June 2024
Zero royalties charged on $111 billion in WA gas sales
Australia Institute research has found that 73% of gas exported from WA attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free.
Privatised Profits, Services Failure: Consumers Worse Off After Three Decades of Competition Policy
New analysis from the Australia Institute shows that the privatisation, deregulation, and outsourcing of public services has failed to provide economic or social returns to Australians.
Minimum wage increase fails to erase post-pandemic losses
Today’s 3.75% increase in the national minimum wage and Modern Awards provides a badly needed income boost for Australia’s lowest-paid workers, and will help to prevent a possible recession by supporting stronger consumer spending.
No need for panic over ‘sticky’ inflation: Jericho
Inflation has stopped falling, but there’s no need for a further rate hike, says Greg Jericho.
May 2024
Majority of Offshore Gas Projects Paid ZERO Royalties | Video
“The Australian public thinks the gas industry should be paying for the gas.” “We can keep doing dumb things if we want to. But if this Government wants to have more money for schools, more money for hospitals…there is a simple tax reform opportunity here.” – Executive Director Richard Denniss on ABC The Business
Walking the inflation tightrope
Inflation isn’t falling as fast as most economists want, but a rate rise now would do more harm than good, says Greg Jericho.
Great Gas Giveaway Press Conference | David Pocock, Monique Ryan, Richard Denniss
Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free. Around 80% of Australia’s gas is exported as liquefied natural gas (LNG). Most of this gas is extracted from gas fields in Commonwealth waters, but the Australian Government
“Extraordinary” No royalties paid on 56% of gas exported from Australia | Video
Gas companies are meant to pay royalties for the right to extract and sell Australian gas. But no royalties are paid on 56% of gas exported from Australia. Report author Mark Ogge joined ABC News to discuss. A new report from the Australia Institute, Australia’s Great Gas Giveaway, shows that over the last four years,
Gas exports: 56% given to corporations royalty-free
Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free.
‘Sticky’ inflation is not falling – but it’s not rising, either. Why should that mean another RBA rate hike?
The latest inflation figures released on Wednesday showed that inflation is “sticky” and is no longer falling at the pace it was earlier this year.
Does leave for menstruation and menopause advance women’s rights and gender equality at work?
As pressure grows for action to establish new work rights, including additional leave, for those who experience menstruation and menopause, the Centre for Future Work’s Senior Researcher, Lisa Heap, canvases the debate about whether these rights will advance gender equality at work.
Australians revealed as world’s biggest fashion consumers, fuelling waste crisis
Australians buy more clothes per person than any other country which is fuelling a fast fashion waste crisis, according to new Australia Institute research.
Teachers pay more tax than the oil and gas industry
Oil and gas companies claim they pay the wages of teachers and other public sector services, but teachers actually pay twice the tax.
Can Jim Chalmers ‘buy’ a reduction to inflation?
While money can’t buy everything, the Australian Government can ‘buy’ a lower Consumer Price Index (CPI).
These nine popular policies launched in Canberra, so where are they now?
In 2019 the Australia Institute identified ambitious, progressive policies from the Australian Capital Territory, most of which are overwhelmingly popular among all Australians. Five years on, we have an update on how these policies have progressed in Canberra and around Australia.
Poverty is a policy choice
According to the Productivity Commission, wealth inequality declined during the COVID years due to boosted government support payments. And when those payments finished, predictably inequality went back up. The overwhelming majority of gains from economic growth since the GFC have gone to the wealthiest people. On this episode, Greg Jericho discusses inequality, poverty, and government
“Perverse Incentive” NSW Government Continues Native Forest Logging to Keep Carbon Credits Plan Alive
An investigative video report by the Australia Institute has found taxpayer subsidised native forest logging is destroying hundreds of hectares of the future Great Koala National Park each week, despite the NSW Government’s election commitment to put the land aside for protection.
Video Report: Native Logging continues in the Great Koala National Park
An on-the-ground video investigation into native forest logging and the people trying to protect the last refuges of some of Australia’s most iconic wildlife.
“Smash and Grab”: Backwards Carbon Credits Logic Incentivises Native Forest Logging
Ongoing logging within the boundaries of the proposed Great Koala National Park threatens the survival of endangered species and contradicts conservation efforts, writes Stephen Long.
Raising jobseeker is not ‘fiscally sustainable’? Sorry, but that is flat out wrong
On Monday the Productivity Commission released its snapshot of inequality report.
Video: Why Gina Rinehart’s Wrong About the Housing Crisis | Richard Denniss on the Today Show
“Gina Rinehart and the mining industry already get out of paying excise on petrol. So I can see why she thinks everybody should avoid it.” – Executive Director Richard Denniss on Channel 9’s the Today Show.
WA Gas Royalties Set to Plummet: Budget Analysis
Australia Institute analysis of the 2024 WA Budget shows the meagre contribution of gas royalties to state government revenue will plumet to just 0.6% over the next 4 years.
The budget and why your wages are lagging 14 years behind
The pandemic and runaway inflation reversed more than a decade of progress on living standards in just two years – and it’s going to be a long wait for them to inch back, says Greg Jericho.
First Nations Consultation Protected, Gas Industry Still Winners From Flawed PRRT
The Labor Government and Australian Greens working together to remove a deeply flawed schedule from the Offshore Petroleum and Greenhouse Gas Storage Legislation Amendment (Safety and Other Measures) Bill represents a small victory for the community, however the need to fix the Petroleum Resource Rent Tax (PRRT) collect more revenue remains.
Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only
Remember all that talk about wage-price spirals? About wages driving inflation? All that worry about a wages breakout causing interest rates to rise? Ahh yes, good times.
5 Key Takeaways From The 2024 Budget
The Australia Institute’s analysis of the 2024 Federal Budget finds that while there some big numbers and good measures, there’s no meaningful solutions to issues such as inequality, housing or climate change.
‘Scattergun’ budget misses chance to tackle big issues
The government failed to make a dent in the structural challenges facing housing, social security and the climate in its pre-election budget, says Senior Economist Matt Grudnoff.
Budget 2024: what you need to know
Budget 2024 had a little bit for a lot of people, but in trying to please everyone, has the government disappointed everyone instead?
No, the budget is not inflationary
For a budget to be inflationary there needs to be actual evidence of surging demand. In this budget we have the opposite
.2024 Budget: No Priorities, Lacks Ambition
The 2024-25 Federal Budget is a missed opportunity for the Government to solve the key underlying structural problems causing growing inequality, focusing instead on small announceables.
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