The ABS release of annual inflation data to the December quarter of 7.8% reveals many Australians will be paying more for housing with rapidly rising rents and a likely RBA rate increase at the February 7 meeting, according to the Australia Institute. “This increase is bad news for Australians struggling with the cost of living,
Research released today by The Australia Institute shows that a cotton industry in the Northern Territory would not bring significant employment or tax payments. The findings were submitted to the NT Government’s water policy consultation process, which closed yesterday. Key points: The cotton industry does not create significant employment in Australia. Cotton growing employs just
New research reveals Australian coal export revenue reached $112 billion in 2021-22, an increase on the previous year of $73b or 186%, as Federal Parliament reconvenes to legislate price caps on coal and gas companies making windfall profits, according to a new report From Russia With Love by leading public policy think-tank the Australia Institute.
More than 100 economists and tax experts have published an open letter calling on Prime Minister Anthony Albanese to reconsider the Stage 3 tax cuts for high income earners, labelling the tax cuts as economically unaffordable and unfair. The open letter appears as a full-page advert in the SMH & The Age today. High profile
The Australia Institute surveyed a nationally representative sample of 1,001 Australians about their views on wages and cost of living between 1-4 November. The majority of Australians report that their wages have not kept up with the cost of living over the past 12 months. “This research shows most Australians feel like they are falling
Industrial Relations Reform Sets Stage for Significant Acceleration of Wage Growth.
Stronger climate action and better resource sector governance are two ways in which Australia can partner with countries in our region to promote stability according to a research submission by the Australia Institute to the Inquiry into supporting democracy in our region. Key Points: Climate action has languished for the last decade and fossil fuel
New research shows Australian workers are on average working 6 weeks unpaid overtime per year, costing over $92 billion dollars in unpaid wages across the economy. The average worker is losing over $8,000 per year or $315 per fortnight due to what researchers have branded “time theft”. 23 November 2022 marks Go Home on Time
Proposed reforms to Australia’s industrial relations laws are likely to support higher coverage for collective bargaining in the national labour market, and provide a boost to stagnant wage growth according to new research from the Centre for Future Work. The report reviews historical data on the erosion of collective bargaining in Australia, and its close
New research from the Centre for Future Work quantifies the dramatic risks faced by workers whose employers unilaterally terminate enterprise agreements during the course of renegotiations. This aggressive employer strategy, which became common after a precedent-setting 2015 court decision, would be curtailed by new industrial relations legislation proposed by the Commonwealth Government.
New polling research reveals an overwhelming majority of Australians (86%) support a government intervention in the gas industry, either through export controls, a windfall profits tax, or both. Key Findings: An overwhelming majority of Australians (86%) support a government intervention in the gas industry, either through export controls or a windfall profits tax or both.
The October Budget delivers on a range of welcome bread & butter commitments, but has deferred solving Australia’s meat and potatoes revenue problems until at least May 2023, according to independent think-tank the Australia Institute. “The meat and potatoes revenue reforms Australia needs, like scrapping stage 3, a windfall profits tax, or fixing the PRRT
New research shows multinational gas corporations are using sophisticated accounting tricks and loopholes to avoid paying their fair share of tax, despite making windfall profits. The new report Reforming the Petroleum Resource Rent Tax shows how billions could be raised in the Budget by fixing loopholes and cracking down on multi-national tax avoidance in the
A comprehensive review of inflation released today by the Australia Institute’s Centre for Future Work reveals that the inflation targeting in place since the early 1990s is not the neutral policy many assume it is. In that time inflation has missed the target more from below than above, and has coincided with a shift of national income away from workers to profits as wages have stagnated.
New analysis shows Liquified Natural Gas (LNG) producers reaped up to $40 billion of windfall profits in FY 2021-22 thanks to soaring global gas prices due to the war in Ukraine. The research comes following a damning report from the ACCC into the gas industry around price-fixing and subsequent condemnation of cartel-like behaviour on the
New research has revealed that Gen Z would receive only 2.8% of the first year of the Stage 3 Tax Cuts legislated by the Morrison Government. The newly released age-based data break down reveals that in financial year 2024-2025, those under 25 years old would receive only 2.8% of the billions in tax cuts which
New research reveals more than twice as many Australians value good economic management over sticking to election promises regardless of how economic circumstances have changed, according to the Australia Institute. The polling also reveals almost twice as many Australians support repealing the State 3 tax cuts than those who oppose, and most Australians accurately understand
Seafarers working on foreign-registered freight ships in Australian waters face regular theft of wages and other entitlements due to legal loopholes and lax enforcement of labour standards, according to a new research report published today by the Australia Institute’s Centre for Future Work. The report, titled Robbed At Sea, examines records of wage inspections conducted
New polling research reveals a majority of Australians agree that junk food advertising during children’s viewing should be banned, and an overwhelming majority support a ban on TV gambling advertisements. A majority of Australians also supported bans on alcohol and tobacco advertising on TV, and more agree than disagree that ads promoting fossil fuels should
The Labor Government has today announced the creation of a biodiversity certificates scheme which would see the conversion of Australia’s ecosystems into a new type of tradeable credit that would be traded to ‘compensate’ or ‘offset’ damage to the environment. “The Government’s announcement of a new ‘biodiversity certificates scheme’ raises concerns of more false solutions
As Minister Richard Marles lifts Peter Dutton’s ban on some charity and diversity events in Defence, polling research has revealed most Australians are either unfamiliar with the term ‘woke’, or would describe themselves as ‘woke’. Key Findings: Of those who described themselves as woke, three in five were major party voters (59%) and more intended
A complete disregard for the law by the Tasmanian Planning Commission and a lack of oversight by the Tasmanian Government, has been revealed by the release of documents via a Right to Information request by the Australia Institute Tasmania. The latest Federal State of the Environment Report paints a grim picture of why these reports
As early childhood educators prepare to strike and with Government poised to release terms of reference for a Productivity Commission review into the struggling system, new research has recommended Australia look at successful overseas policy options to deliver affordable, quality Early Childhood Education & Care. New research has recommended the terms of reference for the
Key Points: New research shows 2/3 Australians support a windfall profits tax, with only 12% opposed (attached) Western Australians (71%) are the most likely to support the introduction of a windfall profits tax followed by Queensland residents (69%). Origin revenue has more than doubled on the strength of commodity prices, cash distribution from Australia Pacific
New research shows that only a trivial portion of Australia’s inflation has come from wages this year, while rising prices continue to drive not just inflation, but profits to record highs. Key findings: Wages made no contribution to Australian inflation in 2019-2020, or 2020-2021, measured using the ABS’s broadest indicator of inflation, the GDP Deflator
As the Fair Work Commission prepares to announce this year’s increase in the national minimum wage, new polling data shows that the vast majority of Australians support lifting wages to keep up with rising inflation. The Australia Institute conducted a special exit poll, surveying a nationally representative sample of 1,424 Australians on the evening of
Nobel Laureate, former World Bank Chief Economist, and best-selling author Professor Joseph E. Stiglitz will visit Australia in July 2022 to discuss the need to expand the role of governments, unions, and civil society. The tour, hosted by the Australia Institute, will see Professor Stiglitz speak at a wide range of events for the general
The long-awaited Legislative Council Fin Fish Farming in Tasmania Inquiry report tabled in Parliament today, highlights the many problems faced by the industry. The Australia Institute Tasmania commends the Committee’s call for an overarching Marine Plan for Tasmania through a comprehensive stakeholder consultation, informed by assessment of environmental, social and recreational values, with a transparent
Key Points: Unemployment falls 0.1% to 3.9% 4,000 jobs created in last quarter, but unemployment fell by 11,000 7,000 people gave up looking for work this quarter, shown by the participation rate falling to 66.3% (from 66.4%) “Today’s ABS statistics reveal that more people gave up looking for work than found a job in the
“The latest wages data show that real wages in the past 12 months fell 2.5%. This horror result for workers shows that not only are wages not putting pressure on inflation but that workers are not seeing the benefits of lower unemployment,” said Greg Jericho, employment & fiscal policy director at the Australia Institute’s Centre