Regulation

Most people agree that some rules are necessary for markets to work. But what rules do we really need? And how can we make sure they do not become too much of a burden on businesses and consumers?

Publications

Industrial Relations in Australia: a Handbrake on Prosperity
John Slater
09 July 2017 | OP157

Since the defeat of the Howard Government, industrial relations has come to be seen as the third rail of Australian politics. However, Australia faces a number of major demographic and technological challenges that require much more than piecemeal changes to penalty rates. In order to…

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…

Reforming Social Housing: financing and tenant autonomy
Michael Potter
27 April 2017 | RR25

Around 400,000 Australians live in social housing, which includes public and community housing. This sector is ripe for reform, with many public housing dwellings failing adequacy standards, numerous tenants are dissatisfied and live in housing that is too small or too large for their needs.…

Youth Unemployment in Australia
Patrick Carvalho
22 November 2015 | Research Report 7

This report looks at quantifying the rising youth unemployment problem, understanding its causes and proposing policy solutions. Youth employment has progressively taken a hit after the Global Financial Crisis, practically doubling since mid-2008. At an average rate of 13.5% in the past 12 months, the…

The Case for a New Australian Settlement: Ruminations of an Inveterate Economist
Wolfgang Kasper
26 June 2015 | OP141

Australia needs a cultural counter-revolution that appeals to the traditional Australian spirit of self-reliance and can-do optimism – a new ‘Australian settlement’ which goes beyond mere economic policy. It should be underpinned by agreed basic understandings across political and social divides: (i) ours is a…

Media & Commentary

Investors not to blame for rise in renters
Michael Potter
21 July 2017 | Ideas@TheCentre

The release of the latest Census figures has shown home ownership is down, and (unsurprisingly) investors are being blamed, particularly the negative gearing ‘tax concession’ for investors. Well not so…

Why the key arguments for Australia's new tax on the major banks don't stack up
Michael Potter
20 June 2017 | BUSINESS INSIDER

If you are looking for lessons in obfuscation, governments spoil you with choice. But an ideal example is the Major Bank Levy, currently before Parliament. The levy is forecast to…

CIS Research: Major Bank Levy will hit all Australians
Michael Potter
19 June 2017 | MEDIA RELEASE

The major bank levy will be another tax hit on all Australians, according to new research by the Centre for Independent Studies (CIS). “The bank levy will most likely result…

Ramshackle federalism lives on
Robert Carling
26 May 2017 | Ideas@TheCentre

The recent federal budget clearly marks a shift to higher spending and higher taxation; and a retreat from the Coalition government’s previous (at least rhetorical) emphasis on expenditure discipline rather…

The bank levy design means Australian taxpayers will carry even more risk for the banks
Michael Potter
24 May 2017 | Business Insider

We tell our kids not to play with fire; perhaps we should be warning our politicians too. They are far too keen on stoking fires that could turn into infernos.…