Australian High Commissioner to the UK, Alexander Downer, returned home yesterday after a flying visit to the Isle of Man.
Mr Downer, who is usually based on the Strand in London, arrived at Ronaldsway airport on Monday where he was met by new Chief Minister Howard Quayle.
Mr Downer’s role as High Commissioner, representing Australia not just in the UK but also in the associated Crown Dependencies.
‘In that role, I have been trying to visit as many of the Crown Dependencies as possible,’ he said.
Explaining the average Australian’s perception of the Isle of Man, he said: ‘Really, in Australia, the Isle of Man is famous for two things: the TT races, and for Tynwald, as the oldest continuous parliament in the world.
‘But there are also quite a lot of Manx men and women in Australia, who have emigrated there over the years, so there are links at that level in terms of population.’
In addition he said he was interested to see the relationship between the Isle of Man and the UK.
‘It is an interesting model,’ he said.
‘Independent of the UK with no inheritance tax, capital gains tax or corporation tax.
‘So I am also interested to see what impact that has on people’s lives and the societal impact of such a regime.’
He said he was impressed to hear the Manx economy was growing by between five and six per cent per year and that unemployment was low, in stark contrast to continental Europe.
‘The unemployment rate in Australia is around six per cent. That’s not high, but it’s a lot higher than here,’ he said.
Post Brexit, he said a trade agreement with the UK was a possibility and something that, by extension, the Isle of Man could also benefit from.
After arriving on Monday, he met a number of the new government ministers, including Treasury Minister Alfred Cannan and Economic Development Laurence Skelly,
‘We chatted about the economic challenges faced by the Isle of Man and the island’s investment strategies,’ he said.
‘In a short period of time I’ve been filled with a lot of information.’
Another item on the agenda was a meeting with representatives from the Financial Services Authority.
‘I am interested to see how financial services are organised here and the regulatory regimes that are in place. The issue of transparency is clearly an important one,’ he said.
‘I’ve been very impressed with the regulatory systems that are in place here.
‘Basically we don’t want Australians making use of any loop-holes in the system to avoid their oblicagios to pay tax to th Australian government. But there is no evidence that they are doing so in the Isle of Man.’
On Monday evening he attended a meal along with the island’s Lieutenant Governor Sir Richard Gozney, as well as various representatives from the island’s business community.
Summing up some of the benefits of his visit to the Isle of Man, he said: ‘I hope the Isle of Man has learned something about Australia and it certainly illustrates that we have some linked interests. For example, there are 142 Australians living in the Isle of Man. And there are also many people from the Isle of Man who, over the past few hundred years, have emigrated to Australia. So there are Manx connections. ‘
He said he was also considering if there were investment opportunities in the island that would interest Australians based in the UK and the Isle of Man. He said if they were consulted for advice it meant they could talk about the system in the UK and the Crown Dependencies such as the Isle of Man.
Before leaving on Tuesday night, at the end of his whistle stop tour, he fitted in a short sight-seeing session in the form of a visit to the world’s largest working water wheel, the Lady Isabella in Laxey.
‘I’ve found the Isle of Man to be a delightful place with friendly and engaging people,’ he said.
The Australian High Commission offers services including travel, passport and legal advice for Australians who are travelling in the UK. It is the Commonwealth equivalent of an embassy.