As the world coal price continues to fall, politicians are asking themselves what the Australian economy will look like by the time the downturn bottoms out.
They needn’t look far.
Tasmania offers a clear road map for what happens to an economy when the price of a significant export commodity falls.
And, most recently, with news the Tasmanian Government is considering turning away private investment into tourism to provide yet another bailout to one of its worst-performing industries, it also offers a lesson in what not to do in response.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Stage 3 Better – Revenue Summit 2023
Presented to the Australia Institute’s Revenue Summit 2023, Greg Jericho’s address, “Stage 3 Better” outlines an exciting opportunity for the government to gain electoral ground and deliver better, fairer tax cuts for more Australians.
Richard Denniss: National Press Club Address
On Wednesday, 31 January 2024, Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms. **Check against delivery** [See below for transcripts] Tax is good. Tax is an investment in our society and the highest taxed countries in the world also happen to be the
Big names unite to protect Tasmania’s forests
Federal MPs, an Olympic champion and acclaimed authors are among dozens of high-profile names urging the Tasmanian government to end to native forest logging.