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Sydney Grammar's $39 million new building next door to a brothel

Sydney Grammar's $39 million new building next door to a brothel

Times are a-changin' at Sydney Grammar, where headmaster Richard Malpass addressed his final assembly in charge of the $45,000-a-year private school this week. He's off to Singapore to start a new gig as head of senior school at the Tanglin Trust School.
This column last encountered Malpass and Grammar when the headmaster abruptly cancelled a planned talk by former Socceroo turned human rights advocate and outspoken critic of Israel's conduct in Gaza, Craig Foster, citing concerns about the 'wellbeing' of the school community.
Despite Foster's cancellation, those monthly talkfests have been a hit, with Grammar boys hearing from the likes of Julie Bishop and Tony Blair's spinner turned hit podcaster Alastair Campbell (who to be fair, would talk to a brick wall if given the chance).
But Malpass' real final legacy to Grammar was a $39 million inner-city expansion, revealed by the Herald last year. The college acquired a quiet block in Darlinghurst that was once Sony's Australian headquarters, with plans to create new indoor sporting facilities, a statement in the never-ending buildings arms race which has gripped the city's wealthiest private schools.
Grammar is also in the process of building its $54 million Weigall Sports Complex in Rushcutters' Bay, currently an unsightly sprawl of construction work visible from the T4, which was approved in 2021 despite vocal complaints from locals.
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But if you thought the Darlinghurst site might be less controversial than Weigall, think again. A few concerned members of the school community have been in touch recently to inform us the new building is right next door to one of Sydney's oldest legal brothels.
'The school places great store on providing holistic education for our pupils, including physical health and wellbeing,' Malpass said, when announcing the new expansion. Indeed.
While there's nothing wrong with living next door to a brothel per se, we don't imagine the kind of characters who patronise such establishments to be whom Grammar parents had in mind as the best role models.
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Tax reform isn't hard. Slug multinationals and subsidise the things we want more of
Tax reform isn't hard. Slug multinationals and subsidise the things we want more of

The Advertiser

time37 minutes ago

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Tax reform isn't hard. Slug multinationals and subsidise the things we want more of

Taxes are the price we pay for civilisation, but they are also a tool we can use to change the shape of our economy, not just its size. As the Treasurer embarks upon a national tax reform debate, it's important that the Australian public thinks about what we actually want to tax and how much. Who is paying too little tax? Are we taxing the right things? These are all democratic questions as much as economic ones. Taxes are just one of the ways that governments raise the revenue needed to provide the hospitals, schools, roads, aged care and social safety nets Australians rely on. The more tax a government collects, the bigger the public sector it can sustain. But who we choose to tax and how much has profound implications for fairness and equity. The fact is, Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries. 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Taxes are the price we pay for civilisation, but they are also a tool we can use to change the shape of our economy, not just its size. As the Treasurer embarks upon a national tax reform debate, it's important that the Australian public thinks about what we actually want to tax and how much. Who is paying too little tax? Are we taxing the right things? These are all democratic questions as much as economic ones. Taxes are just one of the ways that governments raise the revenue needed to provide the hospitals, schools, roads, aged care and social safety nets Australians rely on. The more tax a government collects, the bigger the public sector it can sustain. But who we choose to tax and how much has profound implications for fairness and equity. The fact is, Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries. If Australia were to collect the same amount of revenue from taxation as the OECD average, the Commonwealth would have had an extra $140 billion in revenue in 2023-24. Think what an additional $140 billion a year could deliver for your local emergency room, primary school, aged care facility or national park. Economists will tell you that we should tax the things we want less of and subsidise the things we want more of. In Norway, they tax the bejesus out of the gas industry and subsidise young people to attend university for free. In Australia, we subsidise the gas industry and charge our kids a fortune to get a university degree. We are one of the richest countries on Earth, yet our unemployment benefits are so low that those without a job are forced to skip meals and visits to the doctor and dentist. In fact, they are so low that they make it harder for those looking for work to find it because they don't have money to do basic things like travelling to interviews or buying professional clothing to present well at an interview. Australia spends less on the aged pension than most OECD nations, but we spend a hell of a lot giving superannuation tax concessions that mainly benefit the very wealthiest Australians. It makes no sense, but it's actually straightforward to fix. The decision to tax (or not) grog, cigarettes, wealth, gas exports, or greenhouse gas emissions has an enormous impact on public health, the gap between rich and poor and just how much extreme heat and weather we'll experience due to climate change. As many Australians have been struggling with the rise in the cost of living in recent years, the Labor government redesigned the stage three income tax cuts to make them fairer, ensuring that low- and middle-income earners received $84 billion more in benefits over the next decade than Scott Morrison would have delivered. While Morrison prioritised the highest income earners in the country, Anthony Albanese and Jim Chalmers had different priorities. We all pay GST, but private health insurance and private schools fees are exempt - is that fair? Private schools often include activities like swimming and music lessons as part of the curriculum, meaning they are included in the GST-free school fees. But parents who send their kids to public schools and pay extra for private swimming or music lessons, pay GST on them. Scott Morrison negotiated a GST top-up deal with WA - a resource-rich state - but smaller and poorer states like Tasmania miss out on additional revenue they need. 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Budget restraint is important except when it comes to the tax they should pay. Australia currently collects more money from students paying HECS than it does from gas companies paying the Petroleum Resource Rent Tax and the gas export industry would like to keep it that way, after all in some cases Australia is giving its gas away to them for free. Post-World War II, when the economy grew, everyone benefited, with the bottom 90 per cent of Australians sharing around 90 per cent of the benefits of growth. But in the decade after the GFC, up to the pandemic, that trend radically reversed, and the top 10 per cent pocketed 93 per cent of the benefits. That makes it clear that Australians can't afford to leave the economists from the banks and the powerful business lobby groups to lead the tax reform debate. If Australians want an economy that delivers for a majority of its people, we must make it clear to our leaders we expect fairness to be at the heart of any reforms. Taxes are the price we pay for civilisation, but they are also a tool we can use to change the shape of our economy, not just its size. As the Treasurer embarks upon a national tax reform debate, it's important that the Australian public thinks about what we actually want to tax and how much. Who is paying too little tax? Are we taxing the right things? These are all democratic questions as much as economic ones. Taxes are just one of the ways that governments raise the revenue needed to provide the hospitals, schools, roads, aged care and social safety nets Australians rely on. The more tax a government collects, the bigger the public sector it can sustain. But who we choose to tax and how much has profound implications for fairness and equity. The fact is, Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries. If Australia were to collect the same amount of revenue from taxation as the OECD average, the Commonwealth would have had an extra $140 billion in revenue in 2023-24. Think what an additional $140 billion a year could deliver for your local emergency room, primary school, aged care facility or national park. Economists will tell you that we should tax the things we want less of and subsidise the things we want more of. In Norway, they tax the bejesus out of the gas industry and subsidise young people to attend university for free. In Australia, we subsidise the gas industry and charge our kids a fortune to get a university degree. We are one of the richest countries on Earth, yet our unemployment benefits are so low that those without a job are forced to skip meals and visits to the doctor and dentist. In fact, they are so low that they make it harder for those looking for work to find it because they don't have money to do basic things like travelling to interviews or buying professional clothing to present well at an interview. Australia spends less on the aged pension than most OECD nations, but we spend a hell of a lot giving superannuation tax concessions that mainly benefit the very wealthiest Australians. It makes no sense, but it's actually straightforward to fix. The decision to tax (or not) grog, cigarettes, wealth, gas exports, or greenhouse gas emissions has an enormous impact on public health, the gap between rich and poor and just how much extreme heat and weather we'll experience due to climate change. As many Australians have been struggling with the rise in the cost of living in recent years, the Labor government redesigned the stage three income tax cuts to make them fairer, ensuring that low- and middle-income earners received $84 billion more in benefits over the next decade than Scott Morrison would have delivered. While Morrison prioritised the highest income earners in the country, Anthony Albanese and Jim Chalmers had different priorities. We all pay GST, but private health insurance and private schools fees are exempt - is that fair? Private schools often include activities like swimming and music lessons as part of the curriculum, meaning they are included in the GST-free school fees. But parents who send their kids to public schools and pay extra for private swimming or music lessons, pay GST on them. Scott Morrison negotiated a GST top-up deal with WA - a resource-rich state - but smaller and poorer states like Tasmania miss out on additional revenue they need. 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Budget restraint is important except when it comes to the tax they should pay. Australia currently collects more money from students paying HECS than it does from gas companies paying the Petroleum Resource Rent Tax and the gas export industry would like to keep it that way, after all in some cases Australia is giving its gas away to them for free. Post-World War II, when the economy grew, everyone benefited, with the bottom 90 per cent of Australians sharing around 90 per cent of the benefits of growth. But in the decade after the GFC, up to the pandemic, that trend radically reversed, and the top 10 per cent pocketed 93 per cent of the benefits. That makes it clear that Australians can't afford to leave the economists from the banks and the powerful business lobby groups to lead the tax reform debate. If Australians want an economy that delivers for a majority of its people, we must make it clear to our leaders we expect fairness to be at the heart of any reforms.

'Ridiculous, stupid, insane': Leading fund manager lashes Labor's tax on unrealised gains proposal as PM remains certain on plan
'Ridiculous, stupid, insane': Leading fund manager lashes Labor's tax on unrealised gains proposal as PM remains certain on plan

Sky News AU

time2 hours ago

  • Sky News AU

'Ridiculous, stupid, insane': Leading fund manager lashes Labor's tax on unrealised gains proposal as PM remains certain on plan

Wilson Asset Management founder Geoff Wilson has fiercely opposed Labor's controversial plan to tax unrealised gains, branding it 'ridiculous,' 'stupid,' and 'insane'. The proposal by the Albanese government to double the tax rate on super accounts above $3m and target unrealised gains on assets came under the microscope at The Australian's Australia's Economic Outlook on Friday. Prime Minister Anthony Albanese, who presented the keynote address at the event, remained steadfast on the superannuation tax proposal. 'The proposal that was put forward, we put forward in the last term. It would affect just a very small number (of people),' Mr Albanese said, regarding Labor's proposed super tax changes. Questioned about whether he would consider indexing the tax or removing the tax on unrealised gains, the Prime Minister declined. Following Mr Albanese's appearance at the event on Friday, Mr Wilson told Sky News he agreed with sentiments expressed by the Prime Minister in his speech that businesses should be the primary source growth in the economy. But Mr Wilson described the current economic environment for Australian businesses as 'incredibly tough' and urged the Albanese government to 'not overtax and overregulate'. 'And that's the problem I think all Australian companies have got at the moment,' he said. 'Effectively, we don't want any more pleasantries. Our small, medium-sized and even large companies in Australia need some action by this government. We are one of the highest-taxed OECD countries.' Mr Wilson said he hoped to see reductions in both income and corporate tax within the government's tax reform plans, before he took aim the controversial unrealised tax gains proposal. 'One of the things that needs to be off the table is the ridiculous, or stupid, or insane tax on unrealised gains, which really is incredibly negative for medium long-term productivity,' he said. 'Any small growth company in Australia that's looking for patient capital from the superannuation sector, and there's $1.1 trillion in self-managed super funds, that's going to evaporate if this tax comes in.' AustralianSuper chief executive Paul Schroder, who also spoke at this year's Australia's Economic Outlook, also pushed back against the tax plan. Questioned by Sky News' Business Editor Ross Greenwood if he thought the tax was bad policy, Mr Schroder did not give an explicit answer. However, Mr Schroder did say AustralianSuper "prefers less changes than more changes" and that he "would never do anything to anyone else who's trying to make good super".

‘Incredibly tough': Calls for PM to address over-regulation and over-taxation in business
‘Incredibly tough': Calls for PM to address over-regulation and over-taxation in business

Sky News AU

time11 hours ago

  • Sky News AU

‘Incredibly tough': Calls for PM to address over-regulation and over-taxation in business

Wilson Asset Management founder Geoff Wilson says one of Australia's largest business problems is over-taxation and over-regulation, calling upon the Albanese government for an end to the 'pleasantries'. This comes amid Prime Minister Anthony Albanese's address at Australia's Economic Outlook 2025. 'It's an incredibly tough environment,' Mr Wilson told Sky News host Danica De Giorgio. 'What we need the government to do is to not overtax and overregulate – and that's the problem that all Australian companies have got at the moment. 'We don't want any more pleasantries, our small, medium-sized, and even large companies in Australia need some action by this government. 'Something has to be done.'

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