On 28 October 2010 the Senate referred the topic of competition in the banking sector to the Senate Economics Committee for inquiry. Terms of Reference Competition within the Australian banking sector, including: (a) the current level of competition between bank and non-bank providers; (b) the products available and fees and charges payable on those products;

On 30 September 2010, the Select Committee on New Taxes initiated an inquiry into the following matter: (a) new taxes proposed for Australia, including: (i) the minerals resource rent tax and expanded petroleum resource rent tax, (ii) a carbon tax, or any other mechanism to put a price on carbon, and (iii) any other new

Time, as they say, is money. In fact, one of the most important aspects of our lives – what we do for a living – involves exchanging our time, in the form of labour, for money. Yet, millions of Australians ‘donate’ unpaid overtime to their employers on a regular basis. Like money, time is vital

The Australian Government is not doing enough to ensure that Australian imports of forestry products are consistent with the goals of Australian aid programs and stated commitments to reduce greenhouse gases. Australian aid includes programs and projects to help Indonesia, Papua New Guinea and the Pacific Island nations to better manage their forestry resources for

The Australian tax-transfer system targets those in need and, as a consequence, is prone to poverty traps, areas where higher private income leads to very little gain in disposable income, and high effective marginal tax rates (EMTRs) in general. This can severely impact on people’s ability to work their way out of poverty. Particularly acute

While the 2007 election was fought on a promise by the ALP to introduce a carbon price the 2010 election was fought by both the ALP and the Coalition on a promise not to do so. For the ALP the promised inaction was until at least 2013 and for the Coalition the promise was open

The Coalition has proposed to cut the size of the Commonwealth public service workforce by 12,000 over the next two years. There has been considerable debate in Canberra, which employs more Commonwealth public servants than any other city, about the likely impact of such a contraction on the local economy. In addition to the direct

The power of Australia’s big four banks is unmistakeable. Their underlying profits equate to almost three per cent of GDP, up from less than one per cent a quarter of a century ago. Of every $100 spent in Australia, nearly $3 ends up as underlying profit for the banks. Profits are so high because the

A price on carbon is widely regarded as an essential element of an efficient response to climate change, yet such an approach has been described as a ‘great big tax on everything’ by opponents. While there is no doubt that putting a price on greenhouse gas emissions will lead to an increase in the price

Despite a great deal of enthusiasm about green jobs, there has been surprisingly little interest in what the concept actually means. Given that the precise definition of a green job will ultimately determine both the environmental effectiveness of the growing body of green-collar workers and the value received in return for significant public investment, the

An analysis of just four Centrelink payments, the Parenting Payment, the Carer Allowance, the Disability Support Pension and the Bereavement Allowance, revealed that in 2008, more than 168,000 Australians missed out on government assistance estimated to be worth $623.8 million. Research shows that people are excluded because of: a lack of awareness about available assistance;

This paper presents the first data collected for the Measuring what Matters indicators; access to primary health care. The paper begins by presenting new data on why people say they wish to see a doctor and then reports the degree of difficulty that Australians experience as to their ability to make appointments with doctors at

If a binding agreement can be reached on a post-2012 international climate regime, it is likely to include a market-based instrument for reducing emissions from deforestation and forest degradation (REDD) and enhancing forest sinks in developing countries (collectively known as ‘REDD-plus’). Under such a scheme, countries that reduce net REDD emissions below a pre-set baseline

‘Minerals in the Australian economy’ is of course a big topic. On the one hand that means it is inevitable that major issues are not discussed. On the other hand it means that the contributor has a lot of scope to select what to talk about. The position here is not to question the peak

As a result of climate change, the distribution of dengue and other vector-borne diseases will be affected not only in Australia but also globally so that shortages in the supply of fresh blood products could become more widespread in the future. This situation highlights the need for Australia to adopt effective national emissions targets and

Banks were portrayed as the villains of the global financial crisis; many of the big international banks and their executives were associated with greed and excessive risk-taking. Regulators were obliged to step in with unprecedented rescue packages to save the financial systems in the US, the UK and, to a lesser extent, the major European

Senator Stephen Conroy, the Minister for Broadband, Communications and the Digital Economy, has asked the Australian Competition and Consumer Commission (ACCC) to review Telstra Corporation Limited’s (Telstra) price control arrangements and has called for public submissions. The ACCC is to report by 12 March 2010 and the ACCC has asked for written submissions by 12

We are constantly told that ‘nano’ science and technology are going to revolutionise our lives – but what does this really mean? This paper aims to introduce and engage its audience in the experiment that is nanoscale sciences and technologies, particularly from the perspectives of consumer and environmental protection and occupational health and safety. By

This paper reveals that Australian workers are ‘donating’ more than their annual leave entitlement back to their employers in the form of unpaid overtime. The typical full-time employee in Australia works 70 minutes of unpaid overtime a day. This equates to 33 eight-hour days per year, or six and a half standard working weeks. Something

Australian households are throwing out more than $5 billion worth of food each year, more than Australians spend on digital equipment, and more than it costs to run the Australian Army. In addition to the direct financial costs of this waste, the environmental impact associated with excessive greenhouse gas emissions and water use is substantial.

In its submission to the Do Not Call Register Statutory Review, The Australia Institute argues that the current system of regulating unwanted telemarketing calls needs to be overhauled in recognition of the continued nuisance caused by telemarketing. The Do Not Call Register should be extended to cover all unsolicited telemarketing calls, including those that are

Report analysing Australian tax treatments. The paper concludes with a number of suggestions for reform, principally: · eliminating the 50 per cent discount · incorporating all pre-1986 assets · deemed realisation of assets on death · including owner-occupied housing above a certain value.

Agricultural emissions are a significant source of Australia’s greenhouse gas emissions yet they will be excluded from the initial stage of the Rudd Government’s proposed CPRS, with a view to incorporating them from 2015. This paper examines Treasury’s modelling of the likely impact of the CPRS on the agricultural sector and finds it could be

Coal-fired power stations comprise the largest source of greenhouse gas emissions in Australia, accounting for 36 per cent of total emissions in 2008. Any determined effort to tackle what Prime Minister Rudd has referred to as the ‘moral challenge’ of climate change would presumably seek to reduce emissions from that source significantly. The proposed Carbon

Since 2005, the great majority of Australian workers have been able to choose their own superannuation fund. While some people have taken advantage of greater choice in super, for many people choice is actually a burden. Widespread lack of engagement with superannuation means that competition in this sector is structured around intermediaries (like financial advisers)

Examines the experience of Australian women during recent recessions in order to construct a framework within which the policy response to the current recession can be assessed and improved. The recessions of the early 1980s and the early 1990s are examined and compared with the brief experience so far of the present recession.