Finance, Banking, Monetary Systems

Our research explains and advocates why a sound financial and monetary system is critical for economic prosperity.



The Major Bank Levy: We’re all going to be hit
Michael Potter
19 June 2017 | RR29

The major bank levy was proposed in the 2017–18 Budget. The levy has numerous flaws including: The costs of the levy will likely be passed on as higher interest rates for mortgages and business loans, harming households and business investment which is very weak. The…

Principles and recommendations for tax reform - CIS submission National Reform Summit
Simon Cowan, Robert Carling, Henry Ergas
27 August 2015 | CIS Submission

The slant towards cutting taxes before 2010 was welcome, but for such an approach to return in the foreseeable future, the growth of government spending will have to be curbed and the size of government as a share of GDP reduced. Although tax reform may…

Submission to the National Commission of Audit
Alexander Philipatos, Jennifer Buckingham, Jeremy Sammut, Robert Carling, Simon Cowan, Stephen Kirchner, Trisha Jha
01 April 2014 | T30.08

The federal government’s Commission of Audit (CoA) was established in 2013 to review the performance and role of government. This publication is an edited version of the CIS submission to the CoA listing practical solutions aimed at cutting government expenditure. The government should adopt a…

TARGET30: Reducing the burden for future generations
David Murray, Maurice Newman, Simon Cowan
01 July 2013 | PF25

TARGET30 is a campaign promoting smaller government and cutting government spending to less than 30% of GDP in the next 10 years. This collection of speeches presented at the campaign’s launch focuses on ensuring that the crucial services Australians need are delivered efficiently and effectively…

Australia’s Future Fiscal Shock
Robert Carling
28 September 2012 | IA134

Australia’s Future Fiscal Shock. Robert Carling is a Senior Fellow at the Centre for Independent Studies.

Media & Commentary

Farm finance ripe for disruption
Charles Jacobs
06 July 2018 | Ideas@TheCentre

modern combine harvester working on a wheat crop The banking royal commission placed the spotlight on the tricky relationship between banks and farmers. As a result of their lending behaviour,…

It’s not just about distribution
Robert Carling
01 June 2018 | Ideas@TheCentre

It is difficult to find anyone in politics willing to make a case for income tax cuts for anyone considered a ‘high’ income earner. That would be understandable if no…

Superannuation reform score: maths 1, good intentions 0
Matthew O’Donnell
01 June 2018 | Ideas@TheCentre

The Productivity Commission wants to help Australians get a better return from superannuation, but unfortunately good intentions can’t trump basic maths. In its draft report Superannuation: Assessing Efficiency and Competitiveness,…

Personal responsibility, not regulation, will fix rogue banks
Simon Cowan
26 May 2018 | The Sydney Morning Herald

A clear narrative is emerging from the Banking Royal Commission that the banking industry’s only problem was that its unregulated ‘wild west’ culture allowed for misbehaviour. No blame should apparently…

Costello’s rare gift for lucidity
Eugenie Joseph
18 May 2018 | Ideas@TheCentre

An enthusiastic audience braved Monday’s morning chill this week for a CIS breakfast with former Federal Treasurer Peter Costello sharing his perspectives on the Budget in a lively conversation with…