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.

A new report models the impact of an increased Medicare Levy in comparison to a progressive Medicare Levy, more like income tax, on the spread of Australian income earners.  The Government proposes to increase the Medicare levy to 2.5 per cent of income from July 2019. That would mean a gradual switch in the tax

Amidst increasing concerns among economists and budget forecasters about the historic stagnation of Australian wages, the latest GDP statistics from the Australian Bureau of Statistics have confirmed that the proportion of national economic output that is paid to workers has reached an all-time low.

The Fair Work Commission released two major decisions this week: its order regarding the timing for the implementation of reductions in penalty rates for Sunday and public holiday work in four major retail and hospitality awards, followed by its annual review of the general minimum wage. Both decisions will take effect on July 1. It

The Australian government’s surprising decision to impose a new tax targeted precisely at the biggest financial institutions in the country continues to generate public debate.  We have reviewed the structure, likely effects, and economic and regulatory context of the proposed 0.06% levy on selected liabilities of the 5 largest financial institutions in Australia. The loud

The Australia Institute has tested two claims made in response to the bank levy announced in the Federal Budget: that the impact of the levy will be passed onto customers, and that it will be borne by shareholders, affecting Australian superannuation savings. —For paper see PDF below— In either scenario, the research finds that the

The Northern Australia Infrastructure Facility (NAIF) is a $5 billion government fund for concessional financing to build infrastructure in northern Qld, NT and WA. The default financing mechanism is a loan. Adani has applied for a concessional loan of nearly $1 billion from the NAIF for a rail line so that it can export coal

A new ReachTEL poll of 1,618 Queenslanders shows strong opposition to state and federal subsidies for the Adani coal proposal, including among LNP and One Nation voters. -Polling results in attachment below- 59% of Queenslanders oppose Federal and State taxpayers’ money being used to fund Adani’s project. 37% said they were strongly opposed and just

Australia’s export credit agency, Efic, is a government-owned, taxpayer-backed organisation that aims to assist Australian exporters with financial services. Efic is currently considering a loan to a South African coal project. The Boikarabelo coal project has approval to produce 32 million tonnes of raw coal each year. The development of this project would likely contribute

The Labor party has announced a policy to limit the deduction that can be claimed for managing your tax affairs to $3,000. The complexity of the tax system means that some people are spending large amounts of money on accounting advice to take advantage of tax loopholes to significantly reduce their taxable income. They can then reduce their disposable

New polling from The Australia Institute shows almost two thirds (64%) of Australians oppose a taxpayer-funded subsidised loan to the Adani coal mine project, as reports emerge the Queensland Government is considering an additional $320 million subsidy to Adani in the form of a ‘royalty holiday’. —For polling brief see attachement below— “Providing a billion

New polling from The Australia Institute shows the majority of Australians think US President Donald Trump will not honour a deal to take refugees from Manus Island and Nauru to be resettled in the United States. Half of respondents (51%) disagreed with the statement ‘Donald Trump will follow through on the agreement’ while 28% agreed

New research from The Australia Institute has found that the Prime Minister’s electorate is the biggest reaps the greatest benefit from capital gains tax discount, by a large margin. CGT discount expected to cost the budget $9.6 billion dollars this year (2016-17) $44 billion over the next four years. Historical data also shows that, in

Media reports suggest that the Palaszczuk Government intends to give Adani a discount on the royalties the company would pay to extract the state’s coal.  If the Queensland government settles on a royalty holiday for Adani’s proposed coal mine, similar to that used earlier by the NSW government, the cost to Queenslanders will be almost

As a regional community, Tasmanians have historically enjoyed higher rates of home ownership than their mainland counterparts. However, as wages continue to stagnate, housing prices start to increase, and the State attracts more investment, the number of Tasmanians owning and occupying their own homes is falling.

As Australians debate the Fair Work Commission’ decision to reduce penalty rates for retail and hospitality workers, the Centre for Future Work has published new research on the prevalence of weekend work in other sectors of Australia’s economy – and the macroeconomic importance of extra income generated by weekend penalty pay. The analysis is based

Development of large coal mines in Queensland’s Galilee Basin will reduce thermal coal prices. This also reduces royalty revenue received by NSW. The Adani project alone is likely to reduce NSW revenue by nearly $50 million per year. The NSW government should oppose subsidies to Adani.

A new report conducted by the country’s largest union, the Australian Nursing and Midwifery Federation (ANMF), in conjunction with The Australia Institute has revealed high-levels of exploitation and human rights abuses suffered by low-wage workers involved in the overseas production of every-day medical goods used by Australians. 

As the mining boom winds down and the mining clean up boom begins, mine site rehabilitation and mine abandonment are emerging as major issues for Australian communities, governments and taxpayers. All stakeholders will need information on the status of mines and their rehabilitation efforts to ensure this is carried out in a way that does

Research from the Australia institute has calculated the impact of the recent Fair Work Commission decision to cut penalty rates on the Commonwealth Budget. The paper from Richard Denniss, Chief Economist at The Australia Institute, found reduced income tax collection from lower wages as well as greater welfare assistance for low income earners is, based on

Government and business leaders have proposed a range of possible “transition” mechanisms to ease the economic hardship, and defuse political anger, following the Fair Work Commission’s decision to cut penalty rates for work on Sundays and public holidays in the retail and hospitality industries.  This briefing note critically reviews several of these proposals.  Whether they

Pauline Hanson’s February 2017 announcement that One Nation will again campaign for a flat-rate 2 per cent turnover tax takes her back to a policy position she first adopted nearly two decades ago.Initial analysis suggests that a shift from the current taxation mix to a 2 per cent turn over tax as proposed by Senator

Today is International Women’s Day, a time to reflect on the continued inequality faced by women — including in the world of work.  Traditional measures of the “gender pay gap” indicate that women earn around 17 percent less than men, in ordinary pay in equivalent full-time positions.  But the situation is worse than that, because

On 2nd March The Australia Institute conducted an opinion poll of 754 residents of the State electorate of Braddon through ReachTEL, with representative samples by gender and age. The polling asked about the Fair Work Commissions ruling that Sunday and public holiday penalty rates should be reduced for full-time and part time workers in the

As Australia and other countries shift their economies toward lower-carbon forms of energy and production, problems of displacement and transition for workers in carbon-intensive industries must be addressed as a top priority.  The coal-fired electricity generation industry is on the front lines of this challenge. Centre for Future Work Director Jim Stanford was recently invited

Report on what we do and don’t know about mines, closures and rehabilitation in New South Wales. 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.

In the 2016 budget the government announced that it would close carbon tax compensation to new recipients of welfare payments. This would save the government $1.4 billion over the forward estimates, by reducing the income of some of the poorest Australians by around $10 per fortnight.  This cut was introduced to the Parliament in September