Research Papers

Five Reasons Why The Government Should Abandon The Bank Tax
25 May 2017

Five Reasons Why The Government Should Abandon The Bank Tax

The Government announced major changes to the banking sector in the 2017-18 Budget, including: • A tax of 0.06% on the liabilities of the four major banks plus Macquarie. • Forty per cent of a banking executive’s variable remuneration must be deferred for at least four years. • The Australian Prudential Regulatory Authority (APRA) will be given powers to require
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3 Reasons Why Westpac is Wrong on Coal
11 May 2017

3 Reasons Why Westpac is Wrong on Coal

Westpac’s new Climate Change Action Plan limits new thermal coal lending to existing basins and to projects with an energy content of at least 6,300kCal/kg23. If adopted by all financial institutions and applied to current projects, most of Australia’s current coal-fired power generators and energy coal export mines would need to bank overseas. Rather than setting artificial benchmarks that would damage
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Reducing Red Tape In Australia – One In Two Out Rule
4 May 2017

Reducing Red Tape In Australia – One In Two Out Rule

Red tape costs the Australian economy $176 billion, 11 per cent of GDP, each year in foregone economic output. Similarly, in the US red tape is estimated to cost $2 trillion annually, or 12 per cent of GDP.1 On 30 January 2017, the Trump Administration released the Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs. The Order announced
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The Growth Of Federal Environmental Law 1971 To 2016
30 April 2017

The Growth Of Federal Environmental Law 1971 To 2016

Red tape costs the Australian economy at least $176 billion, or 11 per cent of GDP, each year in foregone economic output. Environmental red tape and regulation in particular has grown significantly in recent decades. This report provides an objective measure of the growth of federal environmental legislation since the creation of the first Commonwealth environmental department in 1971. The
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Criminal Justice Reform – Lessons From The United States
28 April 2017

Criminal Justice Reform – Lessons From The United States

Criminal justice reform first principles • Criminal justice reform in the United States has slowed the rate of growth of incarceration, reduced recidivism, and saving money. • The reform agenda has had bipartisan input and support, with reforms being implemented in many cases with Republican leadership. • The principles of successful criminal justice reform: » Community safety is paramount, and
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Abolish The Australian Communications And Media Authority
7 April 2017

Abolish The Australian Communications And Media Authority

The Australia Communications and Media Authority (ACMA) should be abolished. 1. The ACMA is a threat to free speech. 2. The ACMA’s functions are redundant. 3. The ACMA imposes costs on the Australian economy. The IPA recommended abolishing the ACMA in Be like Gough: 75 radical ideas to transform Australia.   Download the full report here
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Business Investment In Australia Now Lower Than Under Whitlam
8 March 2017

Business Investment In Australia Now Lower Than Under Whitlam

Business investment in Australia is 12.2% of GDP and is forecast to fall to a record low nine per cent of GDP by 2020, according to Macquarie Research. During the Whitlam era of economic crisis business investment averaged 13.7% of GDP. Download the full report here
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Legal Rights Audit 2016
24 February 2017

Legal Rights Audit 2016

This report illustrates the ongoing erosion of legal rights that persists in Australia. This has been measured by an analysis of the content of all legislation passed by the federal parliament in 2016. Our research is an audit of Commonwealth legislation passed in 2016, building on research the Institute of Public Affairs began in 2014.1 The IPA’s 2014 report The
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5 Reasons To Abolish The RET
10 February 2017

5 Reasons To Abolish The RET

The Renewable Energy Target (RET) mandates that 33,000 GWh of electricity – 24 per cent – be generated from renewable sources by 2020. To do this, wholesale energy users, mostly retailers, are required to purchase a certain amount of wholesale energy from renewable sources. Because renewables are typically costlier and less efficient than non-renewables, the RET causes energy prices to
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The Impact of the Prohibitive Cost of Building in Victoria
3 February 2017

The Impact of the Prohibitive Cost of Building in Victoria

On Wednesday 30 November 2016, the Australian Senate passed the Building and Construction Industry (Improving Productivity) Bill. The main object of the Bill is to: “…provide an improved workplace relations framework for building work to ensure that building work is carried out fairly, efficiently and productively, for the benefit of all building industry participants and for the benefit of the
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