“It’s a nice problem to have,” said CommSec chief economist Craig James. “Demand for our commodities is soaring, and our trade surplus remains significant. Dollars are being injected into the economy at a time when the Reserve Bank is trying to slow growth in activity, income and spending. “At the same time, imports are also growing – highlighting an improvement in supply as well as higher prices. Overall, the trade situation is good news.”
Australia’s big miners including BHP, Rio Tinto, Fortescue and companies controlled by Gina Rinehart paid more than $28.5 billion in tax in 2020-21, accounting for nearly a third of total corporate tax revenue.
Those who engage in identity politics and demand that the world bend to their whims due to their supposed victim status, often end up shooting themselves in the foot … Those who define themselves, not by some past injustice, but by their present potential, are best able to grasp opportunities to build a better future.
In Netball Australia’s case, Gina Rinehart had every right to call an end to her $15 million gift. There are others who will respect her company’s brand, its bankrolling of the nation, job creation, and its extraordinary effort to fund the global dreams of our nation’s best young athletes including Olympic swimmers and rowers.
“I thought the statement from Roy Hill (majority owned by Hancock) was excellent, in the sense that they clearly articulated what they’re doing in the Indigenous welfare space. No one from Western Australia and certainly nobody who knows even a little bit about the company would have been surprised by that. When you dive into these issues, you need to have considered, sober conversations. As stakeholders agitate, companies may wonder whether they should sit out the game. Story by Helen Trinca
Broadcast money and sponsorships are the two great cash cows in this country. Netball fails to justify its price as a television product for years, bouncing around the networks because it struggles to attract ratings, and just dropped the ball with the other. And this won’t make more people want to watch it. Rinehart loomed as a saviour, particularly after the lesson of the grand final sell-off, but the players’ politics saw an end to that financial windfall. It has not cost the team, but their entire sport.
Gina Rinehart and Hancock Prospecting have been dedicated long-term supporters of Australia’s military, and were proud to return to this very worthy event as Platinum Sponsor.
“Corporate sponsorship is really important for sport. And it is a time when we should be encouraging more corporate sponsorship and more government funding of sports, particularly Olympics sports, given that we have the Olympics in Australia in Brisbane in 10 years time,” he said. “As a rower and a chairman of Rowing Australia, our athletes really benefit from the support of the Australian Sports Commission (and) the support of Hancock Prospecting for example. “Often a lot of our Olympic rowers, similar to other Olympic sports, earn less than the minimum wage and so they are deeply grateful for the corporate support we get, and long should it continue.”
Our ancestors fought and won huge battles so Indigenous athletes had the same opportunities as everyone else – not so they would still be shackled by the racism of history.
Artistic Swimming Western Australia (ASWA) is extremely honoured and proud to have Mrs Gina Rinehart AO as our Patron. Mrs Rinehart and the support of the Hancock Prospecting Group has played an integral role over the past eight years in nurturing and developing our sport, transforming it into one that has, and continues to develop Western Australia’s artistic swimmers into accomplished women and world class athletes.
