Productivity Commission chair Michael Brennan has urged the federal government not to abandon decades of fiscal restraint, warning the country at large is at risk of becoming too complacent around the generational costs of “ever-expanding debt and deficit”.
In a speech on Wednesday to CEDA, present PC boss Michael Brennan noted that “in Australia, the decade since 2010 – even excluding last year – has seen our slowest growth in GDP per capita of any decade in at least 60 years”.
People in NSW could pocket an extra $2000 a year and enjoy a better quality of life if the Berejiklian government agrees to remove a raft of regulatory roadblocks that are hampering growth in key sectors such as education, infrastructure and housing, a report has found.
It was revealed recently that when Washington first discussed the marine rotation in northern Australia, it proposed an annual rotation of 5000 marines; in effect, a Marine Amphibious Task Group. Instead, Australia began with extreme caution at a couple of hundred marines, building up slowly to 2000 a year.
Yet such US deployments make a huge, positive contribution to our own security.
“Whereas if you look at our efforts, I think the US and Australia share a view that vaccines should be aggressively distributed to the places that are most in need.”
‘’Any change … would be in full consultation with the Australian government’
WA’s booming iron ore industry contributed nearly one-fifth of total company tax paid across the whole of Australia last year — about $15 billion — keeping the nation on its feet in the face of a devastating pandemic.
Iron ore is Australia’s single largest commodity export and is forecast to earn Australia around A$700 billion over the six years to 2025-26. Iron ore supports 45,600 direct Australian jobs and is a major employer of Indigenous Australians.
“These changes will transform the NAIF to make it a more proactive investor in projects that will generate economic activity and job creation,”
“Putting Team Australia on the global critical minerals map will help attract the investment and technology necessary to meet the growing needs of global supply chains for critical and other minerals for high value products like batteries, solar cells and other innovative and early-stage technologies,” the MCA stated in March.
Santos has already devised a giant ‘‘carbon sink’’ scheme where it can offer energy operators the ability to strip out and bury carbon from their gas supplies at its Moomba hub in South Australia as the industry seeks to accelerate efforts to lower pollution from their fossil fuel operations.
“To underwrite it, you’re going to talk about billions because you need the comfort of that behind you. If we do this right, there’s no reason we can’t expand it into bushfire areas and flood areas.”
Western Australia has $108 billion worth of infrastructure projects in the pipeline — more than any other Australian State or Territory — as sky-high commodity prices fuel confidence and business investment.