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Economics
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- Employment & Unemployment
- Future of Work
- Gender at Work
- Gig Economy
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- Tax, Spending & the Budget
- Unions & Collective Bargaining
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September 2017
The bearable lightness of lost revenue: Negligible tax losses from poker machine reform
With the Tasmanian Joint Select Committee on Future Gaming Markets considering the future of poker machines in Tasmania, community pressure is growing for poker machines to be banned from hotels and clubs, limiting them to casinos and the Spirit of Tasmania vessels. Concern that this proposal would reduce government revenue is misplaced. Recent modelling by
False Economies: The Unintended Consequences of NSW Public Sector Wage Restraint
Budget-cutting political leaders regularly target the jobs and incomes of public sector workers as the first and most politically convenient target of their austerity measures. But their crusade to balance the books by downsizing headcounts, intensifying work, and freezing the pay of the workers who deliver essential public services can backfire. In this new report,
Wage Suppression a Time Bomb in Superannuation System
The record-slow pace of wage growth in Australia’s economy is not just making it difficult for families to balance their budgets, it also threatens severe long-run damage to Australia’s superannuation retirement system. That’s the finding of new research from the Centre for Future Work at the Australia Institute.
Tasmanian Jobs
The Australia Institute Tasmania and Unions Tasmania launched the inaugural Tasmanian Jobs Survey in June of this year. We invited Tasmanians to complete a survey about their employment status, their union membership (if any), their household budget and disposable income and how work affects their life. The survey began May 1st 2017 and ran until
Wishful zinking – Economics of the McArthur River Mine
The McArthur River zinc-lead mine in the Northern Territory imposes significant environmental costs on the local community. Claims that it could produce government revenue of over $1.5 billion are based on flawed economic modelling that estimates tax revenues over a 1,000 year period.
June GDP Numbers Confirm Lopsided Economy
This week the ABS released new GDP data, covering the June quarter, which confirm the continuing structural shift away labour toward capital in the distribution of income. We have prepared a short briefing note, contrasting the strong growth in corporate profits over the past year with the stagnation of labour incomes. Workers simply do not
The tip of the iceberg: Political donations from the mining industry
Political donations in Australia are difficult to monitor as many go unreported. Only donations over $13,000 are disclosed to the Australian Electoral Commission. The majority of donations are likely to be under this disclosure threshold or hidden through other means, such as through associated entities or party fundraising events. Despite these shortcomings, the disclosures that
Undermining our democracy: Foreign corporate influence through the Australian mining lobby
Australia’s mining industry is 86% foreign owned and has spent over $541 million in the last ten years on lobbying Australian governments through its peak lobby groups, which are dominated by foreign interests. Spending on lobbying by individual mining companies is not public information, but would bring this number up significantly. This report finds that:
August 2017
Dark side of the boom – Victoria
What we do and don’t know about mines, closures and rehabilitation in Victoria. Little data is available to the public on the clean-up from the mining boom. State government agencies often lack basic information on how many mines are in operation, with still less published on closures and abandonments.
Economic Impacts of Reductions In Penalty Rates for Sunday & Holiday Work
Our Centre has conducted considerable research into the impacts of the Fair Work Commission’s decision to substantially reduce penalty rates for Sunday and holiday for workers under the terms of the Modern Awards covering four sectors of the economy: fast food, retail, hospitality, and pharmacy. Penalties for Sunday work will be reduced by up to half; penalties will also be reduced for working on public holidays.
Re: Tax deductible gift recipient reform opportunities
The Australia Institute made a brief submission to the Treasury discussion paper on Tax deductible gift recipient reform opportunities. The Australia Institute is a Canberra-based think tank, registered as a charity with the ACNC. We conduct research on a wide range of economic, policy and political issues. We commented on Consultation question 12: Stakeholders’ views
Submission to Future reform – an integrated care at home program to support older Australians
The Australia Institute made a submission to the discussion paper on Future reform – an integrated care at home program to support older Australians. The discussion paper includes no consideration of shared living programs. This is a serious oversight given the paper’s emphasis on reform and innovation in care-at-home services. The main shared living programs
New Research Symposium on Work in the “Gig Economy”
The informal work practices of the so-called “gig” economy are widening existing cracks in Australia’s system of labour regulations, and should be repaired through active measures to strengthen labour standards in digital businesses. That is the conclusion of newly-published research from a special symposium on “Work in the Gig Economy,” organised by the Centre for Future Work.
Not an independent fund? Submission to Inquiry into the governance and operation of the Northern Australia Infrastructure Facility (NAIF)
The Australia Institute made a submission to the Senate Economic Committee’s Inquiry into the governance and operation of the Northern Australia Infrastructure Facility (NAIF). Over the past year The Australia Institute has investigated the governance and operations of the NAIF. NAIF is entrusted with $5 billion of public funds and has an important role in
Submission on Regional Investment Corporation Bill 2017
The Australia Institute made a submission to the Rural and Regional Affairs and Transport Legislation Committee regarding the Regional Investment Corporation Bill 2017. The Australia Institute acknowledges the merit of government financing, including on a concessional basis, to address areas of public good, promote sustainable economic development, to address market gaps, and to help with managing risk. However,
In the dark on Adani deal
The Palaszczuk government’s special royalty deal with Adani remains secret after Treasury blocked a Right to Information request. 2000 pages relating to the ‘clear’ and ‘transparent’ royalty framework were almost entirely redacted. Public servants expressed concerns about analysing the deal after it has been offered. The Queensland Treasury has refused to release the royalty subsidy
July 2017
Dam the expense: The Ord River irrigation scheme and the development of northern Australia
Australian governments have been trying to develop northern Australia for a long time, with the latest policy papers and Northern Australian Infrastructure Facility just the most recent in a long tradition of generally unsuccessful attempts to entice more people to the continent’s north with the promise of jobs and prosperity. The Ord River irrigation scheme
Leading the Nation?
The Australia Institute released a report today that exposes the systemic failure of the ACT’s primary education system and offers recommendations on how to rejuvenate the sector. The Australia Institute report, released today compared the NAPLAN results of twenty-four high socio-economic primary schools in the ACT between 2008 and 2016 and found the government schools
Trusts and Tax Avoidance
A new report released today from The Australia Institute’s Senior Research Fellow, David Richardson shows that, according to ATO data, the equivalent of 21.6 per cent of Australia’s national income was run through a trust. The latest ATO figures show there are 823,448 trusts with assets of $3.1 trillion, and total business income of $349.2
Polling: Lyons on Fish Farming
The Australia Institute Tasmania commissioned a survey, conducted by ReachTEL, of 927 residents in the federal electorate of Lyons on the night of the 17th July 2017. Less than one in five (16.9%) voters saying the industry has a positive effect on other fishing industries, while around one third (33.5%) say it has a negative effect
Royalty flush II
Palm trees and palm-offs: Australia’s climate action and distraction in the Pacific
As Fiji prepares to chair climate talks in late 2017, Pacific leaders are gathering in Suva to consider what policies to push for. One should be a moratorium on new coal mines. Australian government ministers are actively promoting subsidies to the world’s largest new coal mine, Adani’s Carmichael project. When Pacific leaders have called for
Inquiry into Horizontal Fiscal Equalisation
State governments are universally supportive of resource development. They provide considerable financial support to the sector, yet receive relatively little in return. We are unaware of any example of states using the HFE system to argue against resource development.
Report: South Australia Bank Levy
A new report from The Australia Institute’s Senior Economist, Matt Grudnoff, reviews the economic impact of the South Australian government’s proposed bank levy. The research finds that the banks are not only very capable of paying the 0.0036% levy on the same liabilities that the federal government levy is based on, but also that the
June 2017
Export Finance and Insurance Corporation Amendment (Support for Commonwealth Entities) Bill 2016 [provisions]
The Jubilee Australia Research Centre and The Australia Institute welcome the opportunity to make a submission on the Export Finance and Insurance Corporation Amendment (Support for Commonwealth Entities) Bill 2016. The primary purpose of Efic under the original Export Finance and Insurance Corporation Act 1991 is to “assist the development of Australian export trade.” Efic
Levy on the Major Banks
The Australia Institute welcomes the opportunity to a submission to the Inquiry into the Major Bank Levy Bill 2017 and the Treasury Laws Amendment (Major Bank Levy) Bill 2017. This submission should be read in conjunction with some earlier submissions to Senate Inquiries. In particular we refer to our submission to the Senate Economics Committee
Free room for ‘rent’
Successful Homeshare programs in the balance as NDIS roll-out offers new risks and opportunities. A new report from The Australia Institute, released today at the Council on the Ageing national housing policy forum, identifies semi-formal shared living opportunities for older Australians and people with disabilities. —Full report available in PDF below— Homeshare models provide free
Manufacturing: A Moment of Opportunity
In conjunction with the National Manufacturing Summit, titled “From Opportunity to Action,” at Parliament House in Canberra on June 21, 2017, the Centre for Future Work has released a new research paper on the opportunities to sustain and expand manufacturing jobs in Australia. Our new report, Manufacturing: A Moment of Opportunity, by Jim Stanford and
Economics of unconventional gas development
Development of unconventional gas in the NT risks connecting the NT to the chaos in wider Australian gas markets. As the nation becomes a major gas exporter with record production there have been no winners.