September 2009
NL 59, August 2009
Richard Denniss examines the work of the Institute over his first year as the new executive director; Brian Walters looks at anomalies in the common law with regard to public and private interests; David Richardson dissects the benefits of the mining boom; Georgia Miller explains some of the problems inherent in the nanotechnology revolution.
August 2009
The hidden impact of the Global Financial Crisis
Women account for up to 80 percent of Australia’s hidden unemployed, new research into the current economic downturn by The Australia Institute reveals. The report finds that not only are child-care responsibilities the most common reason why women struggle to rejoin the workforce, but those same responsibilities are a major reason that women are excluded
Government out of step with Australians on the CPRS
The Rudd Government is at odds with a majority of Australians in prioritising the needs of business in its climate-change policy, according to a new paper by The Australia Institute.
Between the lines 14
Denticare: making a mountain out of a molar. Dissent is a dirty word. A fair-weather friend: Australia’s relationship with a climate-changed Pacific. Extract from author Ben McNeil’s speech at the launch of ‘The Clean Industrial Revolution’.
July 2009
Peoples bank deja vu: a spotted history of competition in the banking sector
The global financial crisis has meant Australia’s top four banks have moved into the world’s top 10 banks in terms of financial soundness. While that says a lot about Australia’s regulators and regulatory environment, the global financial crisis has also meant much of their competition has been wiped out as customers consolidate around ‘sound and
Selfless winds of change
the ‘cap-and-slice’ proposal actually resembles the public’s perception of how emissions trading works more closely than the CPRS. Three-quarters of respondents to a recent Australia Institute survey said that Australia’s total emissions would go down if every household reduced its electricity use. Only 13 per cent gave the answer that corresponds to the CPRS: that
The surprise victim of Rudds carbon scheme
It is hard to imagine a scheme that is less fair than the CPRS. The Commonwealth collects the revenue and the states do the spending. The polluters get compensation and those dependent on the public health and education systems get nothing. Of course tackling climate change doesn’t need to be so unfair. With the legislation
Between the lines 13
Edited extract from Senator Christine Milne’s address to the National Press Club. Poverty and sustainability in developing countries: the impact of international trade in carbon. Australia’s Government debt: how does it stack up? Five disease outbreaks that are worse than swine flu.
Tax cuts favour the rich
Discusses how the July 2009 tax cuts are highly skewed towards the rich. High-income earners get $41 per week and low-income earners get nothing at all.
Need and social goals
Australia is a wealthy country. Although the current slowdown in the rate of economic growth has had a substantial impact on the government’s finances, the fact is that much of the ‘boom’ preceding this downturn was squandered through round after round of tax cuts. This occurred to such an extent that, despite the fact that
June 2009
Was the mining boom good for you?
The mining boom bonanza barely spread beyond the mining industry itself but the negative implications of the mining boom were felt very widely. This is important in view of the current suggestions that the end of the mining boom implies that Australians will have to tighten their belts. Symmetry should apply in the event of
World blood donor day: Australians happy to give their blood for free
The national survey of 2000 adults found that the notion of paying blood donors does not have widespread community support. Seventy-one per cent (71%) of respondents did not think that donors should be paid for their time when they donate blood.
Between the lines 12
The benefits of the mining boom: where did they go? Renewable energy: the more the merrier, but how would we know? Mutual obligation by any other name.
The CPRS–Where to from here?
The CPRS has fundamental flaws that need to be addressed. A mechanism to ensure that the efforts of individuals and state governments to reduce emissions result in lower emissions, not extra permits for other polluters, needs to be introduced. Similarly, the decision to insulate the petrol price from the introduction of a carbon price needs
Good politics pointless policy
While it may not have been the government’s intention, it looks like the most potent symbol associated with the CPRS might be the Senate uniting to vote it down. The likely delay in implementing an effective scheme is a source of much regret for people who have called for urgent action for many years. But
Between the lines 11
The 2009 Budget in clichés. The ghost of Keating past. How green is my Budget? The good, the bad and the ugly.
NL 58, May 2009
Dr Bill de Maria discusses the new whistleblowing proposals; David Ingles laments the exclusion of people on NewStart from either of the stimulus packages and explains the great superannuation tax concession rort; Reconciliation Australia looks at reconciliation a year after the Rudd apology; Tully Fletcher examines the current state of legal aid; Richard Denniss enumerates
May 2009
Climate change and employment in Australia: what history says
While it may seem appealing to wait until we know where the new jobs are going to be before we start moving away from the jobs the atmosphere can no longer support, developing such a ‘plan’ is a fool’s errand. The fact is we did not wait until we knew where photo development lab workers
Where has all the revenue gone?
Tax cuts for the rich damage the Australian economy and disadvantage the average Australian.
Where has all the revenue gone? To tax cuts for the rich!
The underestimated revenue in the years from 2003-04 to 2008-09 is now running at $83.4 billion. Around half of that has been returned as tax cuts which disproportionately help people earning double or more than average weekly earnings (AWE). The research reveals that as a result of the past and proposed income tax cuts a
Where has all the revenue gone? To tax cuts for the rich!
Right up until the end of the resources boom and the onset of the global financial and economic crisis, the government was flush with money, a result of the virtually continual ‘surprises’ as economic growth, and especially government revenue, came in way over budget forecasts in each of the years from 2003-04 to 2007-08. By
Banks gouge 3 cents out of every dollar spent in Australia
The nation’s big four banks are reaping profits amounting to three cents in every dollar spent in Australia. Westpac’s announcement today that its half year profit was $2,175 million brings the total half year profit reported by the big four, Westpac, ANZ, Commonwealth Bank and National Australia Bank, to $8,269 million, or 1.5 per cent
Time to reform capital gains tax
There are strong equity and efficiency arguments for taxing all income from capital at the same rate; the current concessions are wrong in principle and regressive in practice. The focus should be on why the wealthy enjoy the unique privilege of having a sizeable part of their real income taxed at half the normal rate.
April 2009
Between the lines 10
Paid parental leave. Increasing GDP. The measurement of unemployment.
Paid parental leave pays for itself and boosts the economy
Australia could introduce a paid parental leave scheme that pays for itself, creates nearly 9,000 new jobs and boosts the economy. The flow-on effect of paid parental leave on women’s participation in the labour market is likely to generate additional GDP of at least $2.5 billion and additional Government revenue of $625 million. This means
True unemployment rate update
An analysis of new Australian Bureau of Statistics data by The Australia Institute reveals that in September 2008 there were 780,900 people who did not have a job, wanted to work but were not included in the unemployment figures. Taking account of these ‘hidden unemployed’ brings Australia’s real rate of unemployment to 11.7 per cent,
True unemployment rate now at 11.3 per cent
The number of Australians out of a job is significantly more than widely reported. An analysis of new Australian Bureau of Statistics data by The Australia Institute reveals that in September 2008 there were 780,900 people who did not have a job, wanted to work but were not included in the unemployment figures. Taking account
March 2009
Between the lines 9
Senator Fielding and the alcopops debacle. The wisdom of tax cuts. Freedom of information becomes freer?
The great superannuation tax concession rort
Superannuation is the most concessionally-taxed investment in Australia with contributions, fund earnings and payouts all receiving concessional treatment. According to Treasury, the effective marginal tax rate on superannuation savings is highly negative. This paper discusses how superannuation could be reformed to make it more equitable.
Between the lines 8
A Human Rights Act for Australia. Executive excess. Policy on the run; is policy underdone? Food security
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