The Australian has the word on Business Council of Australia chair Tony Shepherd being appointed to rip the guts out of the public service and sell the furniture to the vultures.
JOE Hockey has unveiled a surprise increase in the debt ceiling to $500 billion as he announced a Commission of Audit into government finances with sweeping terms of reference that could produce a massive rewrite of federal-state relations and usher in a raft of privatisations.
The Commission of Audit, announced by the Treasurer and Finance Minister Mathias Cormann, will be chaired by Business Council of Australia president Tony Shepherd.
The four-person panel will comprise chairman of the NSW Independent Pricing and Regulatory Tribunal Peter Boxall, former Treasury Secretary Tony Cole, former Western Australian bureaucrat Robert Fisher and former Howard government minister Amanda Vanstone.
The Commission’s Secretariat will be headed up by Peter Crone, the Business Council of Australia’s chief economist and director of policy.
It’s going to be ugly and some well connected chaps are going to make like bandits.
Better start saving for the fees on the oxygen you breathe.