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Four myths busted: Why we need a banking royal commission

POLITICS
Tens of thousands of Australians have had their lives ruined by the major banks. If there's no need for a Royal Commission because ASIC has greater powers, then why is the Turnbull Government wasting time and money on a parliamentary inquiry that has less power than both? Ian Verrender...
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ANZ set to scrap personal banking fees: ‘We make more than enough as it is’

POLITICS
ANZ bank will be scrapping all fees associated with personal banking accounts as of January 1 2017, CEO Shayne Elliot told staff and shareholders today. In an email sent earlier this morning and obtained by Forward News writers, Elliot admitted that the majority of costs associated with personal banking (such...
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The curious incentives and consequences of negative gearing

POLITICS
Charis Palmer, The Conversation; Georgina Hall, The Conversation; Helen Westerman, The Conversation; Jenni Henderson, The Conversation, and Wes Mountain, The Conversation Negative gearing was one of the federal election campaign’s fiercest battlegrounds. While the Labor opposition claimed that the major beneficiaries of the tax policy were almost all in the very...
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Horton wins by naming the elephant in the room at Rio Olympics

POLITICS
Craig Fry, Victoria University He may not realise it yet, but Australian swimmer Mack Horton’s biggest achievement at the Rio Olympics this week wasn’t winning the 400m freestyle gold medal. It was the stance he took against doping, in reference to Chinese rival Sun Yang, by saying he had no...
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Land of the ‘fair go’ no more: wealth in Australia is becoming more unequal

POLITICS
Christopher Sheil, UNSW Australia and Frank Stilwell, University of Sydney Australians often pride themselves on living in the land of the “fair go”. However, the available evidence shows the distribution of wealth in this country is no more egalitarian than the average for the OECD countries. In fact, depending on how...
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Turnbull’s economic plan will divide both the Senate and business lobby groups

POLITICS
Lindy Edwards, UNSW Australia As Prime Minister Malcolm Turnbull turns to the task of governing Australia he faces a devilishly difficult line up of interests and lobby groups to implement even his very modest “economic plan”. Some policies split the traditional supporters of the Coalition, while others will put the government...
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Where to now for Australian culture?

EMPORIUM
David Pledger, RMIT University For almost two weeks, we have been living the Rumsfeld Paradox, a dizzy concoction of “known knowns”, “known unknowns” and “unknown unknowns”. And we’re not finished yet. Given the unknown nature of the Coalition Government’s operation under post-election conditions, it is difficult to know what the actual...
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The Coalition must switch to a budget for all Australians

POLITICS
Maybe those who complain about a boring election campaign are condemned to an exciting election finish. Many in the establishment – particularly the business establishment – have convinced themselves the country is off to hell in a handcart, but it doesn't have to be like that. The nation won't be ungovernable...
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Coalition scrapes through but Turnbull needs to alter course

POLITICS
Coalition scrapes through but Turnbull needs to alter course Nicholas Barry, La Trobe University The Coalition has – finally – fallen over the line and will form government following the 2016 election, though it is still unclear whether it has secured a majority in its own right. The challenges Prime Minister Malcolm...
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Understanding the NDIS: how does the scheme work and am I eligible for funding?

BUSINESS
Carmel Laragy, RMIT University On July 1 2016, the National Disability Insurance Scheme (NDIS) moved from a trial phase to a full national roll-out. In this series on Understanding the NDIS, we explore how the scheme works, why Australia needs it and the issues to be addressed before eligible Australians,...
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