September 2009

August 2009

The hidden impact of the Global Financial Crisis

Women account for up to 80 percent of Australia’s hidden unemployed, new research into the current economic downturn by The Australia Institute reveals. The report finds that not only are child-care responsibilities the most common reason why women struggle to rejoin the workforce, but those same responsibilities are a major reason that women are excluded

July 2009

June 2009

May 2009

Where has all the revenue gone? To tax cuts for the rich!

The underestimated revenue in the years from 2003-04 to 2008-09 is now running at $83.4 billion. Around half of that has been returned as tax cuts which disproportionately help people earning double or more than average weekly earnings (AWE). The research reveals that as a result of the past and proposed income tax cuts a

Banks gouge 3 cents out of every dollar spent in Australia

The nation’s big four banks are reaping profits amounting to three cents in every dollar spent in Australia. Westpac’s announcement today that its half year profit was $2,175 million brings the total half year profit reported by the big four, Westpac, ANZ, Commonwealth Bank and National Australia Bank, to $8,269 million, or 1.5 per cent

April 2009

True unemployment rate update

An analysis of new Australian Bureau of Statistics data by The Australia Institute reveals that in September 2008 there were 780,900 people who did not have a job, wanted to work but were not included in the unemployment figures. Taking account of these ‘hidden unemployed’ brings Australia’s real rate of unemployment to 11.7 per cent,

True unemployment rate now at 11.3 per cent

The number of Australians out of a job is significantly more than widely reported. An analysis of new Australian Bureau of Statistics data by The Australia Institute reveals that in September 2008 there were 780,900 people who did not have a job, wanted to work but were not included in the unemployment figures. Taking account

February 2009

Rudd neglects the ‘unworthy’ poor

The announcement of a $42 billion stimulus package, which provides thousands of dollars to families earning up to $200,000 and almost nothing to the long-term unemployed, is evidence that the Rudd Government like the Howard Government before it is distinguishing between ‘worthy’ and ‘unworthy’ recipients of government assistance.

December 2008

Choice of Fund fails to engage consumers

The Choice of Fund Policy has failed to resolve widespread consumer disengagement with superannuation. As few as four per cent of workers switch super funds each year and around half of this is ‘passive’ choice due to job change or fund closure. Choice of Fund has also been largely unsuccessful in lowering the number of

November 2008

October 2008

Electricity sector neglects renewables research

The electricity industry generates around 45 per cent of Australia’s carbon emissions so it is surprising to see so little R&D in this industry. The electricity industry should be at the forefront of exploring lower emissions and renewable technologies, but the figures suggest the industry is not serious about doing so.

Put customers before profit

Australian banks should pass on the full cut in the interest rate to their customers. The Reserve Bank is trying to stimulate the economy, not the profits of Australia’s big banks.

September 2008

August 2008

May 2008

March 2008

February 2008

Creating more jobs from the stimulus package

As many as 20,000 full-time jobs could be created for just $1 billion according to a submission by The Australia Institute to the Senate inquiry into the Government’s proposed stimulus package. For $42 billion the government is only expecting to sustain 90,000 jobs over two years, which is $233,000 per job per year. At just

General Enquiries

Emily Bird Office Manager

02 6130 0530

mail@australiainstitute.org.au

Media Enquiries

Glenn Connley Senior Media Advisor

0457 974 636

glenn.connley@australiainstitute.org.au

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