August 2023
Maugean Skate Recovery Team fails to agree to act to protect the skate
The Australia Institute has found that a communique, released late on Friday 4th August by the Department of Natural Resources and Environment Tasmania, is lacking action to prevent the extinction of the endangered Maugean skate.
Australia at risk of exclusion from renewable manufacturing boom
Australia risks being left out of lucrative new markets for renewable energy-related manufacturing unless government provides an urgent, domestic response to match powerful incentives introduced by the U.S and several other industrial nations. The finding is published in a new report released today by the Australia Institute’s Centre for Future Work, as part of the
July 2023
80-plus Groups Worldwide Demand End to Greenwashing Maugean Skate Extinction with Farmed Salmon Accreditations
More than 80 organisations from around the globe are calling for the accreditation schemes, Best Aquaculture Practices and GlobalG.A.P., to immediately revoke their ‘sustainability’ certifications from farmed salmon and trout raised in waters adjacent to the World Heritage Area, Macquarie Harbour, Tasmania. The demand comes as federal and state government workshops are held in Hobart
Australians Identify Corporate Profits – Not Wages – as Major Driver of Inflation
Research conducted by the Australia Institute reveals Australians understand that the current rise in inflation has not been driven by wages growth, contrary to the single-minded focus of the Reserve Bank on labour costs over the past two years. The Australia Institute surveyed Australians about their views on the causes of, and solutions to, inflation,
Test of Success: Bullock’s Next Steps to Forge New RBA Era
The Australia Institute has identified five key questions incoming Governor of the Reserve Bank, Michele Bullock must answer – questions that will ultimately measure her success in the role.
Australian and Global Union Leader Sharan Burrow to Deliver Second Annual Carmichael Lecture
Former Australian Council of Trade Unions president Sharan Burrow will deliver the second annual Carmichael Lecture on August 16. Ms Burrow, who was ACTU president for a decade from 2000, was also general secretary of the International Trade Union Confederation between 2010 and 2022. She will speak on the topic ‘Global Worker Solidarity for a
June 2023
RBA finally admits role of corporate price hikes in inflation
The Reserve Bank of Australia has finally acknowledged that corporate price hikes play a role in Australia’s inflation woes. The latest meeting of the RBA board noted that “some firms were indexing their prices, either implicitly or directly, to past inflation. These developments created an increased risk that high inflation would be persistent, which would
OECD report shows corporate profits contributed far more to inflation in Australia than wages
The Organization for Economic Cooperation and Development (OECD) is the latest leading economic body to publish research showing the important role played by historically high corporate profits in explaining the surge in inflation after the COVID pandemic. Its new findings are consistent with both the methodology and the conclusions published by the Australia Institute and
Tasmanian government must end overfishing and rebuild fish stocks
The Australia Institute Tasmania is calling on the Tasmanian government to commit to end overfishing and rebuild fish stocks, after ignoring evidence of overfishing for decades. It is among the think tank’s 10 recommendations (see below) to the Tasmanian Scalefish Fishery Rules Review that aims to aid species recovery and modernise management arrangements so the
SA Duck Hunting Ban, Backed by Majority of Voters, Would Have Minimal Economic Impact
New research from public policy think tank The Australia Institute shows that a permanent ban on native bird hunting in South Australia is supported by a strong majority of the public and would have minimal impact on the state’s economy. The findings are the result of a survey of 604 South Australians, undertaken between 15
Fair Work: 5.75% Award Wage Boost will not cause “Wage-Price Spiral”
Today’s 5.75% award wage increase is a necessary boost for the lowest paid workers but does not keep pace with inflation. The Fair Work Commission (FWC) has today explicitly said this increase “will consequently not cause or contribute to any ‘wage price spiral’”. Key Points: Award wage increase of 5.75% is less than inflation, which
Big names unite to protect Tasmania’s forests
Federal MPs, an Olympic champion and acclaimed authors are among dozens of high-profile names urging the Tasmanian government to end to native forest logging.
May 2023
Profit-Price Spiral an Inconvenient Truth for Big Business: Economists
Despite a mainstream shift in the national conversation away from baseless claims of a “wage-price spiral”, some big business proponents and conservative economists appear unwilling to accept the economic evidence of a profit-price spiral.
Workplace Law Reform Must Limit Cancer of ‘Gig Work’ in Care Economy: Research
New research reveals the growth of ‘gig’ employment in the NDIS and care sector is undermining minimum employment conditions for tens of thousands of workers, with thousands of workers likely earning below-award wages, missing out on superannuation and experiencing inferior WHS protections and gender pay equality outcomes.
Tasmania must end native forest logging after crucial Victorian decision
The Australia Institute is calling on the Tasmanian Government to follow Victoria and end native forest logging from 2024.
Budget: Real Revenue Reform Delayed Until 2024 Amid Structural Deficit for Services
Federal Budget 2023-24 has delayed solving Australia’s structural revenue problem, deferring any change to the Stage 3 tax cuts ($254b over 10 years) or fossil fuel tax credits ($9.4b in 2023-4) until at least May 2024, before the next federal election. The decision to delay revenue reforms leaves the Budget ill-equipped to meet the needs
$57.1b: Record Breaking Fossil Fuel Subsidies Following Climate Election
New research shows fossil fuel subsidies over the forward estimates have increased to a record breaking $57.1b, up from the $55.3b forecast in 2022. As the federal budget approaches, future fossil fuel subsidies will cost 14 times the amount invested in the Australian Disaster Ready Fund, and more than the amount spent on the Australian
Vast Majority Want Greater Affordable Housing Direct Investment in Budget
New research from the Australia Institute shows that eight in 10 Australians (80%) agree that the Federal Government should spend more money to directly build affordable housing in the Budget. The Australia Institute surveyed a nationally representative sample of 1,002 Australians about their attitudes toward the Federal Government’s response to the housing crisis. Key Findings:
April 2023
7% Minimum Wage Rise Would Tackle Inflation, not Feed it: Research
A 7% National Minimum Wage rise for low paid workers would help tackle the rising cost of living for those on award wages while having a virtually undetectable impact on economy-wide prices, new research from leading economists at the Centre for Future Work has found. The data comes as the Fair Work Commission deliberates about
Getting Off Gas: Majority Support Household Electrification as Economic, Climate Costs Rise
New national research shows a majority of voters feel positive about switching Australian homes away from gas and moving to full electrification, as cost of living and climate concerns continue to rise. The report, based on a nationally representative survey of Australian households undertaken by The Australia Institute and SEC Newgate, reveals very little opposition
Divided Nation: Rural Australia Would Get Least from Stage 3 Tax Cuts for Rich
New analysis reveals rural and regional communities will get the least from the Stage 3 income tax cuts, with experts warning the package will widen economic inequality between the city and the bush and reduce revenue for essential rural health, education and community programs. 5 of the bottom 10 ‘biggest losers’ from the Stage 3
Inequality on Steroids as Bottom 90% get just 7% of Economic Growth Since 2009
Inequality has been on steroids in Australia over the last decade with new data revealing the bottom 90% of Australians receive just 7% of economic growth per person since 2009, while the top 10% of income earners reap 93% of the benefits. The data shows a radical reversal on the long term trend from the
March 2023
Big Utes Driving Transport Pollution: Research Report
A new research report has found that favourable tax and policy treatment of fuel-guzzling utes and SUVs is driving Australia’s transport emissions. Of the top 10 most popular new vehicles in Australia, five are big utes, compared to only 2/10 in the UK. The new research identifies a range of policy options to reduce Australia’s
NSW Missing Out on $6.2b in Coal Royalties Compared to Queensland
Research released today by The Australia Institute estimates that NSW could have raised an additional $6.2 billion in coal royalties this financial year if it had adopted Queensland’s royalty system. While NSW households and business have been charged more for energy due to the war in Ukraine, the public has missed out on collecting additional
Women Earn $1m less than men & $136,000 Less in Super over Working Life
New research released on International Women’s Day reveals Australian women earn $1.01m less over their working lives than men, based on median income data. Women earn $136,000 less in superannuation over their working lives than men, based on median income data. Women earning the median wage will accumulate approximately $393,676 in super, $151,000 below what
February 2023
Multi-millionaire Super Tax Breaks Well Past Retirement
Today’s announced changes to super tax concessions by the Prime Minister and Treasurer are a welcome step towards fairness and sustainability for Australia’s retirement income system. The changes come after more than 15 years research from the Australia Institute into the inequitable and unsustainable super tax breaks for multimillionaires, with our most recent research on
Profit-Price Spiral: Excess Profits Fuelling Inflation & Interest Rates, not Wages
New empirical research reveals the main driver for inflation in Australia is excess corporate profits, not wages, and that inflation would have stayed within the RBA target band if corporates had not squeezed consumers through the pandemic via excess price hikes.
Real Wages Fell 4.5% in 2022; Largest Fall on Record as Rate Rises Risk Recession
ABS wage price data released today reveals real wages fell by the largest amount on record in Australia last year. Economists are calling on the RBA to recognise the current inflation is not driven by workers wages, but instead by rising prices as Woolworths and Coles post surging profits today and yesterday. Real wages in
Carmichael Centre Announces Appointment of Prof. David Peetz as Laurie Carmichael Distinguished Research Fellow
The Carmichael Centre at the Australia Institute’s Centre for Future Work is proud to announce the appointment of Prof. David Peetz, one of Australia’s most outstanding labour policy experts, as the new Laurie Carmichael Distinguished Research Fellow. Prof. Emeritus Peetz has recently retired from a long career at Griffith University, where he served as Professor
Life Expectancy, Suicide, & Avoidable Death Significantly Worse for Far West NSW than Sydney
New analysis reveals residents born in Far West NSW are suffering substantially worse health outcomes than residents in Sydney. People in Far West NSW are dying earlier than they should, from avoidable causes, and while suicide rates have steadied in Sydney, they are on the rise in the most remote parts of the state. The
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