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We need to change more than pay for executives to do better

POLITICS
Natalia Nikolova, University of Technology Sydney; Robyn Johns, University of Technology Sydney, and Walter Jarvis, EdD, University of Technology Sydney The pay of executives of a company, whether in salary, bonuses or other types of remuneration, is usually justified as an incentive to improve the financial performance of a company....
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A history of failed reform: why Australia needs a banking royal commission

POLITICS
Thomas Clarke, University of Technology SydneyThe move for an inquiry into how banks treat small business customers should not overshadow the ongoing call for a broader royal commission on banks. Several financial inquries (outlined below) have failed to tackle the growing concentration in the Australian finance sector, or the need...
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Sam Dastyari: Riding the red dragon express not a good look

PHOTOGRAPHY
The federal parliament is the most important in Australia. It's also more open to corruption than any State parliament. Icac recommends criminal charges against Joe Tripodi and Chris Hartcher The NSW Labor senator Sam Dastyari won a lot of attention this week with the news that he'd asked a Chinese company...
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Better regulation of all political finance would help control foreign donations

POLITICS
Better regulation of all political finance would help control foreign donations Joo-Cheong Tham, University of Melbourne There is growing controversy surrounding foreign political donations in Australia. Contributions made by Chinese companies to the major parties have received the most attention, recently through reports of donations made by the Yuhu Group and...
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The least-skilled workers are the losers in globalisation

POLITICS
The least-skilled workers are the losers in globalisation Jeff Borland, University of MelbourneMost experts say globalisation spreads wealth, bringing people out of poverty and nations closer together. But right now some politicians and their supporters are arguing it simply increases inequality. What’s really going on? Our Globalisation backlash series offers...
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Target the have-nots: Liberals up to the same old tricks

POLITICS
A retired bank CEO with $10 million in his super pays zero tax each year. Nada. Zip. He wouldn't even pay the Medicare levy. But I suspect that when Treasurer Scott Morrison talks about the "taxed and the taxed nots' he wasn't thinking about rich retired leaners. He probably...
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A super test for Australia’s political system

POLITICS
John Daley, Grattan Institute and Brendan Coates, Grattan InstituteIn the past week, both major parties have made welcome, albeit tentative, commitments to tackle much-needed budget repair. The Turnbull government has moved quickly to lock in budget savings that Labor supported in the federal election campaign. Now Labor has signalled...
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The price of victory: comparing the cost of Olympic gold to an elite arts prize

OPINION
Jason Potts, RMIT University; Patrik Wikström, Queensland University of Technology, and Stuart Cunningham, Queensland University of Technology The Olympics are over now for another four years, and beyond the glorious highs and heartbreaking lows of participants and spectators, there’s the ritual of the cost-benefit wash-up where we calculate the public...
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Are Sunday penalty rates a job killer? A real-world experiment refutes employers’ claim

POLITICS
Serena Yu, University of Technology Sydney and David Peetz, Griffith University Two big claims underpin attempts to cut penalty rates for Sunday workers in the retail and hospitality sectors: that they are no longer needed or relevant, and that they cost jobs. These claims are at the centre of a review...
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The electorate has spoken, but Turnbull’s speech shows he hasn’t listened

POLITICS
Saul Eslake, University of Tasmania Prime Minister Malcolm Turnbull’s first major economic address since the July 2 federal election was, in most respects, the kind of speech one might have expected from a leader who had won with a comfortable margin. He sounded like a prime minister whose campaign agenda had...
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