Media Releases
September 2015
Australian public support environmental advocacy
The mining and forestry lobby campaign to remove tax-deductibility for certain non-for-profit organisations they deem contrary to their business interests, does not have the support of the Australian public, according to new polling. Hearings are ongoing in the Government’s inquiry into the administration, transparency and effectiveness of the Register of Environmental Organisations. Many Coalition politicians
Former Ministers Smith and Street best foreign aid records over last 40 years
The new report Charity ends at home: The decline of foreign aid in Australia examines the history of Australia’s Official Development Assistance scheme – known as foreign aid. The research by The Australia Institute, in collaboration with Jubilee Australia Research Centre, outlines that the former Labor Minister, Stephen Smith, and Liberal Minister from the 70’s,
No taxpayer coal bank: Polls show Australians back subsidies switch
As new Resources and Energy Minister Josh Frydenberg announces that the $5 billion Northern Australia fund could be used to subsidise coal projects, including the Adani mine in the Galilee, research shows support ranging from 65% to 78% for a policy shift. According to a series of polls, commissioned by The Australia Institute as part
Novocastrians Back Council Investment Decision
Polling conducted over the weekend shows strong local support for the Newcastle City Council’s decision to include environmental and socially responsible factors together with financial returns in their investments. 47.3% of Novocastrians supported the council’s decision, while 24.8% were opposed. Additionally, the majority (51.9%) of respondents to the ReachTEL polling thought that coal investments were
Shipwrecked: New laws to wipe out 93% of Australian coastal seafaring jobs
Cost Benefit Analysis (CBA) of government bill estimates only 88 Australian seafarer jobs will remain under the Department’s preferred option for policy change (table below). This represents a loss of 1,089 Australian seafarer jobs, or 93 per cent of the current workforce. A submission to the inquiry into Shipping Legislation Amendment Bill 2015 by The
August 2015
Treasurer brings welcome reality check on Adani coal mine
The Queensland Treasurer, Curtis Pitt, has brought a welcome reality check to discussion about the Adani coal mine, pointing out the danger of overstating the importance of the mine to the state’s economy. Queensland has workforce of 2.3 million people. Adani’s own economic expert has said the mine will create around 1400 jobs, or a
Gas industry economic study just propaganda – with extra graphs!
The latest economic report from gas lobby group APPEA adds to an already enormous amount of industry-commissioned ‘research’ which overstates the value of the gas industry to Australia and the Territory and downplays its environmental impacts and costs to other services. The assumptions behind the economic modelling are unrealistic and the results have been put
The 0.4%
The Abbott Government’s move against environmental law is an unjustified overreaction according to a review of legal action under the EPBC act by The Australia Institute. 3rd party appeals to the Federal Court have only affected 0.4% of all projects referred under the legislation. — Download briefing paper available below — “Proper third party appeals
Environmental scapegoat sought for government’s poor economic performance
Since Tony Abbott took office, 101,900 more Australians are unemployed, but the Prime Minister is determined to create a new scapegoat – that of environmental legal victories – rather than face up to fundamental issues in the economy. “We’re seeing a deliberate effort from the Government to blame environmental law for job losses, despite all
Global moratorium on coal push from the Pacific – an urgent wake up call for Australia
Today’s call by the President of the Republic of The Kiribati for a coal moratorium is a wake-up call for the Australian Government who, only last week, was publicly expressing support for the construction of the enormous Adani – Carmichael mine in Queensland. No New Coal Mines website “As the world prepares to meet in
Calls for code of conduct in wake of extraordinary abuse of economic modelling (August 2015)
The Australia Institute has called for a code of conduct for economic modelling. Today saw the Liberal Government produce modelling suggesting a $660 million economic cost for their climate target a day after the Environment Minister said the Labor climate policy would cost the economy $600 billion. A code would require assumptions to be revealed,
RET scare campaign will be a hard sell
A report from The Australia Institute shows that the Australian public understands and supports what economists have been saying: that increasing the Renewable Energy Target (RET) puts downward pressure on electricity prices. The polling conducted prior to Labor’s 50% 2030 RET announcement showed that more than half of respondents wanted a target of 50% or
SA’s Strange Love of a Nuclear Pipe Dream
The Australia Institute has submitted a report to the inquiry into nuclear power in South Australia has found major flaws in both economic and technological assumptions underpinning the pro-nuclear push. “Nuclear power is not a practical option for South Australia,” Chief Economist at The Australia Institute, Richard Denniss said. “There are some very strange assumptions
July 2015
The goon show: How the tax system works to subsidise cheap wine and alcohol consumption
A new report has exposed Australia’s wine tax system as corporate welfare, with Australians paying a billion dollars a year to subsidise the wine industry. Unlike beer and spirits, which are taxed based on their alcohol content, wine is taxed on its wholesale value. As a result, cheap wine attracts far less tax than beer
‘Blue tape’ risks pushing up electricity costs
The Abbott regulations to cut ‘red-tape’ are restricting regulators ability to progress energy saving standards which have delivered big saving to Australian household electricity bills. Australia used less electricity in 2014 than in 2013, or in any year since 2006, despite constant population and economic growth, a new report from The Australia Institute reveals. Households
Voters in blue-ribbon Coalition seats back the ABC
Polling released today reveals strong opposition to Coalition cuts to the ABC. The ReachTEL poll was conducted in seats represented by Christopher Pyne, Malcolm Turnbull and Joe Hockey in late April. Results: Do you support or oppose the government’s decision to reduce funding to the ABC in last year’s budget? 59% of Joe Hockey’s constituents
June 2015
Special Announcement: New Executive Director and Chief Economist at The Australia Institute
A message from the Chair of the Board The Australia Institute has some exciting news to announce. After 8 years at the helm Richard Denniss has decided to step down from the role of Executive Director of the Australia Institute. On behalf of the Board I would like to express my appreciation to Richard and
Howard’s fuel excise impact: -$160b, +16m tonnes of CO2
The Howard Government decision in 2001 to cut indexation has cost the budget more than $46 billion in tax revenue to date. If no change is made the total cost to the budget is projected to top $160 billion by 2025. Additional carbon dioxide emissions attributable to the policy are projected to reach 16 million
Queensland’s choice: schools or mining subsidies
Queensland spends less on social services than the rest of Australia in per capita terms, a new report from The Australia Institute has revealed. (Table 1 below) The state is the nation’s biggest spender of public funds in one area though; subsidies for mining projects. Currently public schools face a $268 million maintenance backlog, and
Universities should be divestment leaders: Poll
Most Australians agree universities should avoid investments in fossil fuels, according to the first national polling on the topic released today by The Australia Institute in a new report. The polling also shows university decisions to avoid fossil fuels may boost donations from alumni, while also encouraging people with superannuation to consider low carbon funds.
May 2015
Broaden access to Pension Loan Scheme: Crossbenchers
Senators Jacqui Lambie, Glenn Lazarus, Ricky Muir and Nick Xenophon will today call on the government and opposition to back broadening access to the Pension Loan Scheme (PLS) to any retirees who wish to use it. Press Conference: Senators together with The Australia Institute executive director, Richard Denniss, will be available for comment 10:45am, APH
Australian taxpayers’ slice of $10 million per minute fossil fuel subsidies bill
The Guardian reported this morning International Monetary Fund calculations that world fossil fuel subsidies are running at $5.3 trillion dollars annually, or $10m per minute. In Australia, successive state and federal governments have given subsidies in the form of diesel fuel rebates, infrastructure funding and royalties discounts worth billions. TAI director of research, Rod Campbell,
RBA concerned about Sydney house prices, Government continues subsidies to real estate speculators
The Reserve Bank of Australia today cut interest rates to a new record low of 2%, but cited surging house prices in Sydney as a concern. In the lead up to next week’s Federal Budget, the Government has ruled out any changes to generous subsidies for real estate investors, in particular the Capital Gains Tax
Super Tax Concessions distribution gets more top-heavy as costs explode
The latest modelling of Superannuation Tax Concession distribution shows the inequality is growing as the cost to the budget surges. $12.2 billion, 41% of all concessions, are going to the top 10% of households. $17.8 billion, or 60%, go to the top 20%. “That leaves 80% of Australians to share the remaining 40% of what
April 2015
CIS, Grattan, Per Capita, TAI and 1 in 2 Australians: expand Pension Loans Scheme for fairer retirement
As debate continues over ‘means testing the family home’, new polling shows 1 in 2 Australians think the government should require retirees with expensive homes to fund their own retirement incomes, through an existing but little known government scheme called the Pension Loans Scheme (PLS). “The PLS is essentially a government provided reverse mortgage, but
Turnbull, Bishop, Hockey, Abbott electorates – top negative gearers
While a large number of people take advantage of negative gearing for residential investment properties in Australia, the majority of the benefits, in dollar terms, are more narrowly focused. A paper released yesterday by The Australia Institute showed how the benefit of negative gearing was distributed by income and aged groups. Today TAI released data
Expert evidence given to case against Adani coal mine at Carmichael
Executive Director of The Australia Institute, Richard Denniss, today delivered expert witness testimony to a court challenge of the approval of a major coal mine in the Galilee Basin. Summary: Adani have long claimed in public that the Carmichael mine project will create 10,000 jobs. In court, Adani’s own economist testified that the project would
Negative Gearing: positive for richest 10%
Modelling from NATSEM featured in a new report from The Australia Institute and GetUp, reveals that more than half (55%) of the benefit of capital gains discount and negative gearing goes to the top 10% of income earners. Australia is one of only three OECD countries with this type of negative gearing regime. Working together with
ALP dip their toe in the $30 billion pool of super tax concessions
Richard Denniss, Executive Director of The Australia Institute and long-time advocate of overhaul to the super tax concessions scheme, has welcomed moves on the issue by the Australian Labor Party but says it needs to be the start, not the end of the conversation. “Providing generous tax concessions to people who are already far too
Taxpayers fork out $4.6b to pay for ‘dividend imputation’ credits
New modelling by NATSEM, commissioned by The Australia Institute, shows many of Australia’s wealthiest people pay negative tax, and it’s costing the budget bottom line $4.6 billion. Report available here. Like most tax loopholes, the ability to convert ‘surplus’ dividend imputation credits to cash delivers most of its benefits to the wealthiest, with almost half
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