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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Australians protest ‘nonsensical’ gas-led recovery

By Cameron Micallef

February 02 2021
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Invest

Australians protest ‘nonsensical’ gas-led recovery

By Cameron Micallef
February 02 2021

Advocates for climate action have marched in Canberra, demanding that the government remove its plan for a fossil fuel-dependent economic recovery.

Australians protest ‘nonsensical’ gas-led recovery

By Cameron Micallef

February 02 2021
Share

Advocates for climate action have marched in Canberra, demanding that the government remove its plan for a fossil fuel-dependent economic recovery.

Prime Minister Scott Morrison has previously outlined his vision for a gas-led economic recovery from the coronavirus pandemic, declaring that the cheap and reliable power will help boost the economy.

However, members of the Peoples Climate Assembly (PCA) have marched on the lawns of Parliament House on the first sitting day of the year to challenge the government’s “nonsensical” decision to favour gas over renewable energy.

“While countries and corporations around the world are abandoning fossil fuels, we have to ask ourselves why our government is ignoring the very clear science and rapidly shifting market forces,” PCA spokesperson John Smith said.

Mr Smith said the bushfire crisis rapidly gave way to storms and floods, and the COVID-19 pandemic which, in addition to far-reaching and tragic social and economic disruption, broke the enormous momentum that climate rallies had achieved.

“On Tuesday, the people will gather again to tell the government there is no more free ride,” said Mr Smith.

“We will not remain silent as the government sets us on a dangerous path.”

Along with the rally, the PCA has started a petition to the House of Representatives, where Independent MP Andrew Wilkie will call the House to reject the gas-led recovery and instead develop a COVID recovery package that stimulates green jobs.

“A ‘gas-led’ recovery will only stoke the fires of climate change, and cost the nation dearly in terms of jobs, industry, environment and global reputation,” Mr Smith said.

While the protestors marched on Parliament, the Prime Minister rejected the idea of introducing a carbon tax as a way of reaching net zero emissions.

“I’m not putting on a carbon tax, and I’m not putting up the GST,” Mr Morrison said to the National Press Gallery on Monday, 1 February.

“They’re just tax increases. That’s all they are.”

Instead, the PM would look to invest in new skills and training for younger Australians, as well as focusing on improved technology to reduce carbon emissions.

“If you don’t get there by technology, if that’s not used, then the only way to get there is by a tax,” he said.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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