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In Indonesia, motorists quickly line up in the petrol station before subsidised fuel price go up. EPA/BIMO SATRIO

Priming for Indonesia’s fuel subsidy cut

Discounts for fuel in Indonesia have been hurting Southeast Asia’s largest economy. Set to inherit an account deficit when he takes office in late October, newly elected president Joko Widodo has pushed…
When big business misuses its market power, proving it can prove a challenge. Riccardo Cuppini/Flickr

Big business, market power and why we need more test cases

In advocating greater competition, less regulation and reduced red tape, the Harper Committee’s 300 page draft review of competition policy largely colours between the lines of its extremely broad terms…
Some price signalling can help consumers. Aaron Amat/Shutterstock

Why it’s time to scrap price signalling laws

Among the 52 recommendations contained in the draft report on Competition Policy from economist Ian Harper, is a suggestion price signalling laws established in 2011 be repealed. These laws currently make…
Australia is striving to lead the G20 growth target - but the truth is the reform needed is hard and painful. Dave Hunt/AAP

Little appetite for painful reform needed to hit G20 growth target

In 2000 in Lisbon the European Union countries met and agreed on the “Lisbon Agenda”. Europe was already lagging in terms of growth and jobs, and it was hoped that the Agenda would “deliver stronger, lasting…
Professor Ian Harper, chair of the competition review, has surprised some with the review panel’s recommendations. Julian Smith/AAP

Harper competition review seeks widespread change: experts react

Restrictions on retail trading hours, taxis, pharmacies and parallel imports should be lifted according to a far-reaching draft report by the Competition Policy Review. Professor Ian Harper’s new report…
With banks pulling back on lending to small business, the sector has had to look elsewhere for funding. Shutterstock

Small business feeling the lending crunch – and three ways to help

Since the global financial crisis, credit growth in Australia has returned. But while growth in home lending between 2008 and 2014 was relatively strong (0.49% per month), it was actually negative for…
Consumers are faced with myriad choices when they come to buy a car. Shutterstock

Small, not big data key to working out what consumers want

Corporations everywhere are hoovering up petabytes of data in a bid to understand and predict consumer preferences. But what if they’re missing the point, and should instead focus on “small data”? In a…
It’s worth contemplating what’s really driving Australia’s unemployment rate. Metro Centric/Flickr

Don’t believe the unemployment rate? Here’s what’s happening

The unemployment rate is one of the most closely followed macroeconomic indicators. Of importance in its own right, it tells us about the level of spare capacity in the economy and provides information…
Punching above its weight? The Aussie dollar has captured the attention of Australians and international investors alike. Rebecca Le May/AAP.

Key events in the tumultuous life of the floated Aussie dollar

To navigate the timeline below, hover your mouse on the right (and on the left to move back). Further reading The float Australia had to have? Intervene or wait? The RBA faces a tricky path to a lower…
The Finance Ministers meeting in Cairns is a chance for Treasurer Joe Hockey to show leadership on OECD-recommended tax reform. Dan Himbrechts/AAP

G20 host Australia faces hard truths of multinational profit shifting

The G20 Finance Ministers have the opportunity this weekend to endorse the initial recommendations of the OECD on how to address the global problem of multinational tax avoidance. The work of the OECD…
Proponents of increasing the GST ignore its implications for equality. Image sourced from www.shutterstock.com

Renewing federalism: increasing the GST will increase inequality

The reform of Australia’s federation is under review. In this special series, we ask leading Australian academics to begin a debate on renewing federalism, from tax reform to the broader issues of democracy…
All eyes are on tomorrow’s Scottish independence vote, currency traders among them. Adrian Clark/Flickr

What a Scottish ‘yes’ vote would mean for Australian markets

A “yes” vote to Scottish independence on September 18 would mean a great many things for Scotland, and also for England. But what would it mean for Australian business and financial markets? It’s tempting…
States must be able to lessen their reliance from the much larger Commonwealth. AndreaDanti/Shutterstock

Taxation, the states, and redrawing our fiscal constitution

The reform of Australia’s federation is under review. In this special series, we ask leading Australian academics to begin a debate on renewing federalism, from tax reform to the broader issues of democracy…
If women knew how much more their male colleagues were being paid we might have a better chance of closing the gap. Shutterstock

To close the gender pay gap we need to end pay secrecy

Women in full-time work take home A$283.20 per week less than their male counterparts, according to the Workplace Gender Equality Agency, which puts the gender pay gap at 18.2%. Put another way, Australian…
Social justice campaigner, Bernie Banton, was widely recognised as the face of the legal campaign against James Hardie. Paul Miller/AAP

Explainer: why the James Hardie asbestos victim compensation fund is running out of money

After a week of media speculation on the issue, building materials company James Hardie yesterday confirmed the fund for compensating asbestos victims could run short of money as soon as 2017. Generally…
Remember when the airline seat with extra leg room was free? Shutterstock

Why ‘free’ will eventually cost you

Remember the days when free really was free? When reading a news article to the end didn’t mean having to get over, around or through a paywall. Or when loyalty schemes actually rewarded loyalty with decent…
Delaying the super guarantee increase will have widespread repercussions. Shutterstock

Putting a real cost on delaying the super guarantee rise

The Abbott government’s deal with the Palmer United Party to freeze the minimum superannuation contribution rate at 9.5% until 2021 will not only cost retirees, it will also see future governments forced…
When African nations can effectively curb tax evasion, they may also be able to fight their major health problems. AAP/EPA/AHMED JALLANZO

How tax inspectors could prevent the next Ebola outbreak

Much has been written about the poor public health and clinical capacity to respond to the Ebola outbreak in West Africa. Inadequate medical and nursing staff resources, inadequate isolation wards, inadequate…
Almost anything can be labelled ‘innovation’ - invention is a little harder. Shutterstock

What if we had a ‘National Invention System’?

Australia’s Senate Economics Committee is currently undergoing a review of the National Innovation System in light of the “challenges to Australian industries and jobs posed by increasing global competition…
Feeling guilty about your frequent flying? It may not be all about you… Image sourced from www.shutterstock.com

Three ways to feel less guilty about frequent flying

If you are worried about the impact of your flying on climate change but keep flying anyway, you might be addicted. At least, this is the finding of recent research from the universities of Bournemouth…
With 457 visa reform, the Coalition is retracing old and risk-laden territory. Stefan Postles/AAP

457 visa reformers should remember our shady skilled migration history

Temporary labour migration in Australia is a highly vexed issue. On the one hand those advocating a rethink of the 457 visa are accused of “turning away skilled, net-contributors to the Australian project…