What a result!. right now a possible hung parliament, but maybe a coalition win of one seat with negotiated agreement of the 3 independents.
The Liberals have a "moral right" to govern, in that they had a higher primary vote than labor. Labor had a preference swap with the greens, and that 2nd preference has helped them to be nearly "over the line". In some places their vote dropped as low as 35% others 38%.
The greens now will have 9 in the senate after July , and 1 in the house of reps. 14%of the vote, and the preferences made them the kingmakers.
So what does this mean for the MRRT/PRRT?
Bob Brown is determined to bring on the MRRT. There will be no negotiation.
IF ONLY, the miners hadn't caved in, and had kept up their campaign. IF ONLY they had helped and fostered other candidates with email campaigns, and donations for advertising.(or their names on the ads) Much more could have been done.
Mine owners and miners thought the lobby groups would get the results, but they overlooked the fact that you MUST split the vote, with as many "voices" as possible.. you must get preferences or support from more than one group.
We can look forward to much more instability, and a futher damage to our good investment destination - our reputation.The sharemarket is likely to remain under the 4500 level for sometime.
The USA looks to be in more trouble and the 2nd wave recession is looming. so cut back on your costs, and unecessary spending.
I will keep up the lobby campaign to try to change the way the miners are taxed, (on nett not gross CGS ) but it doesnt look good.
If the liberals manage to make government, they might still be presured by the independents to charge the tax.
If labor wins it is a certainty. Either way the greens will demand it.
We might see another federal election in 18mths. so be ready.