New costings from the Parliamentary Budget Office show the government could help retirees boost their own incomes at nearly no cost to the budget by making the Pension Loans Scheme (PLS) available to all who wish to use it.  The costings complement research by The Australia Institute which made the economic case for expanding the

New costings from the Parliamentary Budget Office (PBO) show the government could help retirees boost their own incomes at nearly no cost to the budget by making the Pension Loans Scheme to available to all who wish to use it to have a comfortable retirement while living in their own homes. Costings requested by Senator

Go Home On Time Day is a national initiative which encourages employers and employees to raise awareness of the importance of a healthy work-life balance.

Recent Australian Free Trade Agreements (FTAs) over promise and under deliver.  Analysis by The Australia Institute of FTAs past and proposed reveals that claims of job creation and economic growth contradict available data.  On Monday the Senate will debate the China-Australia Free Trade Agreement (ChAFTA). On Friday last week the text of the Trans Pacific

Australians are getting older and almost all of us want to live in our homes for as long as we can. But can we afford the services that will keep us living at home? Research released today by The Australia Institute shows that around 80 per cent of Australians are worried that they won’t be

After decades in public life some Australian corporate leaders are figuring out what first-year philosophy students grasp in their first lecture: it’s hard to define “ethical”. But as Transfield Services’ chairman Diane Smith-Gander has discovered, the stakes are a bit higher than undergrad debating prizes. Losing the debate over the ethics of running offshore detention centres

The mining and forestry lobby campaign to remove tax-deductibility for certain non-for-profit organisations they deem contrary to their business interests, does not have the support of the Australian public, according to new polling. Hearings are ongoing in the Government’s inquiry into the administration, transparency and effectiveness of the Register of Environmental Organisations. Many Coalition politicians

The new report Charity ends at home: The decline of foreign aid in Australia examines the history of Australia’s Official Development Assistance scheme – known as foreign aid.  The research by The Australia Institute, in collaboration with Jubilee Australia Research Centre, outlines that the former Labor Minister, Stephen Smith, and Liberal Minister from the 70’s,

As new Resources and Energy Minister Josh Frydenberg announces that the $5 billion Northern Australia fund could be used to subsidise coal projects, including the Adani mine in the Galilee, research shows support ranging from 65% to 78% for a policy shift.  According to a series of polls, commissioned by The Australia Institute as part

First published in the Australian Financial Review – here It’s bizarre that people blame Tony Abbott’s demise on his inability to communicate. He was a great communicator, and people knew exactly what he stood for. No politician was as relentlessly ‘on message’.  Abbott’s problem wasn’t the clarity of his message; it was the incoherence of

Cost Benefit Analysis (CBA) of government bill estimates only 88 Australian seafarer jobs will remain under the Department’s preferred option for policy change (table below). This represents a loss of 1,089 Australian seafarer jobs, or 93 per cent of the current workforce. A submission to the inquiry into Shipping Legislation Amendment Bill 2015 by The

The Queensland Treasurer, Curtis Pitt, has brought a welcome reality check to discussion about the Adani coal mine, pointing out the danger of overstating the importance of the mine to the state’s economy. Queensland has workforce of 2.3 million people. Adani’s own economic expert has said the mine will create around 1400 jobs, or a

The Abbott Government’s move against environmental law is an unjustified overreaction according to a review of legal action under the EPBC act by The Australia Institute. 3rd party appeals to the Federal Court have only affected 0.4% of all projects referred under the legislation.  — Download briefing paper available below — “Proper third party appeals

Since Tony Abbott took office, 101,900 more Australians are unemployed, but the Prime Minister is determined to create a new scapegoat – that of environmental legal victories – rather than face up to fundamental issues in the economy. “We’re seeing a deliberate effort from the Government to blame environmental law for job losses, despite all

A new report has exposed Australia’s wine tax system as corporate welfare, with Australians paying a billion dollars a year to subsidise the wine industry. Unlike beer and spirits, which are taxed based on their alcohol content, wine is taxed on its wholesale value. As a result, cheap wine attracts far less tax than beer

Queensland spends less on social services than the rest of Australia in per capita terms, a new report from The Australia Institute has revealed. (Table 1 below) The state is the nation’s biggest spender of public funds in one area though; subsidies for mining projects.  Currently public schools face a $268 million maintenance backlog, and

The mining industry is furious that if you make a donation to an environment group, your donation is tax deductible. You know the drill. You give someone in a koala suit anything over $2, they give you a receipt and go off to save an owl, hug a tree or, more likely, make a submission

While the public are rightly outraged at the callous tone of the Treasurers ‘get a good job’ remarks in response to housing affordability, economists should be equally disturbed about the bizarre logic behind the government’s approach to the issue. Joe Hockey seems to be increasingly confused about what housing affordability is. Hockey and Abbott believe

Senators Jacqui Lambie, Glenn Lazarus, Ricky Muir and Nick Xenophon will today call on the government and opposition to back broadening access to the Pension Loan Scheme (PLS) to any retirees who wish to use it. Press Conference: Senators together with The Australia Institute executive director, Richard Denniss, will be available for comment 10:45am, APH

The Guardian reported this morning International Monetary Fund calculations that world fossil fuel subsidies are running at $5.3 trillion dollars annually, or $10m per minute. In Australia, successive state and federal governments have given subsidies in the form of diesel fuel rebates, infrastructure funding and royalties discounts worth billions. TAI director of research, Rod Campbell,

A little bit of economic theory is a dangerous thing, and many of the people defending what BHP and Rio Tinto have done to the price of iron ore are demonstrating that they have very little economic knowledge indeed. Economists usually don’t like cartels, or other forms of producer protections, as they help producers and

Joe Hockey’s “do nothing” budget is better than his first “do harm” budget, but he still hasn’t tackled the big issues that face Australia in the wake of the mining boom, writes Australia Institute executive director and economist Richard Denniss. This article was produced for, and originally published by Crikey.com.au – Here. The economy described in

The Reserve Bank of Australia today cut interest rates to a new record low of 2%, but cited surging house prices in Sydney as a concern. In the lead up to next week’s Federal Budget, the Government has ruled out any changes to generous subsidies for real estate investors, in particular the Capital Gains Tax

The apparent Coalition aim of cutting taxes does not match its public declarations about reducing the deficit. But tensions within the Coalition make any move on taxes difficult. Does Joe Hockey think removing the deficit levy will make the deficit go away? Announced in last year’s budget, the temporary 2 per cent increase in the

The latest modelling of Superannuation Tax Concession distribution shows the inequality is growing as the cost to the budget surges. $12.2 billion, 41% of all concessions, are going to the top 10% of households. $17.8 billion, or 60%, go to the top 20%. “That leaves 80% of Australians to share the remaining 40% of what

As debate continues over ‘means testing the family home’, new polling shows 1 in 2 Australians think the government should require retirees with expensive homes to fund their own retirement incomes, through an existing but little known government scheme called the Pension Loans Scheme (PLS). “The PLS is essentially a government provided reverse mortgage, but

While a large number of people take advantage of negative gearing for residential investment properties in Australia, the majority of the benefits, in dollar terms, are more narrowly focused.  A paper released yesterday by The Australia Institute showed how the benefit of negative gearing was distributed by income and aged groups. Today TAI released data

Modelling from NATSEM featured in a new report from The Australia Institute and GetUp, reveals that more than half (55%) of the benefit of capital gains discount and negative gearing goes to the top 10% of income earners.   Australia is one of only three OECD countries with this type of negative gearing regime. Working together with

The Earth is flat, climate change is a conspiracy and the only way to collect more money for the states is to collect more money via the GST. How did the nonsensical belief that the GST is the one and only source of commonwealth revenue that can be transferred to the states come to be

Richard Denniss, Executive Director of The Australia Institute and long-time advocate of overhaul to the super tax concessions scheme, has welcomed moves on the issue by the Australian Labor Party but says it needs to be the start, not the end of the conversation. “Providing generous tax concessions to people who are already far too