Media Releases
April 2015
Simple tax change would close loopholes costing budget $2.5b
A ‘Buffett Rule’ in Australia would limit the incentive for very high income earners to use excessive tax deductions and boost government revenue by $2.5 billion per year. The findings are outlined in a report from The Australia Institute: Closing the tax loopholes: A Buffett rule for Australia, which includes NATSEM modelling of a 35%
March 2015
Australia’s Housing Crisis – For the Ages
A new research paper from The Australia Institute reveals that home ownership rates in Australia are falling across all age groups, most significantly for people in their 50’s. Middle income earners are experiencing the sharpest decline in ownership rates. The Australia Institute attended a housing roundtable hosted by Opposition Treasurer, Chris Bowen, in Sydney on
Tobin Tax would protect super savings and ‘mum and dad investors’
A tax on financial transactions, known as a “Tobin” tax, could protect superannuation investors, improve the operation of Australia’s capital markets and provide a source of tax revenue of over $1 billion per year, according to a policy brief from The Australia Institute. Tobin taxes or some form of financial transaction tax are in effect in
Australia world leader – in population growth
Australia has the fastest population growth of major developed countries, and projections show a reduced infrastructure spend per capita, putting huge pressure on major cities. “Since the 2000 Olympics the population of Australia has grown by 25 per cent. In fact, since the Sydney Olympics, Australia’s population has grown more than the entire population of
Xenophon, Palmer launch new book on Crossbench power in Australia
“For 27 of the last 30 years, Australian Governments have needed to engage a crossbench or convince the opposition to pass any legislation.” – Richard Denniss A new book, Minority Policy: Rethinking Governance When Parliament Matters, explores the influence of marginal parliamentarians in Australian Politics. It will be launched by Senator Nick Xenophon and Clive
IGR: Garbage in – Garbage out
The Intergenerational Report is a deeply flawed document based on deeply flawed assumptions according to Dr Richard Denniss, Executive Director of the Australia Institute. “The Intergenerational report should provide an opportunity to start a conversation about the Australia we want to have in the coming decades, instead it simply tries to scare the public into
February 2015
TAI challenges CPA on GST modelling
The Australia Institute (TAI) has challenged modelling and analysis used in a report from the Certified Practicing Accountants (CPA) which argues for increases to the GST. The CPA report assumes that the economy will grow more quickly because of cuts to taxes funded by the increase and broadening of the GST. “The economic model used
Can you eat the family home?
Both major parties are right to say pensioners can’t eat their homes – but only because the government won’t let them, argues The Australia Institute. The new Social Services Minister Scott Morrison is concerned about retirees who are cash poor but asset rich. Labor Deputy Leader Tanya Plibersek raised similar concerns, saying: ‘You can’t eat
Solar boom ready to go with RET commitment
A new report identifies huge potential investment in solar power, not just wind, is dependent on a stable, strong large-scale Renewable Energy Target (LRET). The Large Scale Solar and the RET report also suggests that a 40% target would provide an earlier tipping point to trigger major solar investment. “Since coming to office, the Abbott
Corruption experts call to close “cavernous loophole” in lobbying register
Leading anti-corruption experts say that the lack of proper regulation of lobbying is a major corruption risk. They called on whoever forms government in Queensland to ensure that all lobbyists are included in the lobbying register, and for full disclosure of lobbying meetings. Corruption fighting heavyweight, former ICAC Commissioner the Hon David Ipp AO QC,
LNP’s $450m taxpayer subsidy to Adani: not required
Indian mining company Adani says its Carmichael coal project in Queensland’s Galilee Basin does hundreds of millions of dollars in taxpayer funds promised to it by the Queensland LNP, raising questions over why such a subsidy was offered in the first place. The $450 million rail subsidy, along with the offer to waive royalty payments
Loopholes not Leaners Costing the Budget Billions
New government figures reveal superannuation and housing tax breaks for the wealthy are costing the budget ten times as much as leaving the GST off fresh food. The Treasury statement also shows that the cost of one form of tax concession for superannuation is set to double. “The Abbott government says it will do anything
January 2015
Accountability push ahead of Queensland poll
Twenty two prominent QLD legal and civil society organisations have taken out a full page add in today’s Courier Mail newspaper calling on all parties elected to the new parliament to their election commitment to honour their the principles of accountability and good governance put forward by The Honourable Tony Fitzgerald AC QC. The letter
Complaint lodged with ACCC over inflated Galilee job figures
Job creation claims relating to coal projects in the Galilee Basin have been inflated by 300%, from 9,000 to 27,000, according to a report by economists at The Australia Institute. The Australia Institute’s Executive Director, Dr Richard Denniss, said the use of input/output modelling used by those championing the Galilee coal projects has been described by the
NSW Gas Demand Could Halve Within a Decade: Report
A new report commissioned by The Australia Institute shows gas demand in NSW could halve within a decade and questions the need for a gas network in NSW. The report, “The Dash from Gas. Could demand in New South Wales fall to half?” by the University of Melbourne’s Energy Institute synthesises recent important research by
Mature Debate on GST should include Health and Education Exemptions
Research by The Australia Institute, including modelling commissioned from NATSEM has shown that ending the GST exemptions for private education and health, both of which overwhelmingly benefits higher income earners could net the Government up to $2.3 billion per year. There are a number of ways for the Government to increase revenue, such as winding
December 2014
Continuing mental healthcare critical for smooth reintegration after prison and less crime
New research finds that improved connections with health services for people leaving prison and their families is a critical first step in addressing mental distress and ensuring smooth reintegration into the community. Unlocking Care, a new report from The Australia Institute, finds that the incidence of moderate and severe mental health issues increases after release
Majority of Australians favour solar and wind-powered future
New research from the Australia Institute finds that the health and environmental impacts of wind and solar technologies are far less detrimental than fossil fuels. Two reports were released today, examining the impacts of, and broad public attitudes toward, wind power and solar energy. They find Australians are overwhelmingly more interested in a future fuelled
Tax and budget cuts – a double disadvantage for Australian women
Women could be made billions of dollars better off if the Government considered gender issues when formulating the Budget, a new report from The Australia Institute reveals. Released today, The budget’s hidden gender agenda report finds that – in good times and in bad – women are getting a rougher deal than men from budget
November 2014
Will new trams and trains keep up with fast growing demand in Melbourne?
The Victorian Liberals’ announcement of $3.9 billion for new trams and trains over the next 10 years appears unlikely to meet growing demand, according to analysis of the announcement from the Australia Institute. The “Napthine Government [is] building better public transport for a growing population,” the Victorian Liberals said in a press release last week.
Industrial users playing blind to the benefits of RET for Tasmania
The Renewable Energy Target is a big win for Tasmania, drawing in a net benefit of more than $100 million per year, according to a new report from the Australia Institute. But unscrutinised and unfounded claims from Tasmania’s largest industrial firms, who vocally oppose the scheme, have skewed public perceptions, the report finds. Released today, The
Leyonhjelm’s plan for a State Government electricity tax
The latest plan to renege on the 41,000 GWh renewable energy target (RET) is even worse for consumers than the plans modelled by Dick Warburton’s recent inquiry, according to an analysis by The Australia Institute. A new proposal from NSW Senator David Leyonhjelm recommends existing hydro electricity generators built before the RET become eligible for
Work/life balance worsens under burden of unpaid overtime
Work/life balance worsens under burden of unpaid overtime Millions of Australian workers are losing the battle for better work/life balance due to excessive unpaid overtime and feel they have little control over how to change the situation, new research by The Australia Institute reveals. Released to coincide with today’s national Go Home on Time Day, Walking the
October 2014
Countdown to Go Home on Time Day begins!
On any given day, 2.8 million Australians have little certainty around what time they will finish work. That’s the equivalent of one in four workers regularly having to juggle their other commitments such as child care, social activities or important appointments, because of the unpredictability of their job. Go Home on Time Day, an initiative
September 2014
Facts about the NSW Minerals Council Debate
Richard debated Stephen Galilee, the head of the NSW Minerals Council on 7.30 NSW regarding their recent attack on our research into mining subsidies. This material sheds light both on our approach to our research and the disingenuous approach taken by the NSW Minerals Council.
Economists’ Statement on Commonwealth Budgetary and Economic Priorities
The austere measures contained in the proposed Commonwealth budget have been justified by fears that Australia’s public debt is expanding rapidly and dangerously, and must be arrested through a dramatic change in fiscal policy. These fears are misplaced. Australia does not face any present or imminent debt crisis. Australia’s deficit and accumulated debt are both
MR: Australia Institute calls on the Minerals Council members to come clean and apologise
The Australian Institute says the Minerals Council members – the large, mostly foreign-owned, mining companies – should explain the attacks on The Australia Institute. The Minerals Council has claimed that The Australia Institute is being directed by a political party. This is untrue and defamatory. The Minerals Council should immediately desist from making such claims
July 2014
What to make of Palmer’s gambit – A message from Ben Oquist
Last week was another big week for The Australia Institute. You might have seen that we launched another major research report, Mining the Age of Entitlement, this time on the $17.6 billion worth of taxpayer support that State governments have given the mining industry. You might have seen Ben Oquist’s name mentioned in relation to
June 2014
Age of entitlement lives on: Report exposes billions in government handouts to mining
Age of entitlement lives on: Report exposes billions in government handouts to mining State governments are providing billions of dollars in subsidies to the minerals and fossil fuel industries, a new report by The Australia Institute (TAI) has revealed. The report exposes the massive scale of state government assistance, totalling $17.6 billion over a six-year
MR: Coal not vital to economic success of Hunter Valley
A strong majority (83%) of Hunter Valley residents do not want to see the coal industry expand, while 41 per cent would like to see it decrease or be phased out, a new research paper by The Australia Institute finds. Seeing through the dust: Coal in the Hunter Valley economy will be launched at 10.30am,
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