February 2009
Making life easier for emitters
The unfortunate reality is that, having waited a decade for a government to express a willingness to do something about climate change, we are now faced with a choice between a policy that locks us into failure by dictating that emissions in Australia cannot fall by more than five per cent and abandoning the CPRS
January 2009
Sloppy super
Debates about superannuation policy are often ideological in tone.People in finance and investment circles tend to forget that the majority of Australians are profoundly disengaged from their super, at least until they approach retirement. The super system is so complicated that many workers take the simplest option – doing nothing. Governments therefore have a responsibility
NL 57, December 2008
Hugh Saddler and Helen King examine the difficulties implicit in applying emissions trading to agriculture; Josh Fear reclaims your time from the telemarketers and examines the superannuation industry in Australia; David Richardson explains how accelerated depreciation would help the renewable energy industry; Richard Denniss looks at a new top tax rate; John Langmore asks whether
December 2008
Between the lines 5
An economical truth. The bogus economic case for telemarketing. Bee lines. Over a barrel.
Choice of Fund fails to engage consumers
The Choice of Fund Policy has failed to resolve widespread consumer disengagement with superannuation. As few as four per cent of workers switch super funds each year and around half of this is ‘passive’ choice due to job change or fund closure. Choice of Fund has also been largely unsuccessful in lowering the number of
November 2008
Household emissions reductions pointless under emissions trading
The introduction of an Australian emissions trading scheme in 2010 makes it pointless for households to reduce their energy use.
Between the lines 3
Government assistance to industry. New anti-SLAPP legislation in the ACT. ACMA’s recent decision on subliminal advertising. The need for wellbeing in a climate-changed Australia.
October 2008
Agriculture and emissions trading don’t mix
The Rudd Government hopes to incorporate agriculture into its Carbon Pollution Reduction Scheme (CPRS) in 2015 but this initiative is unlikely to be successful.
Between the lines 2
Why we care more about the financial crisis than climate change. The 50 per cent discount on capital gains. Whether there has been an exodus from public schools to private ones.
Tax increase on million dollar incomes could raise $450 million
High-income earners in Australia have enjoyed significant growth in their incomes over the past decade but the tax system has not kept pace.
Subsidise renewables and stimulate jobs
Calls for the introduction of accelerated depreciation provisions for investment in clean energy. Because the price of this equipment is likely to fall sharply in the coming years, firms which invest today will experience ‘first mover disadvantage’.
Electricity sector neglects renewables research
The electricity industry generates around 45 per cent of Australia’s carbon emissions so it is surprising to see so little R&D in this industry. The electricity industry should be at the forefront of exploring lower emissions and renewable technologies, but the figures suggest the industry is not serious about doing so.
Subsidise renewables and stimulate jobs
Calls for the introduction of accelerated depreciation provisions for investment in clean energy. Because the price of this equipment is likely to fall sharply in the coming years, firms which invest today will experience ‘first mover disadvantage’.
Those who earn the most care least about pensioners
While 56 per cent of Australians living in households with incomes of less than $40,000 per cent per year were willing to pay higher taxes to fund an increase in the aged pension, only 34 per cent of those with household incomes above $150,000 agreed.
Banks are exploiting the uncertainty
Discusses the extent of the profits banks will generate by not passing on the full cut in official interest rates to their customers.
Put customers before profit
Australian banks should pass on the full cut in the interest rate to their customers. The Reserve Bank is trying to stimulate the economy, not the profits of Australia’s big banks.
In a man’s working world parental leave should be about fathers, too
Originally printed in the Sydney Morning Herald. Under the Productivity Commission’s parental leave proposal, men are entitled to two weeks’ paternity leave (use it or lose it), and mothers would be allowed to transfer their 18-week entitlement to their partners. It leaves the important decision about who provides primary care up to individual families and,
Between the lines 1
Why we measure stock market performance daily, but don’t measure what really counts. The record profits of Australia’s big banks despite the ‘crisis’. The real reasons behind Australia’s doctor shortage. The Government’s review of Australia’s tax system: are we paying enough?
No 56, September 2008
Richard Denniss explains how an emissions trading scheme works; Josh Fear looks at financial choices; Gemma Edgar explores the possibility of a national compact between the government and NGOs and David Richardson writes about the problems of hidden unemployment.
September 2008
August 2008
The Elixir of Corporate Compensation
We need the TGA, and other government regulatory bodies, to keep their teeth. We also need them to behave respectably and transparently. The TGA must now come clean about what went on behind the scenes in the Pan case if it has a chance of regaining authority.
June 2008
Turn Green Switch Now for a Fresh Burst of Energy
Not only can current jobs be adapted to green jobs, Australian engineers who now go to Europe, California or China might be lured home. Eventually, every job needs to be a green job: every industry will need to readjust to the reality of climate change and play their part in cutting Australia’s emissions. At best,
Credit reform needs to go back to basics
Recent research by the Australia Institute reveals the extent of community mistrust of the financial sector. Indeed, a large majority of adult Australians hold banks and other financial institutions responsible for the current debt crisis. Although many people believe that personal responsibility in financial decision making is important, there is broad consensus that the banking
No. 55 June 2008
Incoming Executive Director Richard Denniss shares his strategic vision for the Institute.
May 2008
A borrower nor a lender be
Australia’s love affair with easy credit has turned on itself. The price of credit has reached its highest point in 14 years, and home buyers are feeling the economic pain associated with higher interest rates. The corporate sector has tended to blame individuals for taking on more debt than they can handle, drawing on the
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