April 2013

Call for Treasury to release super modelling

The Australia Institute today called for the release of Treasury modelling on the relative cost of the age pension and tax concessions for superannuation over the coming decade. Speaking today at the National Press Club Executive Director Dr Richard Denniss said that until the Treasury releases this modelling neither the government nor the opposition can

Evidence-based policy gets lost in the politics of the day

by Richard Denniss in The Australian Financial Review

In New Zealand, cabinet documents are routinely released soon after cabinet has made a decision. In fact, the New Zealand guide for accessing cabinet documents states explicitly that the need for public servants to provide “frank and fearless” advice is not a reason to keep cabinet submissions secret. Where many Australian public servants might react

Swan’s “Clayton’s” super reform

Today’s announcement by Treasurer Wayne Swan will not fundamentally alter the incredible inequity that lies at the heart of the tax treatment of superannuation, according to The Australia Institute. The Institute’s Executive Director, Dr Richard Denniss, said not only did the government fail to go after the top one per cent of income earners, his

March 2013

Abbott’s direct action lesson

by Andrew Macintosh and Richard Denniss in The Australian

Tony Abbott’s Direct Action Plan has been ridiculed by many as expensive and unworkable. One of the primary objections has been that the centrepiece of the policy, the Emissions Reduction Fund, is a baseline-and-credit scheme that will require counterfactual baselines to be set for every participating polluter. The baseline for a given polluter will be

Cost of childcare still the big issue for families

More than one in three families experience difficulties affording childcare despite increased government assistance over the past decade, a new study by The Australia Institute has found. While the government’s two recent announcements have sought to address availability of childcare through more flexible hours and quality through better wages for childcare workers, the Institute’s analysis

Payrise for dole makes sense

by Richard Denniss in The Canberra Times

Last week, CSR closed a Sydney factory and made 150 people redundant. This was not caused by the carbon price, the mining tax or our industrial relations laws. The simple fact is that the high exchange rate that accompanies our mining boom has made many manufacturers uncompetitive. How much income support should they receive? How

It’s time to stop gouging the dead

by Richard Denniss in The Australian Financial Review

Over the past century thousands of generous Australians have died and left some or all of their estate in a “perpetual trust” to be used for philanthropic goals. But most of the “perpetual trustees” have not been as long-lived as the funds they were managing and many funds were bought up by larger financial institutions

February 2013

PM stokes the wrong fire

by Richard Denniss in The Australian Financial Review

The government’s obsession with speeding up the mining boom has delivered an exchange rate and a shortage of skilled labour that is devastating the manufacturing industry. Rather than take its foot off the mining boom accelerator or admit that the miners’ boom means a bust for manufacturers, the government is trying to buy itself some

The economic impacts of Australia’s mining expansion: Quick links to TAI research

The Australia Institute (TAI) has been researching the economic impacts of mining activity in Australia. This document provides a brief summary of key facts and links to TAI research papers, policy briefs and submissions currently available online. Key facts Mining ‘crowds out’ other industries: The expansion of mining causes a contraction in non-mining industries, particularly

Geelong’s boom pain

by Matt Grudnoff

The rapid expansion in the mining industry over the past decade has done more harm than good to Geelong’s economy. Mining has created virtually no jobs in Geelong and has induced a high exchange rate that is crippling Geelong’s manufacturing industry with more than 1 in 8 manufacturing jobs lost over the past six years.

Government inaction on antibiotic resistance exposed

Twenty years of government inaction could lead to curable illnesses like tonsillitis again becoming a massive threat to human health, as the rise of anti-microbial resistant bacteria (aka “the superbug”) threatens to take us back to our pre-antibiotic era, a new paper by The Australia Institute reveals. Culture of Resistance: Australia’s response to the inappropriate

Population policy ignored

by Richard Denniss in The Australian Financial Review

It’s very difficult to determine what the right rate of population growth should be, but it’s very easy to determine the wrong one. If there are no spare seats on the trains, no spare beds in the hospitals and no room on the roads then we aren’t ready for the anticipated net migration of 1

January 2013

Timber looks to bailouts, concessions to ward off undertakers

by Andrew Macintosh and Richard Denniss in Crikey

The native forest and forest product industries contribute a miniscule amount to the Australian economy (in the order of 0.15% to 0.20% of GDP). Despite this, it has dominated the minds and energies of many politicians and environmental policy makers for decades. Among other things, it helped spark the emergence of the environmental movement in

December 2012

The CCA’s forestry fumble

by Andrew Macintosh and Richard Denniss in The Australian

The Climate Change Authority’s final report on the renewable energy target, which was released yesterday, contains a number of controversial conclusions and recommendations. A standout amongst these is the recommendation that the federal government explore whether making native forest wood waste eligible to participate in the large-scale RET (LRET) would increase the rate of harvesting

Tweaking GST is just a quick fix

by Richard Denniss in The Australian Financial Review

Our two-speed economy has a two-tiered tax system, with capital-intensive mining companies paying among the lowest rates of corporate tax and the labour-intensive service sector paying among the highest. All companies face the same nominal 30 per cent tax on income but the existence of accelerated depreciation and other tax concessions deliver disproportionately for the

Rethinking nation’s needs

by Richard Denniss in The Canberra Times

Economic growth is a very strange thing. In 1949 when our gross domestic product was about a tenth of what it is today, Australia set out to build 145 kilometres of tunnels, 16 major dams and nine power stations as part of the Snowy Hydro scheme. But 60 years later, when GDP is $1.3 trillion

November 2012

Where the buck stops in politics

by Richard Denniss in The Australian Financial Review

Conservative politicians used to bemoan the way Australia’s youth mindlessly imported American culture, but you don’t hear so much of that these days. Maybe it’s because many conservative politicians have become so comfortable importing their political talking points from their US counterparts. Like Republicans in the US, many in the Coalition seem alarmed about debt,

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