PM Transcripts

Transcripts from the Prime Ministers of Australia

Howard, John

Period of Service: 11/03/1996 - 03/12/2007
Release Date:
13/07/1998
Release Type:
Media Release
Transcript ID:
10823
Released by:
  • Howard, John Winston
WHERE DOES LABOR STAND ON TELSTRA DIVIDEND

In recent weeks Mr. Beazley has delivered conflicting messages to

different audiences about the future of Telstra's dividend.

On June 21 he appeared to tell Channel Nine's Sunday program

that new initiatives in rural and regional areas would be funded by

Labor from part of Telstra's dividend.

Four days later he talked to a CEDA conference of only being able

to retain existing programmes, rather than funding any new initiatives.

In addition, Mr Beazley has refused to reveal where the money would

come from as Telstra dividends are already factored into budget spending.

He admitted on June 25 that "we know this money is there in the

Budget".

You can't spend the same money twice, Mr. Beazley.

If he does not intend additional spending then the Leader of the Opposition

should now reveal which areas of spending such as hospitals, nursing

homes, Medicare or schools, will be cut to find "guaranteed"

bush infrastructure spending.

These confused and conflicting promises come from a former failed

Finance Minister, whose Labor Government irresponsibly left a $10.5

billion budget deficit when it lost office.

The Coalition has a clearly budgeted position with the proceeds from

the Telstra sale to be used to retire Labor debt and provide a social

bonus for all Australians.

Labor always says one thing and does another.

Mr. Beazley sold Qantas and the Commonwealth Bank, after telling the

electorate that he wouldn't. Many Australians therefore suspect

that Mr. Beazley will do the same over Telstra if he ever was returned

to Government.

Kim Beazley's dividend confusion will only reinforce Australians'

cynicism over Labor's empty Telstra pledges.

10823