Media Releases
May 2010
Carers amongst thousands missing out on government assistance
Thousands of Australians, including carers and the recently bereaved, are missing out on assistance worth $623 million because the government does not actively promote awareness of such entitlements.
Economists support resource rent tax
A group of leading Australian academic, policy and business economists has issued a statement supporting the replacement of royalties on mineral outputs by a resource rent tax.
April 2010
The case for a resources fund
Another mining boom will be a mixed blessing for Australia unless the government heeds the lessons from the previous boom and sets up a resources fund, according to The Australia Institute.
MySuper = $100,000 extra for some retirees
The retirement savings of millions of Australians could be boosted by up to $100,000 if the Government adopts the Cooper Review’s MySuper proposal, according to an analysis by The Australia Institute.
Interest rates up–bank profits up
The market power enjoyed by Australia’s big four banks is allowing them to increase profits when official interest rates rise. This is the case even when banks pass on only the official rate rise to their mortgage customers.
March 2010
Profits up, market share up, interest rates up – it’s good to be an Australian bank
Australia’s banks are exploiting official interest rate rises to gouge ever increasing profits from customers, according to The Australia Institute. A new Institute study, A licence to print money: bank profits in Australia, reveals that since deregulation in 1983 banks have increased their share of the lending market from 50 to 90 per cent. In
February 2010
Telstra profits at the expense of low income earners
Low income households already bearing the brunt of Telstra’s market power would be worse off if price caps were removed, according to The Australia Institute’s submission to an Australian Competition and Consumer Commission’s review. The ACCC is considering whether competition in telecommunications is sufficient to grant Telstra’s call for price controls to be dropped. The
November 2009
Nano: the sexy new science with lots of unanswered questions
Greater transparency and public engagement about the potential opportunities and risks presented by nanotechnology is required, according to a new report by The Australia Institute. While still an emerging field, nanoscale sciences and technologies (nanoST) are already present in our daily lives, with more than 1000 consumer products identified as containing nanomaterials.
Unpaid overtime a $72 billion gift to employers
Australian workers are ‘donating’ more than their annual leave entitlement back to their employers in the form of unpaid overtime, a new survey by The Australia Institute has found.
Change in unemployment rate only the tip of the iceberg
The slight jump in the official unemployment rate to 5.8 per cent is just the tip of the iceberg, with the true figure likely to be around 12 per cent when the ‘hidden unemployed’ are taken into account.
New research shows Australians dump $5.2 billion of food annually
Australian households are throwing out $5.2 billion worth of food each year, which exceeds the amount they spend on digital equipment such as flat screen TVs, according to new research by The Australia Institute. “To put this into context, the $5.2 billion worth of food that Australians throw out each year is enough money to
October 2009
Go Home On Time Day – November 25
Each year, Australians work more than two billion hours of unpaid overtime, a new survey by The Australia Institute has found. Around half of all employees work more hours than they are paid for and international comparisons show that Australians work the longest hours in the developed world. In recognition of the extent of unpaid
September 2009
Stimulus needed to prevent underclass
Despite Australia avoiding a recession, thanks largely to the Government’s stimulus packages, there remains a real risk of entrenching an underclass of unemployed.
Women’s labour market position worsens in August
In August, women’s unemployment increased by 0.2 percentage points while men’s fell by 0.2 percentage points. The female underutilisation rate increased by 1.0 percentage points to 15.5 per cent while men’s actually fell 0.6 percentage points to 11.9 per cent
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
Government out of step with Australians on the CPRS
The Rudd Government is at odds with a majority of Australians in prioritising the needs of business in its climate-change policy, according to a new paper by The Australia Institute.
July 2009
Polling reveals Australian attitudes towards federalism
Seven in 10 Australians support a Commonwealth takeover of public hospitals, according to polling released by The Australia Institute today. There is also widespread public support for the federal government to take full responsibility for environmental protection (including water), infrastructure, public schools and even gambling.
The Pacific needs action not words from Australia
Australia is at risk of failing its Pacific neighbours on climate change if the Rudd Government doesn’t move beyond rhetoric to concrete action on mitigation, adaptation and, ultimately, migration, according to a new report by The Australia Institute. The report, ‘A fair-weather friend? Australia’s relationship with a climate-changed Pacific’, finds that despite Labor’s strong commitments
Australian Carbon Trust
The announcement today that Robert Hill will head the Australian Carbon Trust is a triumph of politics over policy. It speaks more about the government’s desire to wedge the opposition than to actually address the flaw in the CPRS, which will make it impossible for ordinary people to reduce Australia’s carbon emissions. Under the CPRS,
Tax cuts favour the rich
Discusses how the July 2009 tax cuts are highly skewed towards the rich. High-income earners get $41 per week and low-income earners get nothing at all.
June 2009
World blood donor day: Australians happy to give their blood for free
The national survey of 2000 adults found that the notion of paying blood donors does not have widespread community support. Seventy-one per cent (71%) of respondents did not think that donors should be paid for their time when they donate blood.
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
Paid parental leave pays for itself and boosts the economy
Australia could introduce a paid parental leave scheme that pays for itself, creates nearly 9,000 new jobs and boosts the economy. The flow-on effect of paid parental leave on women’s participation in the labour market is likely to generate additional GDP of at least $2.5 billion and additional Government revenue of $625 million. This means
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
Solar rebate scheme offers benefits for emitters, not environment
The new solar rebate announced by Peter Garrett will not reduce Australia’s emissions by one kilogram below the five per cent emissions target announced in the White Paper because, under the CPRS, the unfortunate reality is that every time households reduce their energy use or install solar panels, all they will be doing is freeing
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
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