June 2010
Missing out
“Welfare cheat” stories have become a staple for tabloid current affairs programs in Australia. We regularly hear about the scourge of dole bludgers and those in the community who are claiming benefits but appear to be healthy. In fact, the recent Budget announced a crackdown on the disability support pension by overhauling the impairment test.
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.
Why we need a Resource Super Profits Tax
The Minerals Council of Australia’s advertising campaign against the Resource Super Profits Tax (RSPT) highlights its $80 billion tax payments over the last decade. Eighty billion dollars in the abstract does not really mean much. It has to be related to the mining industry’s profits and compared with other industries. Using the national accounts as
The Australia Institute’s ‘Budget in Reply’
Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at the Budget with regard to climate-change policy, child care and superannuation.
Populate or perish
Should Australia increase its population to 36 million? In this era of evidence-based policy, it seems strange that for all the government inquiries that have been held there is yet to be a major scientific, social and economic analysis of the impact of rapid population growth in Australia. While it might be hard to agree
Handicap banks to level out the field
The big banks now dominate the Australian financial system in the same way that the Melbourne Storm dominated the rugby league. They take the profits they made last year and they use them to fend off new competitors next year. They take the profits they earn in one part of their business and cross subsidise
April 2010
Time for a carbon tax; more money for you; measuring what matters
Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at a carbon tax; reforming the financial services industry and measuring what matters.
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.
Time for a breath of fresh air
Back before the CPRS took the wind out of the community it was common sense to believe that early action was cheaper than delayed action. And back before anyone had heard of ’emission intensive trade exposed industries’ it was patriotic to believe that Australia should lead the world, not lag it. If we are to
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
Private health insurance; too much government debt?; measuring what matters; superannuation
Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at subsidising Lycra at the expense of knee surgery””private health insurance premiums rise again; is Barnaby right? Is there too much government debt?; measuring what matters; shaking up the super industry.
NL 61, March 2010
This edition of the Institute’s newsletter looks at bank profits, loyalty cards, the government’s My School website, barriers to women’s employment, population policy and the role of carers.
Redressing the balance for members
A lot of people in the superannuation industry are very worried at the moment. This is not because they see another market crash on the horizon; things are generally back on track in that sense. They’re worried because things are about to get much better for millions of ordinary working Australians at the expense of
A licence to print money: bank profits in Australia
Banking is an essential part of the Australian economy – almost an essential service. So why should it be “extremely profitable” to use the former RBA’s Governor’s words? Why do bankers have to be exceedingly privileged? What does that mean to those of us who need to use the banking system? And what can we
Insulation; Telstra’s profits; banking on getting them while they’re young
Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at insulation: the wrong kind of price signal; Telstra profits at the expense of low-income earners; and, banks and financial literacy programs.
Dick Smith talks population – Wednesday, 10 March
The Australia Institute and Sustainable Population Australia will host a speech by Dick Smith on Wednesday, 10 March. Dick will discuss ‘Population: the elephant in the room we have ignored for too long’. 5.30 for 6pm start Molonglo Room Canberra Club 45 West Row Canberra City More details are provided in the attached flyer.
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
Taking from the Banks to Give to the Worthy
Originally printed in The Age. Nearly 800 years after celebrated rogue Robin Hood and his entourage of bandits launched raids from their Sherwood Forest hide-out – redistributing wealth from a greedy and corrupt aristocracy to the starving peasantry – he has been recruited to a new campaign. This month, 350 prominent economists, including Nobel Prize-winner
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
Dealing with the Senate’s climate impasse
The Greens and government should at least be able to agree that some carbon price is better than none, writes Richard Denniss.
Wayne Swan fiddling as climate burns a budget black hole
According to the spin doctors, governments should never let a crisis go to waste. And of course the best crises are the ones you invent yourself. Done well, they ensure others spend a lot of time worrying about the wrong things. Of course the latest intergenerational report, like its predecessors, is full of doom and
January 2010
The great big pay disparity
The Commission’s final report reveals little inclination to seriously address excessive executive remuneration. While its recommendations aimed at reassuring shareholders have been watered down, there is a distinct lack of recommendations aimed at addressing the equity issue which the report so starkly highlights.
December 2009
NL 60, December 2009
This edition of the Institute’s newsletter looks at the CPRS, indigenous affairs, food waste, the Disability Discrimination Act, homelessness, congestion charging, superannuation, unpaid overtime and national Go Home On Time Day, and emerging issues for Australia’s youth.
Cooper Review; welfare paternalism; banks and bananas; Christmas leftovers
Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at the Cooper Review into superannuation; the ‘quarantining’ of income support; the Carbon Pollution Reduction Scheme; bank profits and food waste.
Deep flaws in CPRS and so many devils in details
The scientific consensus is that climate change is an urgent problem; the economic evidence says that the costs of tackling climate change are trivially small compared to the costs of inaction; and polling shows that the vast majority of the Australian public wants to see real action. So why has the CPRS stalled and why
No urgency for bipartisan win by climate sceptics
Emission reduction targets are so weak as to be useless, Richard Denniss argues.
November 2009
Workplace f-word
Are your working hours ‘flexible’? Thank goodness for your annual leave, when you can recover from all that flexibility. Unfortunately, your annual leave might be eaten away by the extra hours you work throughout the year.
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.
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