
It sounds so very Republican-Party: the appointment to the board of the Reserve Bank of a rich businessman who has made over a million dollars in donations to the Liberal Party. Of course it was Robert Gerard's eminent suitability for the position that they took into account during the appointment- so overwhelming were his qualifications for the position that it in fact blinded them to the knowledge that Mr Gerard had donated wads of cash to the Liberal Party. Mr Gerard is just so competent and invaluable in his role on the board that he doesn't even need to turn up to meetings!
He's such a great guy that when the tax office noticed that his company's payments of millions of dollars to an insurance company (coincidently based in a Caribbean tax-haven) were claimed as tax-deductions and then routed back to his own company in Australia, they let him pay it back with no admission of wrongdoing or liability- in fact, if you believe Mr Gerard, he did nothing wrong at all. He paid the tax-office $150 million out of the goodness of his heart, despite the injustice of its hurtful allegations. As any good businessman would do.
So persuasive are Prime Minister Howard and Peter Costello's statements in defence of Mr Gerard that I will have to abandon my initial assumptions of how it looks to have a major Liberal Party donor who paid millions through a $12000 company based in the Dutch Antilles and owned by himself that he, sorry, his company subsequently claimed as tax deductions and then quietly paid back to the ATO with no consequences whatsoever sitting on the Reserve Bank Board. We obviously need more Robert Gerards in this country.









































