November 2018
Negative Gearing Gains Largely for the Wealthy, Despite SA Scare Campaign
Looking purely at the number of people who use negative gearing in South Australian electorates, rather than who makes the most money from the scheme, is an intentionally misleading way to analyse the impacts of potential changes to the policy, an independent think tank has said. “New research from The Australia Institute has shown that
Negative Gearing: Double-Hit for Under 40s
New analysis from The Australia Institute shows that the biggest winners of negative gearing are high income earners and Liberal Party held electorates, meanwhile it presents a double-hit for under 40s who are the biggest losers. Key results: Those aged over 40 years old receive 71% of the benefit of negative gearing, while those 40
Secret Weapon Overlooked in Fight Against Financial Misconduct
A potent tool for cleaning up misconduct in the industry is being overlooked by the Royal Commission into financial services.
October 2018
Wentworth exit poll: climate inaction and coal key to Liberal vote collapse
The Australia Institute’s exit poll results show the Liberal primary vote collapsed primarily as a result of community concern about inaction on climate change and government support for coal. Key results: Climate change and replacing coal with renewable energy was the biggest single issue motivating voters in Wentworth: 77% of voters said it influenced their
Wentworth exit poll shows Climate and Coal are key issues in Liberal vote collapse
UPDATED The interim results of an exit poll* of 1049 respondents in Wentworth, commissioned by the Australia Institute and undertaken by Lonergan Research, shows the Liberal primary vote collapsed primarily as a result of the community’s concern about the government’s support for coal and inaction on climate change. “Prime Minister Scott Morrison once brought a
Sydney Opera House ads may break National Heritage Law
The repeated nature of the use of the Opera House sails to project night-time images that are potentially inconsistent with the design of the building or its values requires the matter to be referred to the Federal Environment Department under s68 of the EPBC Act, according to analysis by The Australia Institute. The Australia Institute
September 2018
Banking Royal Commission most important for Australians: poll
A majority of Australians believe the Royal Commission into Banks and Financial Services has uncovered more wrong doing (70%) and is most important for Australians (65%) compared to the Royal Commission into Trade Unions, according to new polling from The Australia Institute. Meanwhile, almost a third of Australians (31%) believe the Royal Commission into Trade
Secure long-term housing at half the cost
New research from the Australia Institute and Prosper Australia shows Government could use existing housing schemes to reduce the cost of secure long-term housing by as much as 52%, at no extra cost to the budget. The report shows that the government can create more secure long-term forms of residency, insulated from changes in market
ACT’s Land Rent Scheme sets national example
Canberra’s innovative Land Rent Scheme has been singled out in new research from the Australia Institute and Prosper Australia that shows if applied nationally, Government could significantly reduce the cost of secure long-term housing. Currently the scheme sees over one-thousand Canberra households saving more than $9 million in housing costs per year, at no cost
August 2018
Company tax cuts defeated in the Senate
The Australia Institute welcomes the defeat of the Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 in the Senate. “We welcome the defeat of the Government’s big business company tax cut legislation in the Senate,” said Ben Oquist, executive director of The Australia Institute. “Congratulations to Labor, the Greens, and Senate crossbenchers Senators
Company tax cuts: last priority for WA voters
The Australia Institute commissioned ReachTEL to conduct a survey of 1,093 residents across Western Australian households on the evening of 13th August 2018. Key Findings: 2PP Liberal 55%, Labor 45% 28.6% of West Australians said they would consider voting for One Nation in the Senate, though One Nation primary vote stands at 7.5% (HoR) and
SA, TAS, QLD miss out on company tax cuts: new analysis
South Australia, Tasmania and Queensland all miss out on company tax cuts with only 11% of beneficiaries headquartered in those three states, analysis of Department of Finance data and ATO statistics reveals. The Australia Institute has today released new analysis of a list compiled by the Department of Finance and distributed to crossbench senators outlining
Company tax cuts: $39.5 billion for big banks
New analysis by The Australia Institute’s Revenue Watch initiative shows the company tax cut would represent a $39.5 billion gift to the big four banks over the first decade of the cut. Furthermore, new polling also released today shows a majority of voters (61%) think the Senate should block the company tax cuts for large
Workers’ slice of Australian economic pie gets smaller
As corporate profits continue to climb, new research from the Centre for Future Work shows the share of Australian GDP paid out to workers is hovering at a post-war low.
Company tax cuts: $7.67 billion to just one company
New analysis by The Australia Institute shows that based on Rio Tinto’s half year report, the company tax cut would represent a $7.67 billion gift to Rio Tinto over the first decade of the cut. The Australia Institute has today launched a new Revenue Watch initiative, looking at companies over reporting season, to quantify how
July 2018
Company tax cuts: new analysis shows foreign investors big winners
New analysis by The Australia Institute shows that foreign investors will be the unambiguous winners of the big business company tax cut ($50+ million turnover). “If the remaining company tax cuts now before the Senate are implemented the gift to foreign shareholders will be $3.7 billion in 2026-27, the year the tax cuts are fully
Mayo: New Polling on Asylum Seekers and Adani
The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (766 respondents) on the evening of Wednesday 25 July. Key Findings: 59/41 two-party preferred, favouring Centre Alliance candidate Rebekha Sharkie 64% of Australians support bringing genuine refugees to Australia who arrive by boat, only a quarter support indefinite detention on Nauru and Manus
Mayo: New Polling on Company Tax Cuts, Voter Priorities for Government Revenue, Newstart
The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (766 respondents) on the evening of Wednesday 25 July. Key Findings: 59/41 two-party preferred, favouring Centre Alliance candidate Rebekha Sharkie Only 27.7% support for cutting company tax rate for large business, while 65.8% want tax rate increased or kept same 63.5% oppose or
NEG 26% Target Spells Trouble for Agriculture Sector
New analysis from the Australia Institute shows that requiring Australia’s agricultural sector to reduce emissions by at least 26 per cent by 2030 would impose significant costs and reduced production for the industry. The federal government’s proposed NEG plans to lock in a 26 per cent reduction in the electricity sector, implying an intention to
Adani’s automated mine risks just transition for coal workers
The best way to protect coal jobs in existing mines is to stop the construction of new, highly automated coal mines in the Galilee Basin according to new research by The Australia Institute. The Institute’s report estimates that development of the Galilee Basin would reduce coal mining jobs by 9,000 in the Hunter Valley (NSW),
Braddon: New Polling shows concern over Company Tax cuts, support for Penalty rates and a gain in the ALP Primary vote
The Australia Institute commissioned ReachTEL to poll the federal seats of Braddon (700 respondents) on the evening of Friday 6 July. Key Findings: A rise in the Labor primary vote to 36.3 (compared to 33% in a Sky ReachTel poll at the beginning of June) A fall in the Liberal primary vote to 42.9 (compared
Penalty rate cuts fail to ignite jobs boom
Reduced Sunday and holiday penalty rates for retail and hospitality workers failed to ignite the boom in employment as promised by employer groups who supported the change.
Majority want CEO salaries capped
A new national poll, conducted by The Australia Institute, has found a majority of Australians support placing a strict limit on the maximum salary for CEOs or executive staff, with four out of five saying CEOs are paid too much. The poll follows a report by The Australia Institute that showed ten years on from
June 2018
Government delays company tax cut legislation
The Government has announced it will delay Senate vote on company tax legislation until after the winter recess. Meanwhile, research from The Australia Institute has demonstrated the economic case for a company tax cut for big business has not been made. “Company tax cuts will not lead to greater economic prosperity. In fact modelling from
Manufacturing Rebound Could Be Cut Short By Skills Shortage
After years of decline, Australia’s manufacturing industry is finally recovering – adding almost 50,000 jobs in the last year, one of the best job-creation records of any sector in the whole economy. But that recovery could be cut short by growing shortages of skilled workers, according to a new report on vocational training in manufacturing.
Longman and Mayo: New Polling on Company Tax Cuts and Voter Priorities for Government Revenue
The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (736 respondents) and Longman (727 respondents) on the evening of Thursday June 21. Key Findings: 50/50 TPP in Longman 62/38 TPP favouring Centre Alliance candidate Rebekah Sharkie in Mayo Mayo: 24.9% support for cutting company tax rate for large business (71% want tax
New Analysis: 95% of Stage 3 Tax Cuts go to high income earners
New Australia Institute analysis of stage three of the government’s income tax plan show high-income earners will get 95% of the benefit, while three-quarters of taxpayers get no benefit at all. Today the Senate has rejected stage 3 of the government’s income tax plan, which removes the 37 per cent tax bracket completely, resulting in
Case for top-end tax cuts not supported by data
New Australia Institute analysis of the long term impacts of bracket creep shows that taxpayers are being over compensated for bracket creep at all income levels. The government has used bracket creep as a key reason why it needs to implement its top-end income tax cuts as outlined in the 2018 Budget. “There is no compelling case for an income tax cut to reduce
Inequality in Australia going from bad to worse
On Monday 18 June, The Australia Institute, Australia21 and the former Treasurer, the Hon Wayne Swan MP, are jointly hosting a roundtable discussion in Parliament House on dealing with economic inequality in Australia. A new report from The Australia Institute, released as part of the Inequality Roundtable, shows inequality is getting worse in Australia with
QLD loses out in tax cut windfall
New analysis from the Australia Institute shows that Queenslanders would receive below average benefits compared to the average Australian household from income tax cuts, outlined in the 2018 federal budget. The figures represent the change in household disposable income (after tax income) as a percentage of change in the national average. Modelling also took into
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