Australians pay more in beer tax than what the government collects from companies exporting our gas. Senator David Pocock has been calling it out in Parliament, it's doing the rounds, and it's got Jase fired up. He's done the numbers on the petroleum resources rent tax, looked at how Norway faced the same situation with their oil boom and took a very different approach, and what a 10% levy on Australia's resource exports over the last 20 years could have built.

On this episode, we discuss:

00:00) Intro
(00:17) Australia's Beer Tax vs Gas Export Tax
(00:40) David Pocock's Beer Tax vs PRRT Video in Parliament
(01:47) $2.7 Billion in Beer Excise vs $1.5 Billion from Gas Exports
(03:00) How Much Tax Do Teachers, Truck Drivers, and Emergency Workers Pay
(04:16) Australia's $1 Trillion Government Debt
(04:43) Australia Pays $67 Million a Day in Interest
(06:21) Where Australia's Tax Revenue Actually Comes From
(07:13) Norway's Oil Tax and the $2.5 Trillion Sovereign Fund
(08:49) $460,000 Invested Per Norwegian Citizen
(10:46) What a 10% Australian Resource Export Levy Could Have Built
(13:54) The Prime Minister's Response on the PRRT
(15:46) Career Politicians and Short-Term Thinking
(17:32) Paying Politicians More to Attract Better Leaders

David Pocock's Senate question on beer tax vs gas tax: https://www.youtube.com/shorts/UZln5YCghKo

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

You see it all the time. Mega successful people sharing their business advice online. But does any of it actually stack up when you're running a small business day to day? Today we're taking 10 business lessons from the new Audi F1 team boss Jonathan Wheatley and pressure testing them against the reality of small business life to see what actually resonates and what's unrelatable.

On this episode, we discuss:
(00:00) Intro
(01:05) Ten Business Lessons from the New Audi F1 Team Boss
(02:20) Invest Properly from the Start as a Small Business
(05:06) Stop Keeping Up with the Joneses When Starting Out
(06:00) Why Playing the Long Game Pays Off in Business
(09:18) Why Every Small Business Needs a Three to Five Year Plan
(10:35) How to Blend Experience with New Talent When Hiring
(13:45) What Leading by Example Really Means in Small Business
(16:55) Define Roles Clearly and Give Your Team Autonomy
(19:36) Build a Strong Identity and Brand at Any Size
(20:49) The Pricing Power of Having a Strong Brand
(21:50) How Budget Constraints Actually Force Innovation
(24:16) Leverage Data but Trust People to Make Decisions
(26:39) Combine Proven Performers with Rising Stars

Episode Resources:

The AFR article we reference in this episode:
https://www.afr.com/companies/sport/10-tips-to-overtake-the-competition-from-the-head-of-f1-s-newest-team-20260129-p5ny0x

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Family Trusts can be a seriously powerful structure for income distribution and asset protection, but they only work well when you’re across the rules and the deadlines. We talk through how trust distributions actually work, what needs to be documented before 30 June, and what changes in ATO reporting mean now that trust distributions are showing on pre-fill reports. If you’ve got a family trust or you’re thinking about setting one up, this is the stuff you want to be across so it does what it’s meant to do.

On this episode, we discuss:

(00:00) Intro
(00:19) Family Trusts: Powerful Structure Or Problematic?
(01:14) How Income Splitting Works In A Family Trust
(02:27) Asset Protection And Why Sole Traders Can Be Exposed
(04:00) The 30 June Deadline For Trust Distribution Minutes
(06:39) The Tax Strategy Of Distributing To Adult Children
(07:22) Trust Distributions Will Show On ATO Pre Fill Reports
(10:14) Section 100A: The Rules On Reimbursement Agreements
(13:04) The Risks Of Distributing Trust Income To Pensioners
(14:20) Buying Property In A Family Trust
(16:08) Why Banks Are Tightening Family Trust Lending Right Now
(20:07) The Cost Of Moving Company Shares Into A Trust Later
(23:44) The Family Trust Compliance Checklist For 2026

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.