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The Latest Breaking News from Australia Institute

Why are Australian households struggling as corporate profits soar?

Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets.

The New Daily

Morning Mail: inflation linked to company profits, Ukraine one year on, Australia reach T20 final

A thinktank dismisses the idea rising wages causes price spiral; Australia sends drones to Kyiv in show of support; women claim thrilling T20 semi win

The Guardian - AU

Profits have driven inflation while wages lag behind, argue economists

Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute.

ABC News

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‘An economic fairytale’: Australia’s inflation being driven by company profits and not wages, analysis finds

Australia Institute warns of a ‘profit price spiral’ and calls for shift in RBA and government narrative towards corporations

The Guardian - AU

AEMO warns of NSW power gaps within three years, calls for 'urgent' investment in grid

The state is set to bear the brunt of reliability gaps in Australia's biggest power system as mass coal-fired power exits hit.

ABC News

Growing disparity in life expectancy, health outcomes between Sydney, far western NSW report finds

Life expectancy, rates of suicide, and preventable deaths are all getting worse in remote parts of NSW according to research from The Australia Institute.

ABC News

'Alarm bells' as remote Australians live shorter lives

The Australia Institute's Unlucky Country report reveals the growing disparity in life expectancy between the city and the bush.

AAP

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Government receives strategic defence review – as it happened

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The Guardian - AU

Superannuation tax breaks will cost budget $52bn, almost matching Australia’s age pension

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’

The Guardian - AU

Graduates exposed: Why your HECS debt could be going up

It's time to think about the debt we set and forget. University graduates have just seen the largest debt indexation in 32 years.

Newcastle Herald

Australia Institute among dozens to oppose 40 million tonne open cut expansion of coal mine in NSW central west

The Australia Institute says allowing another 40 million tonnes of coal to be mined in the NSW central west does not stack up economically or environmentally.

ABC News

Australia’s coal exporters made windfall gain of $45bn last year, report estimates

Report by Australia Institute finds a windfall profits tax could collect almost all this money for public use

The Guardian - AU

Push to alleviate poverty of millions with rise in welfare rates after David Pocock’s win on review

We could populate a city bigger than Brisbane, Canberra and Hobart combined with the Australians who live in poverty.

The New Daily

Fkn Grim: A New Report Reveals How Much Cash The Average Aussie Is Owed For Unpaid Overtime

New research by The Australia Institute revealed the average worker clocks about $8,000 worth of unpaid overtime a year, or 4.3 hours a week.

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The Guardian - AU

‘Everyone’s against it’: the powerlines dispute in one of Victoria’s most marginal electorates

Proposed transmission lines to help meet renewable targets are slated to run through Ripon, held by just 15 votes in 2018

Crikey

Labor’s proposed safeguard mechanism to be wrecked by new carbon offsets, while existing offset problems remain

The government’s safeguard mechanism — one of Australia’s central climate change policies — has some major flaws.

The Guardian - AU

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

ABC News

Report shows growing number of Australians believe climate change effects already being felt

Over the past 15 years, Australians have weathered myriad natural disasters, including catastrophic bushfires, droughts and floods. A new report shows attitudes to the threats posed by climate change have shifted.

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The Guardian - AU

Majority of Australians back taxing fossil fuel companies’ super profits, survey shows

Research comes as treasurer acknowledges ‘an appetite in the community’ to strengthen petroleum resource rent tax

The New Daily

Floods and fires make climate change a top worry for most people, report finds

A majority of Australians are worried about climate change, according to the latest Climate of the Nation report.

The New Daily

Australia Institute: Gas tax could cover energy transition costs

A windfall profits tax levied on the export gas industry could pay for the government's $20 billion commitment to the energy transition.

Crikey

Why Labor must ditch carbon credits for climate credibility

At the heart of the government’s climate efforts is the Australian carbon credit unit system. And it’s badly broken.

ABC News

Gas windfall profits tax could raise upwards of $20 billion, argues Australia Institute

A tax on the windfall profits generated by Australia's gas export industry due to soaring energy prices could raise more than $20 billion in a year, a new report from the Australia Institute argues.

AAP

Gas windfall 'war profits' surge to $40b

Gas producers face pressure to share their profits with taxpayers to help households and businesses pay bills, but it's been ruled out for next week's budget.

The Guardian - AU

Albanese government urged to adopt windfall profits tax after LNG exporters’ $40bn bonanza

Australia Institute says the tax would be a responsible way for Australians to receive a fair return for exploitation of gas resources

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