Australian Politics Forum - And STILL they come....more Boat people

mantra

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Re: And STILL they come....more Boat people
Reply #240 - Nov 18^th, 2010 at 8:32am

tickfen wrote on Nov 18^th, 2010 at 8:16am:

You may need to read this then
http://www.rba.gov.au/fin-services/bond-facility/

Treasury bonds are only supposed to be sold to Australian individuals - but unfortunately the explanation of who they can be sold to is too broad and could apply to anyone with a good corporate lawyer.

The legislation did become a little more transparent after Labor got in.

Quote:

From 12 December 2007, all new stockholders must complete an Identification Reference Form following the introduction of the Anti-Money Laundering and Counter-Terrorism Financing Act (2006). Attorneys acting on behalf of stockholder(s) should also complete the Identification Reference Form.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: And STILL they come....more Boat people Reply #241 - Nov 18^th, 2010 at 8:34am My parents have purchased Australian Treasury bonds in the past from their address in Queensland despite the fact their permanent address is Bristol, UK and neither are Australian citizens. It's as easy as candy from a baby. They never check that hard on your status.
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tickfen

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Re: And STILL they come....more Boat people
Reply #242 - Nov 18^th, 2010 at 8:43am

Andrei.Hicks wrote on Nov 18^th, 2010 at 8:34am:

My parents have purchased Australian Treasury bonds in the past from their address in Queensland despite the fact their permanent address is Bristol, UK and neither are Australian citizens.

It's as easy as candy from a baby.

They never check that hard on your status.

Did you read that link Andrei?
The link advises that overseas people can purchase bonds.

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Yeah, I know I'm right, so I guess you just have to learn to live with that!

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Andrei.Hicks

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Re: And STILL they come....more Boat people
Reply #243 - Nov 18^th, 2010 at 8:53am

tickfen wrote on Nov 18^th, 2010 at 8:43am:

Andrei.Hicks wrote on Nov 18^th, 2010 at 8:34am:

My parents have purchased Australian Treasury bonds in the past from their address in Queensland despite the fact their permanent address is Bristol, UK and neither are Australian citizens.

It's as easy as candy from a baby.

They never check that hard on your status.

Did you read that link Andrei?
The link advises that overseas people can purchase bonds.

No sorry I didn't, I simply replied to Manta's comment.
It doesn't surprise me.

It's madness to not want as much capital coming into the country as possible.

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tickfen

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Re: And STILL they come....more Boat people
Reply #244 - Nov 18^th, 2010 at 9:00am

2. Who can buy bonds?

Individuals, including non-residents either solely or jointly (excluding partnerships) with up to three other parties. All applicants must sign the application form and be at least 16 years of age. If signed under power of attorney, the original power or a certified copy of the original must be lodged for noting with the application form. Individuals acting as trustees may apply in their capacity as trustee. However, in terms of the Commonwealth Inscribed Stock Act and Regulations, the trustee will be deemed to be the owner of the stock.

From 12 December 2007, all new stockholders must complete an Identification Reference Form following the introduction of the Anti-Money Laundering and Counter-Terrorism Financing Act (2006). Attorneys acting on behalf of stockholder(s) should also complete the Identification Reference Form.

The Purchase Form and the Identification Reference Form (together with certified copies of identity documents) should be lodged in person at either the Sydney or Canberra branch of the Reserve Bank of Australia. Alternatively, these documents can be posted to the Registry of Inscribed Stock. Should you have any queries relating to the completion of the forms, please contact the Registry for assistance.

Failure to satisfactorily complete either document in the required manner will result in your application being returned unprocessed.

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Yeah, I know I'm right, so I guess you just have to learn to live with that!

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mantra Gold Member Offline ozpolitic.com Posts: 10750 Gender:	Re: And STILL they come....more Boat people Reply #245 - Nov 18^th, 2010 at 9:07am The regulations say nothing about foreign corporations or governments. I can't see how the Chinese government would be sneakily giving our government millions of dollars in exchange for Treasury Bonds. Still anything is possible.
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tickfen

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Re: And STILL they come....more Boat people
Reply #246 - Nov 18^th, 2010 at 9:10am

mantra wrote on Nov 18^th, 2010 at 9:07am:

The regulations say nothing about foreign corporations or governments.

I can't see how the Chinese government would be sneakily giving our government millions of dollars in exchange for Treasury Bonds.

Still anything is possible.

Just says that only indviduals can buy the bonds....so are corporations or governments individuals? No, so companies and countries are not able to buy them.

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mantra Gold Member Offline ozpolitic.com Posts: 10750 Gender:	Re: And STILL they come....more Boat people Reply #247 - Nov 18^th, 2010 at 9:14am tickfen wrote on Nov 18^th, 2010 at 9:10am: Just says that only indviduals can buy the bonds....so are corporations or governments individuals? No, so companies and countries are not able to buy them. Therefore we're not selling bonds to the Chinese government.
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: And STILL they come....more Boat people Reply #248 - Nov 18^th, 2010 at 9:17am The Chinese Government are buying Australian Treasury Bonds. They also own over 35% of US Fed issued Trasury bonds now. That much is known openly.
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tickfen Gold Member Offline Australian Politics Posts: 1405 Gender:	Re: And STILL they come....more Boat people Reply #249 - Nov 18^th, 2010 at 9:20am Andrei.Hicks wrote on Nov 18^th, 2010 at 9:17am: The Chinese Government are buying Australian Treasury Bonds. They also own over 35% of US Fed issued Trasury bonds now. That much is known openly. ANy link to that hypothetical claim?
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: And STILL they come....more Boat people Reply #250 - Nov 18^th, 2010 at 9:27am http://www.ustreas.gov/tic/mfh.txt I am a tad behind the times. They owned 35% this time last year. They now own 22% of US Treasury Bonds. Still the largest debtor.
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tickfen Gold Member Offline Australian Politics Posts: 1405 Gender:	Re: And STILL they come....more Boat people Reply #251 - Nov 18^th, 2010 at 9:31am Andrei.Hicks wrote on Nov 18^th, 2010 at 9:27am: http://www.ustreas.gov/tic/mfh.txt I am a tad behind the times. They owned 35% this time last year. They now own 22% of US Treasury Bonds. Still the largest debtor. I was referring to Australian Bonds - dont care about the US buddy
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darkhall67

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Re: And STILL they come....more Boat people
Reply #252 - Nov 18^th, 2010 at 9:33am

Quote:

darkhall67 wrote on Nov 17^th, 2010 at 4:57pm:

Quote:

As I've already said - let's have a referendum on this issue and see exactly what the majority of Australians think.

A referendum would only be of use if the voters were adequately informed about the issue.

This report would be a good start:

http://www.aph.gov.au/library/pubs/BN/sp/Asylumfacts.htm

Let's see...

1. Illegals are flooding into Australia by the thousands. Brought here by criminal people smugglers (who said crime doesn't pay?), aided and abetted by a weak, pathetic Australian government and all the do gooders (many of whom I'm sure have a vested, i.e. financial interest in keeping these illegals coming - lawyers, social workers, etc.).

2. Said illegals are living a life of luxury in 'detention centres' (or motels) with all the essentials - a warm bed, TV, phone, Internet access, etc. while they wait for their claims to be processed. All courtesy of the Australian taxpayer. Meanwhile, thousands of Australians who can no longer afford to buy a home or pay private rent are living rough out on the streets and in cars, etc. while they wait years for public housing.

3. When said illegals are granted residency here, they continue to be a drain on the taxpayers of Australia because most of them never get a job. And, despite do gooder claims to the contrary, they MUST be getting priority for public housing (ahead of the abovementioned Australians living rough). Because, I've never seen or heard of a boat person living on the streets.

I think that would be sufficient to adequately inform the voters. For now, at least.

(Sorry about taking so long to get back to this, I've been at work)

Aaah. So you didnt read the report then.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: And STILL they come....more Boat people Reply #253 - Nov 18^th, 2010 at 9:38am I'm keen to hear darkhall how you think bringing in unskilled, third world people who have no assets and are liabilities on our resources benefits Australia economically? If you ran a business like that you'd go bust in the first year.
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...

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Re: And STILL they come....more Boat people
Reply #254 - Nov 18^th, 2010 at 9:53am

Quote:

Two Tamil refugees who spent time in the Christmas Island detention centre allegedly attacked a man at the weekend who arrived in Australia on the same boat as one of the accused pair, a court was told yesterday.

Suthakaran Arumugan, 23, and Mayuran Theiventhram, 25, appeared in the Fremantle Magistrate's Court charged with unlawful wounding and grievous bodily harm after a bloody fight in Langford on Sunday.

Police prosecutor Sgt Neil Regan said the two men allegedly bashed the victim with a tomahawk axe and a knife after he had tried to run away from a brawl involving "car loads" of people.

He said Mr Theiventhram had come to Australia on the same boat as the 32-year-old victim.

http://au.news.yahoo.com/thewest/a/-/newshome/8340412/boat-people-link-to-langford-attack/

So should they be deported, or should we wait until they savagely assault or murder australians first?

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In the fullness of time...

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