Australian banks should pass on the full cut in the interest rate to their customers. The Reserve Bank is trying to stimulate the economy, not the profits of Australia's big banks.
Why we measure stock market performance daily, but don't measure what really counts.
The record profits of Australia's big banks despite the 'crisis'.
The real reasons behind Australia's doctor shortage.
The Government's review of Australia's tax system: are we paying enough?
Richard Denniss explains how an emissions trading scheme works; Josh Fear looks at financial choices; Gemma Edgar explores the possibility of a national compact between the government and NGOs and David Richardson writes about the problems of hidden unemployment.
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.
Australia's love affair with easy credit has turned on itself. The price of credit has reached its highest point in 14 years, and home buyers are feeling the economic pain associated with higher interest rates. The corporate sector has tended to blame individuals for taking on more debt than they can handle, drawing on the doctrine of "personal responsibility" to absolve itself of any culpability. One way to redress the "information asymmetry" between consumers and corporations is to introduce new rules covering what information needs to be displayed prominently on monthly credit card statements.
As many as 20,000 full-time jobs could be created for just $1 billion according to a submission by The Australia Institute to the Senate inquiry into the Government's proposed stimulus package. For $42 billion the government is only expecting to sustain 90,000 jobs over two years, which is $233,000 per job per year. At just $50,000 per full-time job, the Institute's plan to subsidise jobs in the community sector is five times more effective at creating jobs than the government's focus on stimulating consumer spending.
High income earners are using low-cost private health insurance products to avoid the Medicare Levy Surcharge according to a report released today by the Australia Institute.
The Institute's analysis uses unpublished ABS data to estimate that the practice is costing Australian taxpayers $230 million a year in lost revenue.
The findings are made in Using cheap private health insurance to avoid the Medicare Levy Surcharge: What is the cost to taxpayers?, by the Institute's Deputy Director, Andrew Macintosh.
The report analyses the extent to which registered health funds are offering cheap policies to enable people to avoid the surcharge.