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In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines of what’s happening when it comes to the world of superannuation, property, investing and wealth creation.

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Steve Waters, director of Right Property Group, talks about affordability, inflation and his expectations for property in 2022.

RMIT senior lecturer of finance Dr Angel Zhong covers the interesting topic of buy now, pay later and what its introduction to the hospitality industry could mean for consumers. She also relays her thoughts on CBA’s entry into crypto and how other banks may react.

Finally, tax and super guru Timothy Munro tackles the likely return of a popular tax-saving measure in 2022. He also delves into super’s stellar performance and why Aussies aren’t leaving failing MySuper products.

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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