Monthly Archives: October 2012

Building industry recovery looking more likely – more evidence last RBA rate cut unnecessary

Today’s new ABS building approvals data have generated much excitement at the prospect of a building industry recovery, although Queensland’s increase in September was much lower than NSW’s. The Housing Industry Association notes in a media release today that: “Today’s … Continue reading

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Queensland leads Australia on obesity

Given the high costs of obesity on the health system, today’s new Australian Health Survey data for 2011-12 from the ABS should be concerning to the Queensland Government, with Queensland leading Australia in obesity (a Body Mass Index of 30 … Continue reading

Posted in Health | Tagged , | 4 Comments

Was Maxine McKew asleep during the Rudd Government?

Maxine McKew was a great journalist, but her time in politics has been marked by naivety and hero worship for Kevin Rudd, against all the objective facts. As a Treasury official during the first eighteen months of the Government I … Continue reading

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Interesting links this week

Pete Faulkner warns against over-analysing the recent CPI data that surprised on the up-side: An attempt to dismiss Q3 CPI James Falk cites a previous post of mine in his piece on Analysis serving ideology Seth Godin has a brilliant … Continue reading

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Pre-mixed concrete production remains well below pre-GFC high

The Cement, Concrete and Aggregates Australia (CCAA) industry body has a nice summary of the importance of concrete in our lives on its website: The heavy construction materials industry produces concrete and its constituent parts – sand, aggregate and cement … Continue reading

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Company tax timing trick is costly for business

Sinclair Davidson has a great article at the Conversation explaining the implications of requiring companies to pay company tax monthly rather than quarterly (Timing is everything), a measure announced in yesterday’s Mid-Year Economic and Fiscal Outlook (MYEFO). Highlights include: The … Continue reading

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MYEFO mystery – weird negative contingency reserve continues

I share the skepticism of many commentators about the budget forecasts in today’s Mid-Year Economic and Fiscal Outlook (MYEFO). Certainly the revenue grab from increasing the frequency of company tax payments seems tricky, and I wonder if it really will … Continue reading

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Govt Actuary finds insurers struggling to understand catastrophe risk

North Queensland apartment owners will have to put up with the massive insurance premium increases (e.g. more than 300%) they have experienced in recent years after an Australian Government Actuary report concluded the premium increases most likely reflected the market … Continue reading

Posted in Cairns, Climate change, Cyclones, North Queensland | Tagged , , , , | 3 Comments

Stop Not Till the Goal is Reached

The developer of Springfield, Maha Sinnathamby, thinks like a winner. No matter what difficulties life throws at him – the collapse of his first property empire or the near collapse of his second, Springfield – he faces each challenge with … Continue reading

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Skilling Queenslanders for Work probably less effective than claimed

After reading the Deloitte Access Economics report on the Skilling Queenslanders for Work (SQW) program, I have significant doubts about whether the program generated the large benefits claimed. Earlier today, the Brisbane Times reported (Jobseeker program axed, then praised): Queensland’s … Continue reading

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