AUSTRALIA GREENS SUPPORT LETS TIME-BASED CURRENCY
GPO Box 2019, ACT 2601 Ph - 02 6247 6305 Fx - 02 6205 0007 mailto:email@example.com
Economic Policy http://www.greens.org.au/policy/s1economic.htm
2.3.14 Taxation Issues in Regard to Alternative Monetary Systems:
"Among community groups there have spontaneously come into existence bartering systems, the best known of which is LETS (Local Exchange Trading System). Local currencies are used as payment for goods and services. The Australian Greens support the present contention that such trading should be taxed when a professional carries out a job or sells an item but not if the payment concerns somebody working outside his or her normal trade."
"The objectives of the policy include: h) strengthening the role of credit unions, Local Exchange Trading Systems (LETS), and ethical investments;"
3.3 Short Term Targets: 3.3.2 Community Financing Options: Cooperatives, LETS and Ethical Investment
"The Greens will support the establishment and use of community controlled investment facilities which direct investments to eliminate reliance on foreign borrowings by both the public and private sectors. Investments in ethical enterprises which emphasize both social and environmental sustainability will be encouraged. The Australian Greens will explore a range of opportunities to assist these measures, and support: d) establishment of a cooperative bank; and e) establishment of LETS and encouragement of the involvement of local business."
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