While the Commonwealth will receive a windfall of more than $10 billion per year in revenue from auctioning pollution permits, state and local governments will transfer more than $2 billion a year to the Commonwealth Government. In addition, the states will be liable for tens of billions of dollars-worth of expenditure associated with adapting to

The perception of most Australians is that the mining boom delivered unambiguous benefits for the Australian economy, including more jobs, exports, tax revenues and, for the majority of people, higher incomes. But was this the case? This paper looks more closely at the extent to which Australians have, in fact, benefitted from the boom, which

The goal of sustainability has been a dangerous and destructive distraction for both citizens and policy makers concerned with the development of a society that protects our natural environment and promotes the wellbeing of our citizens. This paper argues that the goal of sustainability needs to be abandoned in all but its broadest metaphorical sense.

Short-term capital gains have always been taxed as income in Australia but gains on assets held for more than a year were first taxed in 1986 under the Hawke/Keating tax reforms. Pre-1986 assets were exempted and housing was not included. Gains on post-1986 assets were taxed in full but indexation applied. The Howard/Costello Government abolished

In responding to the release of the recent Productivity Commission (PC) draft report into paid parental leave, Prime Minister Kevin Rudd stated: ‘This Australian Government believes the time has come to bite the bullet on this and we intend to do so’. He did not however commit to addressing the issue before the 2009 Federal

Superannuation tax concessions have long been a bone of contention for the welfare sector, which views them as redistributing scarce resources away from low-income earners towards the secure and privileged well-off. This has created a political battleground, with the welfare groups lining up against the super industry represented most notably by ASFA. Reform options are

The arguments for a higher Newstart Allowance or unemployment benefit include the fact that the unemployed have a low propensity to import and to save and are geographically distributed across the country. There is the added virtue of helping to address an increasing problem of horizontal equity, the notion that those in a similar financial

This Discussion Paper reviews the former Government’s ‘Choice of Fund’ policy and proposes a range of improvements to the way default superannuation funds are chosen.

Emissions trading will impose a ‘floor’ below which emissions cannot fall as well as a ‘cap’ above which emissions cannot rise. When the government has decided on an acceptable level of pollution, it will issue a corresponding number of pollution permits. If households use less energy and create less pollution, they will simply free up

This report argues that the Rudd Government should not include agriculture in the upcoming Emissions Trading Scheme because of the inherent difficulties in accurately measuring emissions from the agriculture sector. Instead, it outlines a number of alternative options for achieving agriculture emissions abatement.

Discusses the benefits of introducing a new tax threshold specifically aimed at very high income earners. It argues that the current top tax rate of 45 per cent, which applies to incomes of over $180,000 per year, is inadequate in a corporate environment where CEOs can be paid very large salaries indeed.

When the economy is slowing governments can stimulate economic activity by spending more money, thereby increasing the level of demand for goods and services. The Commonwealth Government could start injecting tens of millions of dollars into the economy each week simply by increasing the size of a payment such as the age pension.

Examines the treatment of capital expenses in the renewable energy sector with particular emphasis on the need to introduce accelerated depreciation provisions to help encourage new investment in alternative sources of power. Accelerated depreciation refers to the capacity for selected industries to claim bigger tax deductions for the cost of their investments in new equipment

The emission trading scheme will provide compensation for the price rise for final users. However such policies do not apply to state governments, local governments, the community sector, and the federal government. In total the ETS would cost these public sectors $3.5b annually. 

The Carbon Pollution Reduction Scheme (CPRS) places a $20 per tonne of CO2 price on carbon pollution. While the government advocates schemes to help businesses pay this increase, no such scheme has been passed onto the states and territories. The states and territories would pay a projected $1.5b, or 15,000 teaching, policing and nursing jobs.

Our submission supports a minimum of 26 weeks paid leave. This would be funded through a mix of employment related and government transfer payments to families. The government transfers would be available to working and non-working families while employment related entitlements would apply to working women and men.

This report investigates the increasing complexity of financial decisions. It finds that many Australians believe that financial investments and superannuation are too confusing. The paper surveys Australian attitudes to personal finance and makes several recommendations for government, industry and individuals.

There have been 12 successive years of interest rate rises, and a 12.5% rise from 2007-2008 in debt to banks, valued at $762b. This is practically bad with 18-27 years old that take out 1/3 of credit cards and account for 1/3 defaults. As private debt is now 156% of GDP majority of people believe that banks allowed

There is a widespread view that the middle class in Australia is doing it tough, that they are finding it increasingly difficult to maintain a decent standard of living and are suffering from mortgage stress. Indeed, some media reports have announced the end of the middle class dream. This paper tests a number of these

This report investigates how coastal shipping compares to the other major freight transport modes in terms of energy and emission intensity. It further considers the extent to which increasing shipping’s share of the domestic freight task could reduce Australia’s emissions.

In recent years, universities have been at the centre of a vigorous debate about the role of higher education in society. In particular, concerns have been raised about the effects of commercialisation of Australian universities on academic freedom and the quality of teaching. This paper explores the increasingly close relationships between Australian universities and the

A quarter of children ages 6-14 own phones, 1/3 of them pay for this phone with their own money. Children often buy phones for aesthetic reasons not for safety. Corporations have been trying to sell to children, and this has resulted in financial strain on them.