The 104 year-old AVO, located in the Australian Taxation Office, has been doing an effective job. While the government refers to a projected loss in the future, it fails to point out that the AVO has consistently run a profit.
At the same time that the Minister for Social Services has announced a review of welfare spending, the Government is axing the office that conducts compliance valuations for Centrelink.
The AVO’s team of professionals provide valuation, assessment, risk management and independent advice regarding property and other assets. If the government does not know what its assets are worth, it risks making bad decisions in everything from defence to social security.
Tony Abbott gave no indication of this when in Opposition. The government has not consulted with staff before making this decision.
If there is a compelling case to axe the AVO, the government needs to make it. Scrapping a century-old institution deserves a proper report, not just a short press release from the Parliamentary Secretary to the Treasurer.
Why just today we have news on just how splendidly this all works in the US.