Ditch the tax, reap the profit

Mr Abbott said TNT’s power bills had gone up about 25 per cent in the last two years and the carbon tax was a 9 per cent impost on power bills.

He said the tax was as a $9 billion a year handbrake on the economy.

Last week, Mr Irons said the historic signing of the Japan-Australia Economic Partnership Agreement last Tuesday would also bring savings to businesses and residents.

It would create cost savings for many Japanese car dealerships, he said.

‘Under this agreement, the 5 per cent tariff on Japanese car imports will be removed immediately on 75 per cent of Japanese cars and completely removed over three years, which will have a significant flow-on effect to consumer prices.’

Mr Irons said the agreement would give Australian industries prime access to Japan’s investment and export markets, and consumers could expect savings.