April 2012

March 2012

December 2011

November 2011

Government’s surplus fetish reveals poor priorities

The announcement today of a $20 billion dollar hole in the budget is a storm in a teacup and only proves that the government’s pursuit of a surplus has more to do with politics than economics, according to The Australia Institute’s Executive Director Dr Richard Denniss. “Australia’s GDP is more than $1,400 billion per year,

History suggests undertakings to protect Foster’s brand might be worthless

The history of takeovers in Australia suggests that the undertakings SABMiller PLC gave to retain Foster’s iconic Australian identity are likely to be worthless, according to The Australia Institute. SABMiller PLC, the foreign buyer, has undertaken that: •Operations will remain in Australia •Production facilities will not be moved offshore •Foster’s iconic brand portfolio will be

Beware of bosses bearing gifts: National Go Home On Time Day 30 November 2011

Many workers who are given mobile phones and laptops by their employer feel obliged to work overtime, new research by The Australia Institute reveals. The research on the increasingly blurry boundary between work and life was conducted for this year’s national Go Home On Time Day, which will be held on Wednesday November 30. Now

October 2011

Sick Australians forgoing medication as out-of-pocket expenses mount

Australians are paying more than $1 billion each year in out-of-pocket expenses for GP visits, pharmaceuticals, pathology and diagnostic testing despite Medicare’s pledge to provide ‘fair and affordable’ health care, a new study by The Australia Institute reveals. The study also confirmed that many Australians are forgoing treatment, with almost a quarter of survey respondents

September 2011

August 2011

Direct Action will need more public servants than the Department of Climate Change

The Australia Institute today called on Opposition Treasury spokesman Joe Hockey to outline how many public servants they will require to administer their ‘direct action’ climate change plan, in light of his comments about disbanding the Department of Climate Change and Energy Efficiency. Mr Hockey has said that the Coalition is considering disbanding the Department

July 2011

Direct Action expensive and ineffective

The Coalition’s proposed Direct Action Plan to combat climate change is likely to cost $11 billion per year, require hundreds of new, highly-trained public servants to administer it and would still be unlikely to achieve any meaningful abatement, a new analysis by The Australia Institute reveals. The Direct Action Plan is a form of competitive

May 2011

Surplus fetish costing taxpayers

The bipartisan obsession with returning the federal budget to surplus has provided a convenient distraction from the genuine debate which is needed in Australia about when we will invest in infrastructure and social welfare, according to a new paper by The Australia Institute released today. Surplus fetish: The political economy of the surplus, deficit and

Banking report lets the big four off the hook

The Senate Economics Committee report into the banking sector, released today, is a disappointing missed opportunity to initiate much-needed reform to rein in the power of Australia’s big four banks which exploit their market power at the expense of consumers and small businesses, according to The Australia Institute. Senior Research Fellow David Richardson said the

April 2011

February 2011

ATM fees cost consumers $750m

Australian consumers are still spending more than $750 million per year on ATM fees despite attempts by the Reserve Bank to reform the ATM system, a new paper by The Australia Institute reveals. The price of disloyalty: Why competition has failed to lower ATM fees finds that while an overwhelming majority (82%) of Australians believe

Bank watch: CBA interest costs differ from evidence to Senate inquiry

The Commonwealth Bank of Australia’s half year report released today shows that interest expenses have increased but by substantially less than official interest rates, an analysis by The Australia Institute has found. This is in contrast to evidence the bank provided to the Senate Economics Committee in December that their interest expenses were increasing by

Bank super profits tax must be on Tax Summit agenda

Confirmation today that Treasury has considered a banking super profits tax is further evidence of the need to discuss such a proposal at the Tax Summit to be held later this year, according to The Australia Institute. Recent polling by the Institute found 81 per cent of Australians want the idea of a bank super

January 2011

December 2010

Common sense prevails in superannuation shake up

The Australia Institute today welcomed the Government’s shake up of the superannuation system. “Common sense has finally prevailed,” said the Institute’s Deputy Director Josh Fear. “The overwhelming majority of super fund members want more simplicity not more choice. Since the Howard Government introduced Choice of Fund in 2005, many people have been forced to make

November 2010

Australian Bankers Association defending the indefensible

The Australia Institute today welcomed the admission by the Australian Bankers Association that our analysis of banks’ funding costs and how they affect interest rates is accurate. An analysis by The Australia Institute of Australian Prudential Regulation Authority (APRA) data shows that despite claims from the banks that their funding costs have been rising faster

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