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Eight charts on our growing tax problem: what abandoning tax reform means for taxpayers

POLITICS
Eight charts on our growing tax problem: what abandoning tax reform means for taxpayers Rebecca Cassells, Curtin University and Alan Duncan, Curtin University As we move closer to Treasurer Scott Morrison’s third budget, what we do know is this - Australia has a revenue problem. A more global and digital economy;...
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Budget explainer: the structural deficit and what it means

POLITICS
The ageing of Australia contributes to its structural deficit. Flickr/Jonas Boni, CC BY Sarantis Tsiaplias, University of Melbourne In the lead-up to the federal budget there is the inevitable attention given to government spending and debt. But one of the increasingly pressing problems that Australia faces gets a lot less attention than...
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A cheat sheet for reading the federal budget

POLITICS
The budget papers aren’t so scary, if you know how to read them. Lukas Coch/AAP Phil Lewis, University of Canberra and Anne Garnett, Murdoch University The federal budget rolls around, usually on the second week of May, every year. Last year there was over 600 pages of budget papers, pored over by...
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How Australia’s mysterious ‘fifth bank’ has dodged the royal commission

POLITICS
While the banking royal commission battles on, exposing scandal after scandal so serious it looks as though the sector’s reputation will be in tatters for a generation, one bank has somehow managed to completely avoid the limelight. That bank is the ever-elusive Macquarie Group, often regarded as the fifth pillar in Australia’s banking...
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The 2018 Archibald, Sulman and Wynne prizes show a changing of the guard

EMPORIUM
Detail from Tom Polo. ‘I once thought I’d do anything for you. (Joan)’ acrylic on canvas 152.5 x 101.5cm © the artist Photo: AGNSW, Felicity Jenkins Joanna Mendelssohn, UNSW The Archibald Prize, which is in the process of being judged at the Art Gallery of New South Wales, has always been more about social history than...
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After damning the Commonwealth Bank’s management, regulators want the bank to fix itself

BUSINESS
Helen Bird, Swinburne University of Technology A report on the Commonwealth Bank’s governance, culture and accountability has stripped away the bank’s delusion that it is well run and a model of good governance. The report by the Australian Prudential Regulation Authority (APRA) is a damning indictment of every aspect of CBA...
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Company boards are stacked with friends of friends so how can we expect change?

POLITICS
Sherene Smith, RMIT University Social connections drive board appointments and more than two-thirds of directors in the 200 largest public companies are on the board of multiple companies. So whoever replaces ex-AMP chairwoman Catherine Brenner will likely be drawn from a small pool of people. Brenner resigned after the Financial Services...
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Private health insurance premium increases explained in 14 charts

FUA AWARDS
Health Insurance - Rivers of Gold The Private Health Insurance Ombudsman revealed complaints about the industry had increased by 30 per cent in the last financial year, the worst rise in a decade. Private health insurance premium increases explained in 14 charts Australians are spending a larger proportion of their income on health insurance...
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Do you really need private health insurance? Here’s what you need to know before deciding

POLITICS
Every year at the end of March and early in April, the 11 million Australians who have private health insurance receive notification that premiums are increasing. Do you really need private health insurance? Here's what you need to know before deciding Some people choose private health insurance for shorter wait times. l...
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Tim Storer – the $35 billion dollar man

POLITICS
Grattan on Friday: Tim Storer – the $35 billion dollar man Michelle Grattan, University of Canberra Put yourself in the shoes of Tim Storer. The accidental senator from South Australia has one hell of a decision to make shortly after the May budget, when the government plans to bring back its...
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