Infrastructure Bank
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Australia should not rely on foreign capital to fund its own infrastructure. Corporations issue new equity to fund new projects or acquisitions. The Australian government should fund itself by issuing new equity against new infrastructure projects.
The process to do this is via an Infrastructure Bank that issues bonds to the Federal and State Government for seven types of Infrastructure – Dams, Baseload Power Stations (not renewables), Roads, Rail, Ports, Airports and Telecommunications.
The construction of Infrastructure will help alleviate inflation as more dams and power stations will drive down the cost of energy and water. The Infrastructure Bank should be seen as an alternative way to deal with inflation instead of manipulating the price of money which does nothing to improve productivity.
The profits from the Infrastructure Bank can be used to fund other capital works across the country.
The major parties have drifted for too long fighting each other rather than promoting solutions that provide real benefits for the Australian people.
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Notes:
- Foreign donations are prohibited under Australian Law.
- For donations over $1,000, you must sign a declaration that you are not a foreign donor.
- For the 2024–2025 financial year, the donation threshold is $16,900. This means that if an individual or entity donates $16,900 or more to a political party during a financial year, the donation must be disclosed to the Australian Electoral Commission (AEC).