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According to ACB News, Scott, government`s Treasury secretary, Turnbull? Morrison has just been appointed Australia`s 30th prime minister. Morrison is a special figure in the front row of the Liberal Party. He entered Parliament in 2007, and in the 11 years to date he has witnessed and actively participated in political changes in Australia.
Greenpeace Australia Pacific activist Alix Foster Vander Elst said, "Scott? Morrison`s just Tony? A more refined version of Albert (note: the former prime minister of Turnbull).
EY CEO Tony? "the political turmoil of the last decade has come at the expense of our global competitiveness," Johnson said. We must return to serious economic reform. "
In 2013, Morrison was in Tony? Albert government is an immigrant minister; for the past three years, Scott? Morrison, Turnbull`s arm, announced three federal budgets. What is Australia`s new prime minister`s immigration and economic policy?
Strong immigration policy stance
Morrison was described as a "hardliner" when he was an immigrant minister. In 2013, he launched a "stop-ship" policy, (Operation Sovereign.
After the death of 50 refugees on Christmas Island in 2010, he questioned the "funeral costs" before being forced to withdraw his "ruthless" comments. During his tenure as an immigrant minister, Morrison asked the ASIO to delay security checks on asylum seekers so that they missed the deadline for permanent protection visas, it was revealed this year.
In July, after fiscal 2018 immigration data were released, Morrison said the number of new permanent immigrants fell to one hundred and sixty one thousand nine hundred and ninety nine last year, suggesting there were not enough suitable applicants to reach the annual ceiling of one hundred and ninety thousand. The words revealed his desire to maintain a decline in the number of new permanent immigrants.
The Australian Federation of Commerce and Industry, (ACCI), and other business groups have expressed concern that the number of immigrants will fall, saying it will harm Australia`s economic prospects, but Morrison said Australian business does not need to worry about this. The demand for permanent immigration is still within the quota. "
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Neoliberal economic policy
If Morrison is conservative in many social policies, and economically, he favours neoliberalism. But as political scientist Carol Johnson points out, the Liberal Party has been having trouble getting voters to embrace neoliberal policy.
Morrison`s two budgets as Treasury Secretary strongly demonstrate his neoliberal tendencies. Most notably, he is firmly committed to scrapping Australia`s long-term progressive tax system. If Morrison can go ahead with his claims, the 37% personal tax rate will cease to exist as of July 1, 2024, when his third phase of the tax cuts, which is the most critical part of the tax cuts, begins to be implemented. Taxpayers whose revenues range from A $41000 to A $200000 are taxed at a uniform rate of 32.5 per cent.
This does not change for taxpayers earning less than A $120000 a year, but for taxpayers earning more than A $120000 a year, they will gradually increase their tax breaks. The biggest beneficiaries are those earning more than A $ two hundred thousand a year, with tax rates falling 4.5% between A $120001 and A $180000 and 12.5% between A $18,0001 and A $ two hundred thousand. Annual income can increase by A $7225.
Among other measures, he opposed increases in social benefits, which he raised in the 2017 budget, and Morrison pledged A $1.6 billion to the geriatric care sector in his 2018 budget. This shows some flexibility in his economic policy.
During his tenure as Treasury Secretary, Morrison proposed an economic theory of increasing overall wealth to address revenue shortfalls.
In announcing his last budget, he said, "the pie must be made bigger. If the pie is bigger, everyone will get more and more, regardless of their share, except Western Australia. He expects the VAT (GST) pool to increase by A $6.5 billion over the next four years.
Concurring with Trump`s main tradeoffs in July, Australia`s finance minister Scott at a meeting of finance ministers and central bank governors of the Group of 20 leading economies in Argentina? Morrison supports changes to global trade rules.
Although Morrison did not specify how to amend WTO rules, it may be aimed at complaints against the WTO, including the United States. Including: the rulemakers never thought that China`s national economy had developed to such a scale and owned such a large state-owned enterprise; Concerns about the delay in resolving the dispute could delay years and destroy affected industries and companies, even if the claimant country wins; and fail to address intellectual property theft.
Speaking at the G20, Morrison said Trump government "is not some protectionist action, this is not the foothold they are looking for", "they have done important work trying to clarify and reaffirm what their ultimate purpose is." I`ve been saying that what they`re doing is unconventional, and that`s true. But to be fair, over the past decade, the traditional path has not really solved the problems facing several of their government terms. "
But on the other hand, Morrison added that China`s response to U.S. tariffs was "very cautious" and that China "was very careful, and I think it shows a sense of sensitivity and reluctance to see this unnecessary escalation, which is also commendable."
Careful treatment of "Belt and Road Initiative" and key Infrastructure in Australia
In September 2017, Morrison spoke at the China-US Strategic Economic Dialogue Forum in Beijing as Finance Minister. He noted that China and Australia had reached third-party cooperation agreements on infrastructure and other investments as part of the Belt and Road Initiative plan. But instead of saying that Australia has decided to participate in the Belt and Road Initiative program, he said, "the Belt and Road Initiative program is a stand-alone program for Australia, but we can participate in it."
At the scene, a questioner asked whether the Australian government had signed the Belt and Road Initiative agreement on this point. He gave a negative answer: "We did not sign the `Belt and Road Initiative` agreement.
We are talking about agreements to co-operate in third-party markets, which have nothing to do with your question.
Both northern Australia and Belt and Road Initiative are independent, but to some extent we can work together in a variety of ways. We are happy to pursue these opportunities. "
Morrison blocked the takeover in 2016, when China State Grid Corporation and Hong Kong-listed company Cheung Kong Infrastructure were bidding for a stake in Ausgrid, an Australian power grid company. "National security" is the primary consideration, "he said." this is the most important consideration, always, forever. This is the number one problem.
At last year`s China-US Strategic Economic Dialogue Forum, Morrison was asked if the decision was protectionist, but he did not answer the question positively. And just this week, he decided to ban Huawei from participating in the 5G project in Australia. In a joint statement with minister Feinfeld, he said government would work to protect the vital 5G network "in the next decade," The security of the 5G network will have a fundamental impact on the security of all Australians and critical infrastructure. "
