Andrew Leigh

Labor Will Give Consumers and Small Businesses a Powerful Voice

The competition regulator must formally respond to ‘super complaints’.

A Shorten Labor Government will allow recognised consumer and small business advocacy groups the power to make ‘super complaints’ to the consumer and competition watchdog. The Australian Competition and Consumer Commission would be obliged to investigate and publicly respond to such complaints.

MADELEINE KING MP
SHADOW MINISTER FOR CONSUMER AFFAIRS
SHADOW ASSISTANT MINISTER FOR SMALL BUSINESS
SHADOW ASSISTANT MINISTER FOR RESOURCES
MEMBER FOR BRAND
 
ANDREW LEIGH MP
SHADOW ASSISTANT TREASURER
SHADOW MINISTER FOR COMPETITION AND PRODUCTIVITY
SHADOW MINISTER FOR TRADE IN SERVICES
SHADOW MINISTER FOR CHARITIES AND NOT-FOR-PROFITS
MEMBER FOR FENNER

NEW SUPERCOMPLAINTS POLICY WILL SUPERCHARGE COMPETITION

Major consumer and small business advocacy groups will be empowered to make ‘supercomplaints’ about consumer rip-offs, under Labor’s latest policy to support competition and small business.

Many markets are heavily concentrated, and in recent years some of the biggest names in Australian business have been found to have engaged in anti-competitive and anti-consumer conduct. 

THE HON RICHARD MARLES MP

MEMBER FOR CORIO

ANDREW LEIGH MP

SHADOW ASSISTANT TREASURER

SHADOW MINISTER FOR COMPETITION AND PRODUCTIVITY

MEMBER FOR FENNER

LIBBY COKER

LABOR CANDIDATE FOR CORANGAMITE

LABOR TAKES THE WHEEL FOR MECHANICS IN CORIO AND CORANGAMITE

Labor is driving a better deal for car owners and independent mechanics with a plan to give them access to the technical information they need to get cars fixed.

No matter what you kind of vehicle you own, everyone should be able to choose where they get their car serviced. But independent repairers are struggling to get fair access to the standard service information they need.

FROM TRAIN WRECK TO FACT CHECK

Less than a day after an interview in which he muddled up full-time and part-time jobs, Mr Robert has been exposed as misleading Australians over Labor’s plans to reform the unsustainable system of refundable excess franking credits.

The Coalition has waged a scare campaign against Labor’s plans to close tax loopholes used by the wealthiest Australians.

Independent analysis has shown that 92 per cent of taxpayers are unaffected by the change to refundable excess franking credits. Eighty per cent of the benefits flow to the top fifth of retirees.

THE GOLDEN WHISTLE

The Sydney Morning Herald, 30 January 2019

When investigative journalist Bastian Obermayer received the millions of leaked files from Panamanian law firm Mossack Fonseca, he was not having a good day. As the German reporter told Fraud Magazine, the rest of his family were sick, and he had just changed his sons’ sheets when the email arrived. ‘It went from being a bad day to a very good one’.

The Mossack Fonseca leak showed that the Panamanian law firm had established shell companies that were being used to perpetrate tax fraud and dodging global sanctions. The Icelandic Prime Minister resigned, as did other prominent officials. The Australian Tax Office began investigations into 800 people identified in what became known as ‘the Panama Papers’.

Just knowing an insider might blow the whistle makes firms less likely to break the law. A recent study of Israel’s tax whistleblowing scheme concluded that it significantly increased the amount of tax paid; particularly in industries that are more prone to tax evasion. The scheme had a powerful deterrent effect on tax dodging. Once firms knew that there was an incentive for employees to report wrongdoing, they were more inclined to pay what they owed. Tax revenue increased by more than one-quarter.

Whether it’s tax or other kinds of corporate fraud, whistleblowers are crucial. A study by Alexander Dyck and coauthors analysed hundreds of US corporate fraud cases. They found that the Securities and Exchange Commission caught just 7 percent, while auditors detected only 10 percent. By contrast, the media uncovered 13 percent of fraud cases, while the employees exposed another 17 percent.

MADELEINE KING MP

SHADOW MINISTER FOR CONSUMER AFFAIRS

SHADOW ASSISTANT MINISTER FOR SMALL BUSINESS

SHADOW ASSISTANT MINISTER FOR RESOURCES

MEMBER FOR BRAND

ANDREW LEIGH MP

SHADOW ASSISTANT TREASURER

SHADOW MINISTER FOR COMPETITION AND PRODUCTIVITY

SHADOW MINISTER FOR TRADE IN SERVICES

SHADOW MINISTER FOR CHARITIES AND NOT-FOR-PROFITS

MEMBER FOR FENNER 

MAKING UNFAIR CONTRACT TERMS ILLEGAL: THIRD PARTY SUPPORT

‘Some big businesses have been snubbing their noses at the current legislation as it lacks any capacity to punish those who abuse their power. The ACCC, who governs this activity, are basically powerless to make certain big businesses stop adding these unfair terms. If the changes proposed by Mr Leigh are made then we will see an immediate change of attitude and behaviour from those recalcitrant businesses or they will be paying big hefty fines.’

- Peter Strong, Council of Small Businesses of Australia chief executive.

E&OE TRANSCRIPT

TV INTERVIEW

SKY NEWS AM AGENDA

MONDAY, 28 JANUARY 2019

SUBJECTS: Labor’s positive policies for the economy, Tony Abbott and Warringah, Labor’s plan to level the playing field for first home buyers, Coalition resignations, political parenting.

KIERAN GILBERT:  Joining us now is the Shadow Assistant Treasurer Andrew Leigh. Andrew Leigh, thanks so much for your time.

ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Pleasure, Kieran.

GILBERT: Well, no secrets as to what the government's main argument will be not just this week, but after the budget and right up until the election in May.

LEIGH: Well, their main argument will be that they're not Labor. That seems to be their entire focus these days.

Labor will ensure large firms face penalties and deterrents for unfair contract terms

Labor’s suite of competition and small business measures will be strengthened with the commitment that a Shorten Labor Government will make unfair contract terms illegal, introduce penalties of up to $10 million for contracts that contain unfair contract terms, and increase the number of small businesses eligible for protection from such contract terms.

The case for change

• Legislation to prevent unfair contract terms was originally introduced by Labor in the Trade Practices Amendment (Australian Consumer Law) Bill 2009.
• In 2015, the unfair contact terms provisions of the Australian Consumer Law were updated so that they would apply to some ‘business to business’ contracts (where at least one of the parties is a small business).
• Leading-up to the new law taking effect, the Australian Competition and Consumer Commission (ACCC) examined standard form contracts in the advertising, telecommunications, retail leasing, independent contracting, franchising, waste management, and agriculture industries.

CHRIS BOWEN MP

SHADOW TREASURER

SHADOW MINISTER FOR SMALL BUSINESS

MEMBER FOR MCMAHON

MADELEINE KING MP

SHADOW MINISTER FOR CONSUMER AFFAIRS

SHADOW ASSISTANT MINISTER FOR SMALL BUSINESS

SHADOW ASSISTANT MINISTER FOR RESOURCES

MEMBER FOR BRAND

ANDREW LEIGH MP

SHADOW ASSISTANT TREASURER

SHADOW MINISTER FOR COMPETITION AND PRODUCTIVITY

SHADOW MINISTER FOR TRADE IN SERVICES

SHADOW MINISTER FOR CHARITIES AND NOT-FOR-PROFITS

MEMBER FOR FENNER 

LABOR BACKS SMALL BUSINESS BY MAKING UNFAIR CONTRACT TERMS ILLEGAL

A Shorten Government will protect small business by making unfair contract terms illegal and punishable with significant fines of up to $10 million.

Australia’s current laws aren’t tough enough. While contracts terms that unfairly exploit a power imbalance between the two parties can be voided by a court, there’s no punishment for the entity exploiting its market power. This means there’s nothing discouraging the big end of town from pushing smaller dependent firms to sign onto unfair arrangements.

E&OE TRANSCRIPT

RADIO INTERVIEW

5AA MORNINGS

WEDNESDAY, 23 JANUARY 2019

SUBJECTS: Banks, credit squeeze.

LEON BYNER: Let's talk to the Shadow Assistant Treasurer Andrew Leigh. Andrew, good morning. Do you agree that we might and should expect this?

ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Good morning, Leon, and good morning your listeners. I certainly am concerned when you see this kind of behaviour going on by banks. I mean, it's one thing to make sure that you're doing your due diligence on a borrower, but it's another thing to be engaging in this sort of pretty intrusive involvement in people's lives. Just because you can see in your neighbour’s bathroom window, you shouldn’t start making comments on their body when you see them in the street. And the fact is we've got a bit of a credit squeeze on at the moment. The Council of Financial Regulators has warned of this last year. Philip Lowe the head of the Reserve Bank has warned about credit - having been quite loose for a number of years - now potentially becoming too tight. I think this is just the latest manifestation of it.