
'Smell the roses': $1.5m Liberal loan to end legal saga
A $1.5 million loan has been granted to former state Liberal leader John Pesutto, with the fractured party desperate to draw a line under a long-running defamation saga.
The Victorian Liberals' administrative committee met on Thursday night and agreed to lend former leader John Pesutto $1.55 million to settle his debt to first-term MP Moira Deeming.
The Hawthorn MP was ordered to pay $2.3 million in legal costs to Mrs Deeming after the Federal Court found he defamed her by implying she was associated with neo-Nazis.
It left him facing bankruptcy, which would have triggered his exit from parliament and a subsequent by-election in his marginal seat, unless the debt was paid back in a matter of weeks.
Mr Pesutto, who has already coughed up $315,000 in damages, had only raised about $750,000 through wealthy backers and a GoFundMe campaign.
An offer to defer some of the legal bill in exchange for Mrs Deeming's guaranteed preselection and Mr Pesutto swearing off trying to return as leader for three years was rebuffed.
In a letter to party members on late on Thursday, Victorian Liberal president Philip Davis said the money would be paid directly to Mrs Deeming.
Mr Pesutto will be required to repay the loan at market-rate interest.
Mr Davis said the deal would avert a by-election and allow the Liberals' parliamentary party to focus the issues that matter to the Victorian community.
"Settling this matter once and for all is in the interests of the party as it will see an end to the ongoing commentary that is letting Labor get away with their appalling performance," he wrote.
"Victorians needs a change of government."
Entering parliament on Thursday morning, Mr Pesutto was upbeat about the committee agreeing to his loan request.
"Tonight's an opportunity to square (the issue) off and put it all behind us," he said.
Mrs Deeming, who was expelled from the party room before being welcomed back in December, was sceptical it would end the infighting that has engulfed the party since March 2023.
"I assume that they will continue with their quest to try to annihilate me," the upper house MP said.
Mrs Deeming said the party could "do what they like" but she would take any support of Mr Pesutto as a "direct rebukement (sic)" of the court judgement.
Opposition Leader Brad Battin attended Thursday night's meeting but would not reveal to reporters how he planned to vote.
Mr Battin urged Mrs Deeming and Mr Pesutto to "smell the roses" if either woke up on Friday morning unhappy with the outcome.
Time is running out for Mr Battin to unite the Liberals before the next state election in November 2026.
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SBS Australia
2 hours ago
- SBS Australia
Moira Deeming, John Pesutto urged to 'smell the roses' after party grants bankruptcy bailout
A $1.5 million loan has been granted to former Victorian Liberal leader John Pesutto, with the fractured party desperate to draw a line under a long-running defamation saga. The Victorian Liberals' administrative committee met on Thursday night and agreed to lend former leader John Pesutto $1.55 million to settle his debt to first-term MP Moira Deeming. The Hawthorn MP was ordered to pay $2.3 million in legal costs to Deeming after the Federal Court found he defamed her by implying she was associated with neo-Nazis. Pesutto, who has already coughed up $315,000 in damages, had only raised about $750,000 through wealthy backers and a GoFundMe campaign. An offer to defer some of the legal bill in exchange for Deeming's guaranteed preselection and Pesutto swearing off trying to return as leader for three years was rebuffed. In a letter to party members on late on Thursday, Victorian Liberal president Philip Davis said the money would be paid directly to Deeming. Pesutto will be required to repay the loan at market-rate interest. Davis said the deal would avert a by-election and allow the Liberals' parliamentary party to focus the issues that matter to the Victorian community. Entering parliament on Thursday morning, Pesutto was upbeat about the committee agreeing to his loan request. "Tonight's an opportunity to square (the issue) off and put it all behind us," he said. Deeming, who was expelled from the party room before being welcomed back in December, was sceptical it would end the infighting that has engulfed the party since March 2023. "I assume that they will continue with their quest to try to annihilate me," the upper house MP said. Deeming said the party could "do what they like" but she would take any support of Pesutto as a "direct rebukement (sic)" of the court judgement. Opposition leader Brad Battin attended Thursday night's meeting but would not reveal to reporters how he planned to vote. Battin urged Deeming and Pesutto to "smell the roses" if either woke up on Friday morning unhappy with the outcome. Time is running out for Battin to unite the Liberals before the next state election in November 2026.


The Advertiser
3 hours ago
- The Advertiser
Budget billions helps cashed-up state lead debt battle
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Net debt is expected to grow to $33.6 billion at the end of the current financial year, $1.1 billion more than forecast in December, and expand to $42.4 billion over the forward estimates. The treasurer said debt was more than $10 billion lower than projected when WA Labor came to office in 2017. At 7.5 per cent of Gross State Product, the state's debt levels are the lowest in the nation, with net debt to GSP forecast to remain well below 10 per cent of GSP over the next four years. By contrast, NSW, Victoria, Queensland and South Australia all have net debt to GSP ratios growing to an average of more than 20 per cent or more over the next four years. WA had gone from having the highest ratio of net debt as a percentage of GSP in the country at 13.8 per cent under the previous Liberal-National government to having the lowest under WA Labor, Ms Saffioti said. WA's relatively lower debt position can be linked to its controversial GST deal, consulting firm Adept Economics said. Debt is climbing rapidly in all states except WA over the next four years, according to the firm's analysis. Victoria has the worst debt outlook, while NSW, SA and Queensland are competing for the second-worst position, it said By 2027-28, gross state debt per capita will be $35,000 in Victoria, $30,000 in SA, $29,000 in Queensland and $28,000 in NSW. Western Australia had the most favourable debt outlook at about $18,000. Ms Saffioti said WA was the most resilient state in the nation and with manageable debt levels. The market for WA's key commodity, iron ore, also remained strong, along with domestic consumption and the jobs market, but global impacts on international trading partners could be significant in the future, she said. The treasurer said WA's controversial GST share was fundamental to the state's ability to fund new industrial projects that sent much of their revenue to federal coffers. 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"We could blow all the money and then leave unsustainable debt for our future generations, but we're not going to do that." Net debt is expected to grow to $33.6 billion at the end of the current financial year, $1.1 billion more than forecast in December, and expand to $42.4 billion over the forward estimates. The treasurer said debt was more than $10 billion lower than projected when WA Labor came to office in 2017. At 7.5 per cent of Gross State Product, the state's debt levels are the lowest in the nation, with net debt to GSP forecast to remain well below 10 per cent of GSP over the next four years. By contrast, NSW, Victoria, Queensland and South Australia all have net debt to GSP ratios growing to an average of more than 20 per cent or more over the next four years. WA had gone from having the highest ratio of net debt as a percentage of GSP in the country at 13.8 per cent under the previous Liberal-National government to having the lowest under WA Labor, Ms Saffioti said. WA's relatively lower debt position can be linked to its controversial GST deal, consulting firm Adept Economics said. Debt is climbing rapidly in all states except WA over the next four years, according to the firm's analysis. Victoria has the worst debt outlook, while NSW, SA and Queensland are competing for the second-worst position, it said By 2027-28, gross state debt per capita will be $35,000 in Victoria, $30,000 in SA, $29,000 in Queensland and $28,000 in NSW. Western Australia had the most favourable debt outlook at about $18,000. Ms Saffioti said WA was the most resilient state in the nation and with manageable debt levels. The market for WA's key commodity, iron ore, also remained strong, along with domestic consumption and the jobs market, but global impacts on international trading partners could be significant in the future, she said. The treasurer said WA's controversial GST share was fundamental to the state's ability to fund new industrial projects that sent much of their revenue to federal coffers. WEST AUSTRALIAN LABOR GOVERNMENT BUDGET FOR 2025/26 * Surplus: $2.4 billion * Revenue: $50.2 billion * Expenditure: $ 47.8 billion * Net debt: $38.9 billion * GST revenue: $7.8 billion * Employment growth: 1.75 per cent * Economic growth: 2.5 per cent The nation's wealthiest state is on track to remain an outlier on debt compared to other jurisdictions as it unveils another massive surplus. Western Australian Treasurer Rita Saffioti's second state budget on Thursday delivered a $2.5 billion windfall for the current financial year, with a further $2.4 billion surplus projected for 2025-26. It's the state's seventh consecutive operating surplus, which the Cook government says will help the resource-rich state diversify and set its economy up for the future. "This budget is about fortifying Western Australia from these global shocks," she told reporters at the budget lockup. "We've focused on strong economic management and strong finances. "We could blow all the money and then leave unsustainable debt for our future generations, but we're not going to do that." Net debt is expected to grow to $33.6 billion at the end of the current financial year, $1.1 billion more than forecast in December, and expand to $42.4 billion over the forward estimates. The treasurer said debt was more than $10 billion lower than projected when WA Labor came to office in 2017. At 7.5 per cent of Gross State Product, the state's debt levels are the lowest in the nation, with net debt to GSP forecast to remain well below 10 per cent of GSP over the next four years. By contrast, NSW, Victoria, Queensland and South Australia all have net debt to GSP ratios growing to an average of more than 20 per cent or more over the next four years. WA had gone from having the highest ratio of net debt as a percentage of GSP in the country at 13.8 per cent under the previous Liberal-National government to having the lowest under WA Labor, Ms Saffioti said. WA's relatively lower debt position can be linked to its controversial GST deal, consulting firm Adept Economics said. Debt is climbing rapidly in all states except WA over the next four years, according to the firm's analysis. Victoria has the worst debt outlook, while NSW, SA and Queensland are competing for the second-worst position, it said By 2027-28, gross state debt per capita will be $35,000 in Victoria, $30,000 in SA, $29,000 in Queensland and $28,000 in NSW. Western Australia had the most favourable debt outlook at about $18,000. Ms Saffioti said WA was the most resilient state in the nation and with manageable debt levels. The market for WA's key commodity, iron ore, also remained strong, along with domestic consumption and the jobs market, but global impacts on international trading partners could be significant in the future, she said. The treasurer said WA's controversial GST share was fundamental to the state's ability to fund new industrial projects that sent much of their revenue to federal coffers. WEST AUSTRALIAN LABOR GOVERNMENT BUDGET FOR 2025/26 * Surplus: $2.4 billion * Revenue: $50.2 billion * Expenditure: $ 47.8 billion * Net debt: $38.9 billion * GST revenue: $7.8 billion * Employment growth: 1.75 per cent * Economic growth: 2.5 per cent The nation's wealthiest state is on track to remain an outlier on debt compared to other jurisdictions as it unveils another massive surplus. Western Australian Treasurer Rita Saffioti's second state budget on Thursday delivered a $2.5 billion windfall for the current financial year, with a further $2.4 billion surplus projected for 2025-26. It's the state's seventh consecutive operating surplus, which the Cook government says will help the resource-rich state diversify and set its economy up for the future. "This budget is about fortifying Western Australia from these global shocks," she told reporters at the budget lockup. "We've focused on strong economic management and strong finances. "We could blow all the money and then leave unsustainable debt for our future generations, but we're not going to do that." Net debt is expected to grow to $33.6 billion at the end of the current financial year, $1.1 billion more than forecast in December, and expand to $42.4 billion over the forward estimates. The treasurer said debt was more than $10 billion lower than projected when WA Labor came to office in 2017. At 7.5 per cent of Gross State Product, the state's debt levels are the lowest in the nation, with net debt to GSP forecast to remain well below 10 per cent of GSP over the next four years. By contrast, NSW, Victoria, Queensland and South Australia all have net debt to GSP ratios growing to an average of more than 20 per cent or more over the next four years. WA had gone from having the highest ratio of net debt as a percentage of GSP in the country at 13.8 per cent under the previous Liberal-National government to having the lowest under WA Labor, Ms Saffioti said. WA's relatively lower debt position can be linked to its controversial GST deal, consulting firm Adept Economics said. Debt is climbing rapidly in all states except WA over the next four years, according to the firm's analysis. Victoria has the worst debt outlook, while NSW, SA and Queensland are competing for the second-worst position, it said By 2027-28, gross state debt per capita will be $35,000 in Victoria, $30,000 in SA, $29,000 in Queensland and $28,000 in NSW. Western Australia had the most favourable debt outlook at about $18,000. Ms Saffioti said WA was the most resilient state in the nation and with manageable debt levels. The market for WA's key commodity, iron ore, also remained strong, along with domestic consumption and the jobs market, but global impacts on international trading partners could be significant in the future, she said. The treasurer said WA's controversial GST share was fundamental to the state's ability to fund new industrial projects that sent much of their revenue to federal coffers. WEST AUSTRALIAN LABOR GOVERNMENT BUDGET FOR 2025/26 * Surplus: $2.4 billion * Revenue: $50.2 billion * Expenditure: $ 47.8 billion * Net debt: $38.9 billion * GST revenue: $7.8 billion * Employment growth: 1.75 per cent * Economic growth: 2.5 per cent


The Advertiser
3 hours ago
- The Advertiser
'Smell the roses': $1.5m Liberal loan to end legal saga
A $1.5 million loan has been granted to former state Liberal leader John Pesutto, with the fractured party desperate to draw a line under a long-running defamation saga. The Victorian Liberals' administrative committee met on Thursday night and agreed to lend former leader John Pesutto $1.55 million to settle his debt to first-term MP Moira Deeming. The Hawthorn MP was ordered to pay $2.3 million in legal costs to Mrs Deeming after the Federal Court found he defamed her by implying she was associated with neo-Nazis. It left him facing bankruptcy, which would have triggered his exit from parliament and a subsequent by-election in his marginal seat, unless the debt was paid back in a matter of weeks. Mr Pesutto, who has already coughed up $315,000 in damages, had only raised about $750,000 through wealthy backers and a GoFundMe campaign. An offer to defer some of the legal bill in exchange for Mrs Deeming's guaranteed preselection and Mr Pesutto swearing off trying to return as leader for three years was rebuffed. In a letter to party members on late on Thursday, Victorian Liberal president Philip Davis said the money would be paid directly to Mrs Deeming. Mr Pesutto will be required to repay the loan at market-rate interest. Mr Davis said the deal would avert a by-election and allow the Liberals' parliamentary party to focus the issues that matter to the Victorian community. "Settling this matter once and for all is in the interests of the party as it will see an end to the ongoing commentary that is letting Labor get away with their appalling performance," he wrote. "Victorians needs a change of government." Entering parliament on Thursday morning, Mr Pesutto was upbeat about the committee agreeing to his loan request. "Tonight's an opportunity to square (the issue) off and put it all behind us," he said. Mrs Deeming, who was expelled from the party room before being welcomed back in December, was sceptical it would end the infighting that has engulfed the party since March 2023. "I assume that they will continue with their quest to try to annihilate me," the upper house MP said. Mrs Deeming said the party could "do what they like" but she would take any support of Mr Pesutto as a "direct rebukement (sic)" of the court judgement. Opposition Leader Brad Battin attended Thursday night's meeting but would not reveal to reporters how he planned to vote. Mr Battin urged Mrs Deeming and Mr Pesutto to "smell the roses" if either woke up on Friday morning unhappy with the outcome. Time is running out for Mr Battin to unite the Liberals before the next state election in November 2026. A $1.5 million loan has been granted to former state Liberal leader John Pesutto, with the fractured party desperate to draw a line under a long-running defamation saga. The Victorian Liberals' administrative committee met on Thursday night and agreed to lend former leader John Pesutto $1.55 million to settle his debt to first-term MP Moira Deeming. The Hawthorn MP was ordered to pay $2.3 million in legal costs to Mrs Deeming after the Federal Court found he defamed her by implying she was associated with neo-Nazis. It left him facing bankruptcy, which would have triggered his exit from parliament and a subsequent by-election in his marginal seat, unless the debt was paid back in a matter of weeks. Mr Pesutto, who has already coughed up $315,000 in damages, had only raised about $750,000 through wealthy backers and a GoFundMe campaign. An offer to defer some of the legal bill in exchange for Mrs Deeming's guaranteed preselection and Mr Pesutto swearing off trying to return as leader for three years was rebuffed. In a letter to party members on late on Thursday, Victorian Liberal president Philip Davis said the money would be paid directly to Mrs Deeming. Mr Pesutto will be required to repay the loan at market-rate interest. Mr Davis said the deal would avert a by-election and allow the Liberals' parliamentary party to focus the issues that matter to the Victorian community. "Settling this matter once and for all is in the interests of the party as it will see an end to the ongoing commentary that is letting Labor get away with their appalling performance," he wrote. "Victorians needs a change of government." Entering parliament on Thursday morning, Mr Pesutto was upbeat about the committee agreeing to his loan request. "Tonight's an opportunity to square (the issue) off and put it all behind us," he said. Mrs Deeming, who was expelled from the party room before being welcomed back in December, was sceptical it would end the infighting that has engulfed the party since March 2023. "I assume that they will continue with their quest to try to annihilate me," the upper house MP said. Mrs Deeming said the party could "do what they like" but she would take any support of Mr Pesutto as a "direct rebukement (sic)" of the court judgement. Opposition Leader Brad Battin attended Thursday night's meeting but would not reveal to reporters how he planned to vote. Mr Battin urged Mrs Deeming and Mr Pesutto to "smell the roses" if either woke up on Friday morning unhappy with the outcome. Time is running out for Mr Battin to unite the Liberals before the next state election in November 2026. A $1.5 million loan has been granted to former state Liberal leader John Pesutto, with the fractured party desperate to draw a line under a long-running defamation saga. The Victorian Liberals' administrative committee met on Thursday night and agreed to lend former leader John Pesutto $1.55 million to settle his debt to first-term MP Moira Deeming. The Hawthorn MP was ordered to pay $2.3 million in legal costs to Mrs Deeming after the Federal Court found he defamed her by implying she was associated with neo-Nazis. It left him facing bankruptcy, which would have triggered his exit from parliament and a subsequent by-election in his marginal seat, unless the debt was paid back in a matter of weeks. Mr Pesutto, who has already coughed up $315,000 in damages, had only raised about $750,000 through wealthy backers and a GoFundMe campaign. An offer to defer some of the legal bill in exchange for Mrs Deeming's guaranteed preselection and Mr Pesutto swearing off trying to return as leader for three years was rebuffed. In a letter to party members on late on Thursday, Victorian Liberal president Philip Davis said the money would be paid directly to Mrs Deeming. Mr Pesutto will be required to repay the loan at market-rate interest. Mr Davis said the deal would avert a by-election and allow the Liberals' parliamentary party to focus the issues that matter to the Victorian community. "Settling this matter once and for all is in the interests of the party as it will see an end to the ongoing commentary that is letting Labor get away with their appalling performance," he wrote. "Victorians needs a change of government." Entering parliament on Thursday morning, Mr Pesutto was upbeat about the committee agreeing to his loan request. "Tonight's an opportunity to square (the issue) off and put it all behind us," he said. Mrs Deeming, who was expelled from the party room before being welcomed back in December, was sceptical it would end the infighting that has engulfed the party since March 2023. "I assume that they will continue with their quest to try to annihilate me," the upper house MP said. Mrs Deeming said the party could "do what they like" but she would take any support of Mr Pesutto as a "direct rebukement (sic)" of the court judgement. Opposition Leader Brad Battin attended Thursday night's meeting but would not reveal to reporters how he planned to vote. Mr Battin urged Mrs Deeming and Mr Pesutto to "smell the roses" if either woke up on Friday morning unhappy with the outcome. Time is running out for Mr Battin to unite the Liberals before the next state election in November 2026. A $1.5 million loan has been granted to former state Liberal leader John Pesutto, with the fractured party desperate to draw a line under a long-running defamation saga. The Victorian Liberals' administrative committee met on Thursday night and agreed to lend former leader John Pesutto $1.55 million to settle his debt to first-term MP Moira Deeming. The Hawthorn MP was ordered to pay $2.3 million in legal costs to Mrs Deeming after the Federal Court found he defamed her by implying she was associated with neo-Nazis. It left him facing bankruptcy, which would have triggered his exit from parliament and a subsequent by-election in his marginal seat, unless the debt was paid back in a matter of weeks. Mr Pesutto, who has already coughed up $315,000 in damages, had only raised about $750,000 through wealthy backers and a GoFundMe campaign. An offer to defer some of the legal bill in exchange for Mrs Deeming's guaranteed preselection and Mr Pesutto swearing off trying to return as leader for three years was rebuffed. In a letter to party members on late on Thursday, Victorian Liberal president Philip Davis said the money would be paid directly to Mrs Deeming. Mr Pesutto will be required to repay the loan at market-rate interest. Mr Davis said the deal would avert a by-election and allow the Liberals' parliamentary party to focus the issues that matter to the Victorian community. "Settling this matter once and for all is in the interests of the party as it will see an end to the ongoing commentary that is letting Labor get away with their appalling performance," he wrote. "Victorians needs a change of government." Entering parliament on Thursday morning, Mr Pesutto was upbeat about the committee agreeing to his loan request. "Tonight's an opportunity to square (the issue) off and put it all behind us," he said. Mrs Deeming, who was expelled from the party room before being welcomed back in December, was sceptical it would end the infighting that has engulfed the party since March 2023. "I assume that they will continue with their quest to try to annihilate me," the upper house MP said. Mrs Deeming said the party could "do what they like" but she would take any support of Mr Pesutto as a "direct rebukement (sic)" of the court judgement. Opposition Leader Brad Battin attended Thursday night's meeting but would not reveal to reporters how he planned to vote. Mr Battin urged Mrs Deeming and Mr Pesutto to "smell the roses" if either woke up on Friday morning unhappy with the outcome. Time is running out for Mr Battin to unite the Liberals before the next state election in November 2026.