Rudd Government's key policy initiatives will deliver little in the way of economic infrastructure and will saddle the country with crippling debt, Opposition leader Malcolm Turnbull told business leaders on Tuesday.

Speaking at a luncheon for the Australian Institute of Company Directors on 28 July, the Opposition leader's primary target was the National Broadband Network, which he described as commercially unviable.

"Imagine if you'd gone on television with a business proposal and said 'This is going to be commercially viable and mums and dads of Australia you must invest'. Imagine if you'd said that? Imagine," he said.

"Well, the lawyers in the room would be able to offer you some help, I imagine. You'd be spending a lot of time in court."

The Government's Emissions Trading Scheme also came in for criticism, although Turnbull faltered when referring to his own government's track record on the issue.

"A well designed scheme can be an efficient way of reducing emissions. We recognised that when we were in government and ... started to legislate accordingly," he said.

"A well designed scheme can be an efficient way of reducing emissions. We recognised that when we were in government and ... started to legislate accordingly," he said.

Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!