1. Our Promise
  2. Sovereignty
  3. Honest Money
  4. Fair Tax
  5. Banking
  6. Reserve Bank

For the truth is, that the supreme, absolute and uncontrollable authority, remains with the people.

The framers of the Australian Constitution

Australian sovereignty means that only the Australian government has supreme authority on our continent - and that the source of this authority rests with the people of Australia, who must give their consent to being governed.

Australian sovereignty is under threat from the following:

  • International treaties.
  • Corporatism.
  • Government ignoring the people.
  • Privatisation of our money supply.

Only the ASP will address these issues - which if left unchecked will continue to result in job losses, the closure of factories, higher taxes, higher inflation, higher debt, laws that favour special interest groups and unaccountable politicians.

Sovereignty Policy

Our whole monetary system is dishonest, as it is debt-based… We did not vote for it.

The Earl of Caithness
Speech to the House of Lords

Most of our money in Australia is created by private banks. We have to borrow this money in order to have our national currency. The consequence of having this "debt based" money system is:

  • Tax rates will always increase with time.
  • Prices will always increase with time.
  • Household debt will always increase with time.
  • Government debt will always increase with time.

The ASP Monetary Policy is to have our government create all the money that is used within our economy, and to spend it into circulation on infrastructure.

This policy was tried in the past on the Isle of Guernsey and it worked magnificently. If we implement this policy in Australia - tax revenues can be reduced by 33%. Additional benefits are:

  • Government debt will be paid off.
  • Price inflation will be reduced to zero.
  • Tax rates will be slashed.
  • GDP will increase.
  • Infrastructure will be upgraded.

Honest Money Policy

The art of taxation consists in so plucking the goose as to get the most feathers with the least hissing.

Jean Baptist Colbert

Below are a few of the things that are wrong with our tax system:

  • We have over 125 different taxes.
  • The Income Tax Assessment Act is 351 pages long.
  • The tax system favours the rich who employ tax experts.
  • GST is a regressive tax (i.e. the lower your income, the greater the proportion of your income is taken).

The ASP Tax Policy will replace all 125 taxes (except for Customs and Excise Duties) with a single Debit Tax. This tax will  tax your expenditure - not your income.

This Debit Tax is:

  • Fair - it will apply equally to individuals and companies.
  • Simple - the act will be no more than 50 pages long.
  • Cost effective - it will not require any accountants.
  • Adequate - it will raise all the revenue required.
  • Transparent - there will be no "hidden taxes".
  • Unavoidable - nobody will be able to rort the system.

Fair Tax Policy

I am afraid the ordinary citizen will not like to be told that the banks can and do create money.

Reginald McKenna
Past Chairman of the Midland Bank

The ASP is not "anti-banking" - we recognize that banks play a vital role in our economy. However, banks have usurped a key role of our government, and the situation can be remedied by applying this basic principle:

There must be a separation of banking and government.

Banking is the business of:

  • Accepting deposits.
  • Lending money that has been deposited.
  • Providing financial services.

Government must be responsible for:

  • Protecting our inalienable rights.
  • Creating our national currency (i.e. money).
  • Maintaining the value of our money.

The right to create our national currency is the sole prerogative of our sovereign government. Unfortunately, this right to create our money supply has been privatised.

Banking Policy

The banks do create money. They have been doing it for a long time ... and they did not admit it.

H. W. White
Chairman of the Associated Banks of New Zealand
New Zealand Monetary Commission - 1955

Here are some facts about the RBA:

  • It is a Commonwealth Authority.
  • It does not lend money to the government.
  • It does not create or issue our coins in circulation.
  • It sells paper currency for commercial bank money.
  • It does not control the quantity of money in circulation.
  • It sets the interest rate for "RBA money" - not "commercial bank money".

rba-buildingThe primary role of the RBA is to set monetary policy - which it does by fixing the "cash rate". In reality - the government has given to a group of unelected people from industry, the right to set the mortgage rates of all Australians.

The ASP will ensure that our government reclaims its sovereign right to create our money supply, and that the following limited duties are delegated to the Reserve Bank:

  • To accurately measure monetary and price inflation.
  • To physically create our money supply (paper, coins and digital).
  • To control the quantity of money in circulation.
  • To limit this quantity relative to price inflation.
  • To place new money into the Consolidated Revenue Fund.
  • To allow the market to determine interest rates.

Reserve Bank Policy

Our Vision

Our Vision

The Australian Sovereignty Party believes that Australia should be a united, democratic and sovereign nation - standing on a firm foundation of truth, freedom and justice for all.

au-flag  More for workers than Labor.
    au-flag  More for business than the Liberals.
        au-flag  More for farmers than the Nationals.
            au-flag  More for the environment than the Greens.




For the Press

The ASP has 2 major policies. These are:

no-1-red A Single Fair Tax.
Implement a Debit Tax at a flat rate of 1%. This new tax will replace all existing taxes - such as the income tax, the GST and the carbon tax. The Debit Tax is not only fair, but it is easy to understand and to implement. Best of all - it will generate a budget surplus of $235 billion.
no-2-red Honest Money.
Implement an Honest Money system. This will allow the government to "create and spend into circulation on infrastructure" all forms of our national currency (i.e. notes, coins and digital currency). Presently, only notes and coins are created for the benefit of the government. By implementing this policy - GDP will increase by 10%, government debt will be eliminated, personal debts can be reduced and taxes can be cut. The $107 billion of additional annual revenue that is generated from this policy will be in the form of seigniorage.


Why you should vote for the ASP

Below is a summary of our policies. For details on any individual policy - use the menu above.

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  • One simple and fair tax - applied to all.
  • An honest money system.
  • Protection of natural rights.
  • Small and efficient government.
  • Elections to recall rogue politicians.
  • High quality health care and education.
  • Better rural development.
  • Genuine environmental care.
  • Freedom of speech and association.
  • No GST and no personal income tax.
  • No carbon tax.
  • No government debt.
  • No ignoring the will of the people.
  • No more jobs leaving Australia.
  • No privatisation of public assets.
  • No treaties without a referendum.
  • No "wide open" borders.
  • No government control of the Internet.


Benefits of the ASP Monetary Policy

The ASP Monetary Policy is based in part on The Chicago Plan (i.e. that the government should created all the money in circulation, and that banks should be limited to lending existing money). The International Monetary Fund ran a computer model in order to quantify the benefits of this plan, and their results showed the following:

  • GDP will increase by 10%.
  • Price inflation will drop to zero.
  • Government debt will be dramatically reduced.
  • Personal debt will be dramatically reduced.
  • Business cycles will be smoothed out.

Following the publication of their detailed report, the IMF also produced a summary of their report in slide format.

In similar vein, Professor Yamaguchi also ran a computer model based on "debt free money" (i.e. where the government creates all of the money in circulation), and his report concluded that:

  • GDP will be higher.
  • Price inflation will be lower.
  • Government debt will be eliminated.
  • Taxes will be lower.
  • Income will be more fairly distributed.


Become an ASP member

peopleIf you believe in our policies, and want to make a difference (however small) - then become a member of the ASP.

Taking that first and small step of educating yourself and your friends about our monetary system will eventually lead to bigger changes that will transform Australia into a better and more fair society. Remember, that by doing nothing in the face of corruption and deception, you become complicit to such actions.

Become a member by signing up here.


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Videos - Featured

Bill Still supports the ASP Smile

A 10 year old explains money

3 Steps to fix the economy

What is money

Why the rich get richer

Why banks make so much money

Why is there so much debt

Simple solution to debt crisis

Century of American enslavement

Banking 101 (part 1)

Banking 101 (part 2)

Banking 101 (part 3)

Banking 101 (part 4)

Banking 101 (part 5)

Banking 101 (part 6)

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