November 2019
Hydrogen Haste: Australia Institute Research Reveals Highly Inflated Figures
New Research from The Australia Institute’s Climate & Energy Program has identified serious concerns with hydrogen demand projections, regularly cited by State and Federal Governments, energy experts and industry figures, which overstate potential export demand by a factor of up to 11. Due to this supposedly high demand, COAG Ministers will be asked to support
Geelong’s Industrial Transition: Cars to Wind Turbines
New research presented in Geelong today looks at how Denmark leads the way in industrial transition and opportunities for Australia. Danish wind energy company Vestas is operating at the old Ford car factory site in Geelong, Victoria. This represents not just a change of industry but an opportunity to improve the way Australian regions manage
‘Go Home on Time Day’ 2019: Australian Employers Pocketing $81 Billion Worth of Unpaid Overtime, Report Reveals
New research from The Australia Institute’s Centre for Future Work estimates that Australian workers are currently working an average of 4.6 hours of unpaid overtime each week, which translates to 6 weeks of full time work without pay, per employee, per year – with an annual worth of $81.5 billion for Australian employers.
Majority of Tasmanians want Medevac Law to Stay: Polling
A majority (62.8%) of Tasmanians want Medevac to stay compared to just 27% of people who want it abolished, according to a new poll from the Australia Institute. Parliament is considering whether to keep or abolish the Medevac law. The Australia Institute commissioned uComms to survey 1,136 residents across Tasmania during the night of 22nd
Poll: Land Tax Aggregation Supported by 4 in 5 South Australians
New research from The Australia Institute has found strong support amongst South Australians for land tax aggregation, funding for affordable housing and measures that would require politicians to reveal personal interests before voting on land tax legislation. Key findings; – 4 out of 5 South Australians (81%) support property portfolio aggregation for taxation purposes –
Chronic Unemployment a Consequence of Deliberate Economic Policies
There is a contradiction between Australian macroeconomic policy—which deliberately maintains unemployment at 5% or higher—and a culture that blames unemployed people for their own unemployment and hardships.
Equinor Knocked Back Again: NOPSEMA Cites ‘Oil Spill Risk’ and Other Issues
The offshore oil and gas regulator NOPSEMA has once again taken issue with the environmental plan submitted by Equinor as part of their attempts to drill for oil in the Great Australian Bight. Citing a lack of information relating to ‘consultation, source control, oil spill risk, and matters protected under Part 3 of the Environment Protection
South Australia Short-Changed as Norway Makes Bank from the Bight
If Norwegian company Equinor is given permission to drill for oil in the Great Australian Bight, it will likely pay the Norwegian Government more than it will pay in Australian Government taxes and up to 27 times more than they will pay to the South Australian Government, a new report from The Australia Institute has
Young Workers are “Shock Troops” of Precarious Labour Market
Dr. Jim Stanford, Director of the Centre for Future Work, appeared before the National Youth Commission on 31 October in Sydney to discuss the challenges facing young workers in Australia’s labour market.
October 2019
If economics is a science, why isn’t it being more helpful?
by Richard Denniss[Originally published on Guardian Australia, 30 October 2019] The Government’s top two economic advisers are in stark disagreement about something straight forward: whether the Australian economy would benefit from a bigger budget deficit or not. The Governor of the Reserve Bank says he is running out of room to cut interest rates any
Free trade deals undermine sovereignty
by Richard Denniss[Originally published in the Australian Financial Review, 30 October 2019] After decades of pursuing free trade at the expense of local jobs, the conservatives in the Coalition — aping Donald Trump and Boris Johnson — have decided to pivot to populism. Gone is the rhetoric of Alexander Downer and Julie Bishop about how
Voters still back a Takanya/Tarkine national park over logging
A Ucomms poll commissioned by the Australia Institute of 1,136 residents across Tasmania on the evening of 22nd October, found almost two thirds of Tasmanians want to see takayna/Tarkine protected rather than logged. Despite state government plans to log old growth and rainforest in takanya/Tarkine, support for preserving the forests in a national park remains
University-to-Job Pathways Key to Boosting Graduate Employment Outcomes
New research shows active strategies to directly link university degrees to a job are needed, to better support university graduates as they negotiate a rapidly changing labour market. The report, by the Australia Institute’s Centre for Future Work, shows that employment outcomes for university graduates have deteriorated significantly since the Global Financial Crisis, with only
Morrison’s government is spinning its wheels
by Ebony Bennett[Originally published in the Canberra Times, 21 October 2019] As the black sheep in a family of car enthusiasts, I know that if you brake and put your foot on the accelerator at the same time there’s a lot of noise and smoke, but you end up spinning your wheels. For some time
Nuclear Power Uninsurable and Uneconomic in Australia
New research has revealed that financial services in Australia will not insure against nuclear accidents, and if developers of nuclear power stations were forced to insure against nuclear accidents, nuclear power would be completely uneconomic. The Australia Institute’s submission to the Inquiry into the prerequisites for nuclear energy in Australia, shows that establishing a nuclear
Scott Morrison is a master at shifting responsibility. But even God can’t help him now
by Richard Denniss[Originally published in the Australian Financial Review, 16 October 2019] When Barnaby Joyce starts making more sense about inequality than Scott Morrison, you know the Coalition is heading for choppy waters. In July, the former Nationals leader suggested that the unemployment benefit needed to rise significantly. “Certainly $555 or thereabouts a fortnight is difficult, especially
Newstart ‘not transitional, $75 boost insufficient’: Australia Institute report
The Australia Institute’s submission to the Senate inquiry into the adequacy of Newstart has shown that, currently, the unemployment benefit is neither sufficient nor transitional, as the Government claims. The single rate of Newstart would need to be increased by more than $180 a week to reach the Henderson poverty line and the average length
Dam Shame: the New Dams Politicians Won’t Talk About
Research released by The Australia Institute today contradicts claims by federal and state government ministers that new dams are not being built in Australia. The report, Dam shame: The hidden new dams in Australia, shows that 20 to 30 large new dams have been recently constructed, funded at least in part by the taxpayer. At least
Aggregating Land Tax Good Policy but Cuts Go Too Far: Australia Institute
The Australia Institute’s submission to the State Government’s review of the draft Land Tax (Miscellaneous) Amendments Bill 2019 supports the idea of aggregating land portfolios for taxation purposes but raises concerns about the lost revenue that will result from deep cuts to the state’s top rate of land tax. “The proposed changes to land tax
Attack of the clones: Australia’s reign by older white men is an offence on us all
by Richard Denniss[Originally published on The Guardian Australia, 02 October 2019] Teams full of similar people underperform. While sameness can create cohesion, cookie-cutter teams can’t successfully compete with diverse teams that can draw on a broad range of talents, perspectives and insights. At least that’s what empirical data from lefty organisations including McKinsey, Credit Suisse and the IMF have to
Five Contrarian Insights on the Future of Work
In this comprehensive but readable commentary, our Director Jim Stanford challenges five stereotypical claims that are often advanced in debates over the future of work.
September 2019
New Analysis: Monetary Policy Spent
Monetary policy in Australia is no longer effective and the task of stimulating the economy should be taken up by a more active fiscal policy, shows new research by The Australia Institute. The report, Monetary Policy is Spent: It’s Fiscal Policy or Bust by David Richardson senior research fellow at The Australia Institute, shows that
Adani yet to contact regulators on rail-royalty deal
Research released today by The Australia Institute shows that preparations have not begun on parts of the Adani royalty deal, which is due for completion on Monday 30 September. Key findings The Adani royalty deal allows Adani to defer royalty payments and pay them back at discount interest rates. Estimates for the value royalty-related subsidies to Adani range from
See What You Made Me Do With Jess Hill
A new book, “See What you Made Me Do” by Walkley-award winning investigative journalist Jess Hill looks at the national emergency that is domestic violence or what Jess now calls domestic abuse. Trigger warning: some of the content we are going to discuss and the clips of various government anti-violence campaigns may be upsetting for
Australia needs a good budget deficit
by Richard Denniss[Originally Published in the Australian Financial Review, 17 September 2019] The Prime Minister has called on business groups to stop “virtue signalling” and to focus on the main game. Hear, hear! And not before time. For too long business peak bodies have concerned themselves with symbolism and ignored economics. It’s time to get
When Scott Morrison lectured CEOs about speaking out on climate change, it was quite a fight to pick
by Richard Denniss[Originally Published on Guardian Australia, 18 September 2019] In the same week that the prime minister told chief executives not to get “distracted” by issues like climate change, his National Party colleagues declared war on almond milk. Talk about focusing on the big issues. Needless to say, most business leaders paid as much attention to
Poll: Boosting Surplus not a Priority
New research shows seven in ten Australians (72%) think that, if Australia is at risk of a recession, the Government should prioritise economic stimulus over the budget surplus. The Australia Institute surveyed a nationally representative sample of 1,464 Australians about their economic priorities. Key Findings: 72% of Australians say that, if Australia is at risk
How we have sold ourselves short
by Richard Denniss[Originally published in the Australian Financial Review, 02 September 2019] Neoliberalism has made Australia more fragile, fractious and open to foreign influence. We talk a lot about the rise of Chinese influence but there’s less discussion about the decline in our national self-confidence. Despite living in the world’s 14th largest economy with some
Majority of Australians want Murray Darling policy to prioritise food security and family farms
New research released today by The Australia Institute shows that the vast majority of Australians prioritise production of food for Australian consumption, and support for family farms in the Murray Darling Basin. When respondents were asked to rank agriculture and water policy goals: Top water policy priorities for the Murray-Darling Basin include: Three quarters of
Paid Parental Leave for Fathers Advances Parental Equality
Rising pressure on individuals and families to meet their caring needs is the “human face” of decline in workplace protections and bargaining power that has gathered pace since 2013. Meanwhile, the need for fathers and male spouses to take on more caring and household labour is routinely discussed in the public domain. But how have Australia’s work/care policies worked to support a redistribution of caring and household labour to males and fathers?
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