September 2018

5 ways the ABC board appointment process can be reformed right now

in Medium

The crisis currently engulfing the ABC demonstrates clearly that the process for ABC Board appointments, including the appointment of the Chair, is in urgent need of reform in order to depoliticise future appointments and protect the ABC’s independence. “Revelations that many directors of the ABC’s eight-member board were directly appointed by the minister rather than

How consumers could cash in from the National Energy Market using Demand Response

in Medium

The Australia Institute, Total Environment Centre, and the Public Interest Advocacy Centre have submitted a rule change request to AEMC, with support from Energy Consumers Australia. One of the largely unknown features of our national electricity system is that anyone is entitled to submit a request to reform the market rules. The Australia Institute has

7 reasons why using ‘environmental water’ for farming is a really bad idea.

in Medium

Bad for the environment, bad for irrigators’ rights, not helpful for the farmers it is supposed to help — in a competitive field, this is truly one of the worst water policy ideas of recent times. Much of Australia is experiencing drought, so why don’t we give farmers water that would just be ‘wasted’ on the environment? That’s the

Climate of the Nation 2018 wrap

The annual Climate of the Nation report has tracked Australian attitudes on climate change for over a decade. This is the first Climate of the Nation report produced by The Australia Institute, after being produced for a decade by the Climate Institute. Key findings > 73% of Australians are concerned about climate change, up from

As of September, Gas & Coal Power Plants have broken down 100 times so far in 2018

in Medium

On average, that’s one gas & coal plant breakdown every 2.4 days. Above: Yallourn W Power Station, image used under Creative Commons license. The Australia Institute’s Gas & Coal Watch has been tracking gas and coal power plant breakdowns, and as of 2 September 2018, has recorded 100 such breakdowns this calendar year. So we crunched the

August 2018

Remember, economic debates should still be democratic.

by Richard Denniss in Medium

Dr Richard Denniss, Chief Economist of The Australia Institute, joins JOY radio to discuss: What happens if… we rebuild the economy? “I think we’re at a really interesting point in Australian politics,” says Dr Richard Denniss, Chief Economist of the Australia Institute. Deniss has joined JOY radio’s Dan Roberts & Jan Di Pietro to talk about the economy. He highlights,

Lendlease – reported full year results on 22 August 2018

New analysis by The Australia Institute shows that based on Lendlease’s annual report, the company tax cut would be a $825.7 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 1,066.2 Company tax 2017-18 272.6 Benefit from company tax cut based on

Big Four Banks

New analysis by The Australia Institute shows that based on the big four banks’ reporting, the company tax cut would be a $39.49 billion gift over the first decade of the cut to just these four companies. Big Four Banks $ million Profit 2017-18 44,262 Benefit from company tax cut based on 2017-18 profit 2,173

Fortescue – reported full year results on 20 August 2018

New analysis by The Australia Institute shows that based on Fortescue’s annual report, the company tax cut would be a $1.523 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million (converted from US$) Profit 2017-18 1,705.7 Company tax 2017-18 502.8 Benefit from company tax

Woolworths Group – reported full year results on 20 August 2018

New analysis by The Australia Institute shows that based on Woolworths Group’s annual report, the company tax cut would be a $2.175 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18          2,394 Company tax 2017-18             718 Benefit from company tax cut based

Telstra – reported full year results on 16 August 2018

New analysis by The Australia Institute shows that based on Telstra’s annual report, the company tax cut would be a $4.765 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 5,102 Company tax 2017-18 1,573 Benefit from company tax cut based on

QBE – reported half year results on 15 August 2018

New analysis by The Australia Institute shows that based on QBE’s annual report, the company tax cut would be a $87.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 394.0 Company tax 2017-18 29.0 Benefit from company tax cut based on

Woodside – reported half year results on 15 August 2018

New analysis by The Australia Institute shows that based on Woodside’s annual report, the company tax cut would be a $1.76 billion gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 (Twice half year result) 1,740 Company tax 2017-18 (Twice half year result)

JB Hifi – reported full year results on 13 August 2018

New analysis by The Australia Institute shows that based on JB Hifi’s annual report, the company tax cut would be a $306.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 334.5 Company tax 2017-18 101.3 Benefit from company tax cut based

Aurizon – reported full year results on 13 August 2018

New analysis by The Australia Institute shows that based on Aurizon’s annual report, the company tax cut would be a $296.8 million gift over the first decade of the cut to just this one company. Return to Revenue Watch $ million Profit 2017-18 326.0 Company tax 2017-18 98.0 Benefit from company tax cut based on

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