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(generated from captions) A lovely weekend coming up to

spend an hour or so at the

botanic gardens viewing flowers

like this Dryandra

quercifolia. Indeed. Thank you

very much, Mark. Before we go

a brief recap of our top

stories tonight. The Federal

Government has a ups no a $200

million rescue package for

Holden ensuring the car maker

will stay in Australia for

another decade. And

Australia's most wanted man,

Malcolm Naden, has been charged

with murder. He was caught by

New South Wales Police

overnight after 7 years on the

run. And that's the news for

now. You've been watching the

ABC's Canberra news bulletin

here on ABC1. I'm Virginia

Haussegger. Thanks for joining

me. Stay with us now for 7.30

with Chris Uhlmann. Goodnight. Closed Captions by CSI

voters prepare Bye bye Bligh, Queensland

voters prepare to humiliate

Labor. Think long and hard

about giving Campbell Newman

and the LNP an unfetterred pour

to do what they like. I can

assure people we will not win

this election unless people

change their vote. And big

promises, little

return. Effectively, their

investment becomes worthless overnight. The development

schemes leaving people empty

handed. The simple solution is

make them illegal. make them illegal. Shut them

down. This Program is

Captioned Live. Anna Bligh's Queensland Labor Government appears on track for a political wipe-out in Saturday's State Election. At

the end of a long and nasty

campaign, opinion polls suggest

Queensland Labor will be

reduced to a rump of barely a

dozen seats and may face a

decade or more in the political

wilderness. The election will

be won and lost on State be won and lost on State

issues, but it will be keenly

watched by Julia Gillard's Federal Labor Government

because Queensland also holds

the key to its electoral

future. John Taylor reports

from Brisbane on how it came to

this. She's calling it the

Bligh blitz. Queensland

Premier Anna Bligh's

time crisscrossing of the State in a

time rush around dozens of

electorates. It is looking

more like a farewell tour and

the Government's final ads

amount to a concession of

defeat. He'll probably win on

Saturday and by a big margin,

but with Campbell's weather deals be careful how much power

you give him. A massive

majority gives him a massive

amount of power be that's never

a good thing. Latest polls

point to an electoral it

wipe-out that could see Labor

left with its worst result in

decades facing a long period in

Opposition. They suggest Labor

may win around a dozen spots in

an 89 seat Parliament. Anna

Bligh is warning of the dangers

of an LNP landslide. Think

long and hard about giving

unfetterred power to do what Campbell Newman and the LNP an

they like. Labor has held power

since wane got toppled the since wane got toppled the

National Party in 1989 except

for a few years in the 90s.

Perhaps the electoral is tired

of Labor. Anna Bligh has been

haunted by controversial asset

sales announced right after the

last election. There have been

administrative woes he's well

like a Health Department in

constant crisis and a former Minister jailed for corruption.

The man apparently heading for

the premiership is former the premiership is former army

officer and Brisbane Lord Mayor

Campbell Newman. In terms of

what I say to you today, we're not taking anything for

granted. We will be fighting

until 6pm and if we're elected

as Government, on day one we've

made commitment if in that

contract I manneded out to

people today to get going with

the job of fixing up

Queensland. I've always said

it was going to be tough. I've

always been saying every single

vote countses and we are vote countses and we are

fighting up until 6pm. In a

signal to voters, he not only

wants to govern but it ready to

do it. He released a plan for

his first 100 days in office.

It includes issuing to the

whole of government a 4%

unemployment target to combat

the current rate of 5.7% which

is the highest on the mainland.

Campbell Newman is a risk

taker. He's trying to be

Premier when he's not even a Premier when he's not even a

member of Parliament. I've

never seen a contest where the

leader of a party has been

contesting a seat that they

don't own in order to get to be

leader after the election and

where that seat has required a

7% wing to be won in the first

place. Pity the people of

Ashgrove in recent weeks. The

brings tin electoral that

Campbell Newman has chosen for

his launching pad. They've been

polled a number of times.

Three times in the last week but that was all.

Disglumpblingts you get a lot

of people waving for and for a

he will Roo estate agent that's

very unusual. I think it put a

little people at off their game

a bit. You know, they're not

used to seeing this type of

American almost bore terg

American style

campaigning. White greater

Brisbane the key election

battle ground Ashgrove is the

most watched contest as all.

Ashgrove is a safe Labor seat

held with a margin of 7.1%.

But the two Federal seats that

take in the same streets of

Ashgrove are held by the

Liberal-National Party and the

local government seats for the

same area are two held by the

LNP. So while at first glance

has it seems like Campbell Newman

has picked a tough fight, the

conservatives are betting that

some of that Federal and local

support will come his way.

32-year old Kate Jones is the

young career Labor politician

who currently represents

Ashgrove. Labor has smothered

in resources. Its dream, wish,

last hope, is that the LNP

takes government but Campbell

Newman doesn't get into

important seat I Parliament. This is the most

important seat I think for my

community, but also for both

sides of politics. In a sign of

how serious she is, she gave up

being a Minister to concentrate

on Campbell Newman. And a

local debate last week shows

there's no love lost. John, I

think when life throws you a

curved ball like I was thrown

last last year, Campbell Newman

doesn't live here, we weren't

thinking he was going to run

for a seat he doesn't live in. I had

I had the opportunity to really

stop and reflect about what is

important to me. Labor has

spent much of this campaign

attacking Campbell Newman's

propriety and integrity,

particularly offer a series of developer donations while he was Brisbane's Lord Mayor. We've come a long way

since the 1980s when the old Nationals were running the

show. We know what corruption

was around then. Mr Newman

needs to come clean. He can

clear all this one by telling people what

people what he knows and what

his interests are. That line of

attack was effectively shut

down when the state's Crime and

Misconduct Commission announced

it had found to evidence of

official misconduct. While

there's been considerable doubt

whether Campbell Newman could

win Ashgrove a new poll stored

shows his support surging.

Ashgrove intat tell ground and

both candidates will fight to the

the finish. It is very tough.

The Labor Party are pretending

that somehow we're just going

to blitz it. I can assure

people we will not win their election unless people change

their vote. I've made a

decision very early in the

piece John I was going to fight

this street to street, door to

door, suburb to suburb and

that's exactly what I've gone.

? A last

? A last effort avoid

annihilation Labor wheeleded in

one of its own big guns. The

polls don't look good, we know

that, but that is no reason not

to fight and I've been so proud

of you, Anna, the way you've

put your nose to the grind

stone and really fighting out

to the last moment and you too

because your seat is extremely important. Whilst some party faithful may think Bob Hawke with walk on with walk on water, nothing

short of a political miracle

will save Labor from an

electoral wipe-out this

weekend. John day lar reporting

from Brisbane. It is quarter

time in Federal politics both

houses have risen and won't

reconvene until the May Budget.

The coalition continues to

hammer themes that have worked

since the 2010 election,

particularly the carbon tax.

It might not be pretty but it

has been pretty effective. has been pretty effective. The

Prime Minister's scored a big

win this session with the

passage of the mining tax an

important part of her pitch to

win the economic argument.

Libya's also keen to reconnect

with its base, pushing its plan

to prop up Holden as a symbol

of its worker focused values.

Political editor Heather

Ewart. Very occasionally, political sides political sides do come

together and so it was on this

final parliamentary sitting day

before the May Budget. A

soccer match to raise funds for the homeless, but then it was

back to business as usual.

More Government handouts for

the car industry, namely, $2 75 million for Holden, although the Prime Minister preferred to give her funding

give her funding package

another title. This is truly a

strategic co-investment, not a

handout. In the 156 year

history of Holden I have to

tell you this has to rank as

one of the most significant days in our company's

history. We're encouraged that

this may lead to more

manufacturing jobs and that's a

good thing. What we do have many

many questions about is the

Government's funding because we

know the single greatest hit to

the car industry is the $460

million hit from the carbon

tax. It is a theme that's never

been far from the lips of every Opposition frontbencher and

their leader for the duration

of this parliamentary session.

Today wasn't going to be any

different with another

Opposition attempt to suspend

Standing Orders in the Parliament to Parliament to debate the carbon

tax. That this house calls on

the Prime Minister, the Prime

Minister, to apologise because

in breaking her promise not to

introduce a carbon tax, she is

compounding the world's highest

electricity prices. We have

lost 27 hours of Question Time,

27 hours, as a result of their

shutting down shutting down of Question Time.

That is enough time to watch

all the Harry Potter movies,

all 18 hours, to watch the Lord

of the Rings trilogy as

well. It might possibly have

been more entertaining that the

daily quiet dushed out to us by

both sides during this

parliamentary session, but as it drew to the end the Prime

Minister seemed pretty happy

with her lot. Mr Speaker, at

the start of this parliamentary session the Leader of the Opposition

Opposition said he wanted to

debate the economy. Well on

this side during the parliamentary session we have

continued to work on the

economy. Securing the future

for Holden, getting the mining

tax through the Parliament,

passing the means testing of

the private health insurance

rebate. This Prime Minister

is making a bad situation worse

with a carbon tax based on a with a carbon tax based on a

lie. So on this final day of

the session, we asked a few of

the experts to take a look at

how both side are faring. The

political winds and the losses

for the Opposition leader and

the Prime Minister. I think the

carbon tax is still going to

bite her. I think the mining

tax is going quite a problem

with some of these related irk

use going to come back at her

through the States. The

spending, the waste and the boats still boats still coming, basically

the same agenda we've had for

the last 12 months. They had to

hit the carbon tax hard because

it was so fundamental that a

Prime Minister promised to not

introduce it and then did. You

don't leave that stuff lying

around. It won't run them to

the next election so they now

have to developing beyond. I

think government would be very

pleased how this session has

gone. I'd gone. I'd probably give the

government 6.5 to 7 out of 10.

They've got important bits of

legislation through. They get a

fairly good mark for surviving. They're passing their

legislation which is

legislation that Labor and the

Greens want. You have to give

them marks for continuing to

govern. I don't particularly

lining their legislation, but, they're alive, they survive,

they survived Kevin Rudd. they survived Kevin Rudd. Slam

the door. Look at that. The

Government has had a busy and reasonably successful

legislative agenda so far this

year with a few notable

exceptions. It has had to

delay its pokies legislation

because independent Andrew

Wilkie is unhappy with the

wording. And the Greens and

the Opposition have declared

they'll Unite to block tax cuts

to big business arising from

mining tax revenue. What you'll get under

get under us are tax cuts

without new taxes. What you're

getting un-Labor are tax cuts

that are funded by new taxes.

Why is he constantly saying no,

Mr Speaker? Because he

believes that Gina Rinehart and

Clive Palmer should get a tax

cut, not struggling Australian

small businesses. Having a good

day? day? Yes. It is a line the

Government has hammered day

after day. Will it have the

desired impact on the

electoral? Envy plays in

politics. I think for the fish

nar doughs we think it is all a

bit ho-hum, but think I it

probably does hit in some

quarters. At the same time,

Labor is in a bit of a mess on

the mining tax, let's face t

the whole thing was a

compromise. There are compromise. There are danger

times ahead for the Prime

Minister. One of those is

coming up this weekend. Is

looks like Labor is going to

struggle to make any sort of

impact in the Queensland State

Election and there's still the

matter of the introduction of

the carbon tax. I would like to

see the Opposition now move

into the next phase which is to

begin to talk about how

Australia could become more

productive. Inevitably, weir

going to have to debate industrial relation and Tony Abbott will have

Abbott will have to get over

his concern that that opens up

the play for Labor. I think

they've got to pick and choose.

I would like them to be a bit

stronger in some areas. Obviously on workplace

relation, I think on the pay

parental leave they should dump that myself. Don't think they

will. The Opposition is constantly tuned by the

government about about its

policy costs and has had moments when their economic

team don't seem to be on the

same page. It insists most policies are completed and add

up. They just won't be

released until closer to the

election. One that both sides

know will be fought on economic

credentials and the hip pocket

nerve. Unless they can see a

much better economic per for

mans in the next 12 to 18

months, she's still under the

hammer and likely to go at the

next election. Disglmpbls it

is not a hopeless casement only the two-party preferred vote

counts and Labor is only six

points behind. I'm surprised

at that. Labor's probably

surprised. The fact is it is

not an insurmountable gap. One

that both sides willed be

seeking to address in their

favour when the Parliament next

convenes for the May Budget. Heather Ewart

reporting. Australian retirees

and mum and dad investors have blown billions of dollars on investment schemes in investment schemes in crops,

like old livers, grapes and avocados. A string of collapses prompted the security

and investments commission to

recently toughen its guidelines

for agriculture based managed

investment schemes. But the

revamped of guidelines apply

only to new schemes or existing

ones looking to raise further

capital and financial advisers

warn they don't go far enough. As reporter Martin Cuddihy

found, it is a case of buyer

found, it is a case of buyer

beware. At grant vim near Melbourne Nigel Wood is

preparing for the future. His

retirement nest egg is tied up

in truffles. The more gay

Dellcy that gross underground

on the roots of oak and

hazelnut trees. I think

there's plenty of pros pick for

production at the rate of 40

kilograms a hectare and

potentially a lot more than

that. We know that some of the

most successful truffles are

producing well in excess of

that. Up to 1500 dollars a kilogram, truffles are

considered the diamond of the

kitchen and potentially a

valuable investment. Aside

from his own truffle farm in

Victoria, Nigel Wood invested Victoria, Nigel Wood invested

$60,000 in a managed development scheme called

Tasmanian truffles project

number two. It is meant to run

until 2027. I'm not far way

from retirement able. The expectation was when I was no

longer working there would be

income from the project and

that would help keep me going

in retirement. It is no secret

managed investment schemes have

a chequered past in Australia. a chequered past in Australia.

Investors have poured more than

$8 billion into agriculture

based schemes like grapes,

olives and avocados. Since

2007, there is been a

conga-line of collapses, and

beyond going concerns investors

haven't understood the

structure of the investment or

the riskings. The whole

structure of the industry needs

a major sort of review a major sort of review and

personally I can't see any

community benefits test for

retaining it. I think the

managed vests act as far as

agri schemes should be scrapped. Nigel Wood's

investment is on this property

outside Deloraine in Northern

Tasmania. Investors who pay an

annual fee were told they would

get 100% of the sale proceeds

of up to 60 kilograms per hectare. A yield was hectare. A yield was not

specified and no returns were

guaranteed, but the growers

stood to make up to $9,000 a

share every year. However,

investors like Nigel Wood may

not see any return. The yield

on similar is down, the meeting

is scheduled for early April

where there's a move to close

down the stream even though it

is not meant to produce a

truffle until this winter. Some shareholders Some shareholders want out

pause they don't think they'll

see a return. This person 45%

interest in the investments and

so have a right to it. The

vinners to who called the

latest meeting is Dr Barry Thompson who also owns a share

in the land. He stated in a

letter to other growers he can't justify his continuing investment investment after spending more

than $1 million and believes he

won't see a return. In a

written statement sent to 7.30,

Dr Thompson says his interest

in the land won't cover his

losses if the scheme is closed

down and the disgruntled

shareholders also had the

opportunity to buy land shares.

Another investor 7.30 spoke to

assist he can't understand why glow growers would be given the

the option to close down the

managed investment scheme when

it is not meant to have produce

produce anything yet. A

director of man investments Australia told him they were

looking pretty good. Despite

this, a director of managed

projects Australia has told

investors they should a assess

the future direction of the MI

S because the sitter projects

located next door located next door was well behind its production schedule.

If it is closed down, ownership

of the trees transfers to a

different company. Two of the

directors own a substantial

share of it. All of the

investors who are investors in

the project own, in other

words, who hold an interest in

the land, effectively their

investment becomes

worthless. Here's the catch.

There's nothing illegal about

the structure of this managed

investment scheme. Some investment scheme. Some

critics believe the law doesn't

go far enough to protect

investors. That's the problem

of the could you drive a truck

through the legislation how

these schemes can be set

up. Because of repeated dlapss The Australian Securities and

Investments Commission recently

beefed up its disclosure

guidelines for new schemes and

existing entities raising funds. We funds. We think there are

particular risks to the

structures or to the types of

related party engagements that

are managed investment scheme

operate may have that we think

need to be explained. One of our benchmarks clearly states

that there should be no more

than 5% holding by the entity

or related parties. Managed

projects Australia was set up projects Australia was set up

before the new guidelines came into effect. Sam Paton

believes ASIC didn't go far

enough. Putting it purely and

simply, they're a legislative

disgrace. They never added any

value for Australian tax pacers

and goodness know today they

still have bipartisan support

where there's been a whole

series of failures across all

series of failures across all industries. This investment

scheme isn't failing yet, if it

is closed down most investors

will be left empty-handed.

Even if we fail, I hope we

don't, I hope ASIC will look at

it further and pick up on some

of the lessons we've learned

compared with the lessons learn

in the bigger failures a couple

of years back. People need

to be aware that they're investing in investing in something that

doesn't have a specified return

something that may not be

leveraged precisely on what

they originally intended To my

it is a Mike koch of a much

bigger problem that'se emerged if governments don't do something about it. In doing

something about it, the simple

solution is shut them down.

Make them illegal. The

directors of the Managed Projects

Projects Australia refused too

interview but in answering

written questions said

investors with concern should

contact the responsible entity

there have only ever been two

complaints. Both have been

dealt with. You can see the

full response on our website.

Martin Cuddihy with that

report. As more and more

species become endangered and

at rises of extinction there's

not often a good news

not often a good news story

about a species come being back

from the brink. Tracy Bowden

travelled to the World Heritage

listed island to file this

report. Let's take a look.

You've got an adult female.

The Lord Howe Island's World

Heritage manager

Heritage manager bow Hank Bower

these are exciting times. He's

showing me a creature that was

thought to be extinct. It is

once again breeding at its

original home. That's the

little baby one about six or

eight weeks old. When did they

turn black? At nearly 12

months. Do they bite? No, they

don't bite. I should have

asked that asked that earlier. It this is

Dryococelus australis, also

known as the phasmid or the

land lobster and its story is a

remarkable one. It is like

finding a Tasmania tiger again.

Lord Howe Island is a treasure

trove of flora and fauna. It boasts

boasts more than 60 spooefs

unique flowering plants. One of

the world's rareness birds the

wood hen is home to a vast

array of spree sea birds. It was listed on the world

heritage list in 1981 but even

the creatures living in this pristine isolated spot have

felt the impact of perils from afar.

afar. Feral animals have

wreaked havoc on Lord Howe over the years of the especially

rats. The black rat arrived in

the Oy land in 1918 when a

supply ship ran aground on the

coast. It led to the

extinction of five species of

bird and several types of

Beatle. It thought it had killed off

killed off this suppose. The

phasmid population plummeted and locals were convinced they

were gone for good. Then after

no sightings for close to a

century, in 2001 a phasmid

skeleton was found here at

balls bir mid 23 kilometres to

the south-east. This stark

landmark is part of the volcano

responsible for the formation of Lord Howe. of Lord Howe. Next an

expedition was sent to take a

closer look. Potentially dangerous environment where we

were going across this vertical

face. We had Breakers coming

in and lapping up against our feet. Ranger Dean Hiscox and

his team searched for two days

without success. Then late one

night an unspiketeded

surprise. We were just

gob-smacked actually to

encounter these prehistoric

looking insect s on a couple of

big bushes on a ledge on the

face of the pyramid. Just

really stuff you don't

forget. The precious cargo was

transported back to Lord Howe

Island, then a pair of phasmids was send

was send to Melbourne Zoo. It

has been quite stressful at

times particularly when they

first come. Nothing was known

about their biology, their

behaviour, what they ate and

things like that. The zoo

breeding program run by Rohan

Cleave has been a huge success. We've hatched over

9,100 animals here at Melbourne

Zoo alone. We've also sent eggs to eggs to other institutions to

private breeders, to maintain a genetic diversity and

population as much as possible.

This is such a romantic story

of something that has been lost

for eight years and being rediscovered and the

significance of that alone is massive. This is their home.

They're part of the ecology here. They play

here. They play an important

role in nutrient cycling and

they're also a food item for

other native animals out

there. What's now causing real

excitement on Lord Howe Island

is that with help from the team

of Melbourne Zoo they've

finally managed to successfully

breed phasmids back here, but

it is early days. We're

waiting to see if they actually waiting to see if they actually

reach adulthood. We have been

a little bit cautious about

sending the message out until

we know they're definitely

going to survive. The ultimate

aim is to return not phasmid to

the wild on Lord Howe Island,

but first the rats which

threatened the insects in the

first place need to be

eradicated. A rodent

eradication program has been eradication program has been

planned, but it is a complex

multi million-dollar exercise

with approval and funding still

to come, a start date is at

least two to three years away.

Hopefully one day we can show

them where they really should

belong, somewhere out

there. I'm sure I saw that

creature in Raiders of the lost arrangement bode arrangement bode with that

report. John Clarke and Bryan

Dawe and the sartorially

splendid speaker. Peter Slipper

thanks for your time tonight.

It is very good to invite me

and good evening. You've taken

to this job as Speaker of the

House. I do enjoy it is a

great challenge and I enjoy. I

hope I'm run into a bit of

form. Excuse me that boy no

running near will pool. Peter

Slipper, you came to the

Speaker's job from a Speaker's job from a rather

circuitous rote. In the normal

way. You're pointed by

government. To whom you're opposed. Everything is

relative. I agree with them on

this point. You agree you

should be the speak sner I do

the This one has been a good

one. Yes. You're not as possessed to Government as you

are to the Opposition. I'm not

opposed to anybody. I'm the

speaker, I'm monument to

impartial nalt. My job is impartial nalt. My job is to

maintain order and ensure the

quality of debate in the

chamber. You've resigned from

your own party, haven't you? I was elected to represent the

good folk of Fisher my

electorate and that's what I'm

doing. You were elected to oppose Government that's

appointed to you. I'm

impartial, that's the point I'm

making. Your costing your

friend as a vote. I don't have

friends Brian. Look at the

roll. Ore sitting between the

government and Opposition in a box

box halfway up a wall. In a

dearth have a data cos-Tom.

It is not. It is the robs of

office. Let's not get

Baroque. Your answer enemies

have been quite nice to you.

Government I was elected to

oppose you mean Yes. Of course

they have they're trying to snooker the opposition of which

I was part. He I'm impacialtd

because I'm speak. Why do you

enjoy the job so enjoy the job so much. Is the

dearth have a data questions.

Two questions let's confine

ourselves to the first one.

It's very important job. The

role of the speak serthe point

of parliamentary debate. You cannot parliamentary debate

without the a speak. You refuse

duesed time for answers

questions. You have to stay

awake. How do you train for

it. For the young speakers out

there. Yes. You raise a point

of order. Point of order Mr Speaker. Speaker. Point of order.

There's no point of order.

Point of order. There's no

point of order. The

Honourable Member will resume

his seat. Point of order.

Imsitting. The Honourable

Member will being take end from

this place to another place and

will be clapped in irons and

coughed in Tom toes and soft

truth. Thank for your time.

Ring the bells. Just squus me

Brian. Who is that? That's Mrs

Have ader. There is that he no Have ader. There is that he no

point order. There wasn't a

point of order. There was a

point of order. Division

required. Hello. Ring the

bloody bells. Harrison Ford was

in Star Wars a connection I

didn't recognise until just

then. That's the program for

tonight. Tune in tomorrow for

your State's 7.30 and you can

stay in touch with us on

FaceBook and on Twitter.

Goodnight. Closed Captions by CSI