Big holes in Hockey's Qantas checklist

Legacy IR arrangements at Qantas underscore hypocrisy in the treasurer's attack on SPCA wages. A more comprehensive approach is needed to defining grounds for industry aid.

Treasurer Joe Hockey’s rather casually released ‘checklist’ of exceptional circumstances that justify federal assistance to ailing companies is at least an attempt to bring some consistency to the industry assistance debate. 

The list is, however, incomplete. In fact, the checklist is little more than a restating of what makes the Qantas case special, and would shine little light on future calls for taxpayers to see national advantage in private-sector bailouts. 

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