Category Archives: Uncategorized

Qld second biggest winner from GST redistribution

Posted on April 11, 2016 by Gene Tunny

Queensland is the second biggest winner from the carve up of GST revenue that is dictated by the Commonwealth Grants Commission. In 2016-17, Queensland is to receive $2.1 billion more than we would if the GST revenue, which is collected … Continue reading →

Posted in Budget, Queensland Government, Uncategorized | Tagged , , , , , , , | 2 Comments

Extra GST revenue welcome, but Qld still faces big fiscal challenges

Posted on April 10, 2016 by Gene Tunny

The Queensland Government must be pleased the Commonwealth Grants Commission (CGC) has recommended it receive an additional $520 million above what it might have expected from the GST revenue carve up for 2016-17 (see 2016 Update Report). The gain to … Continue reading →

Posted in Budget, Infrastructure, Uncategorized | Tagged , , , , , , , | Leave a comment

On Cross River Rail, Government appears confused over meaning of “business case”

Posted on April 7, 2016 by Gene Tunny

In today’s media release on the Brisbane Cross River Rail project, The Queensland Government appears confused about the meaning of the term “business case.” It risks committing the same error that governments (present and past) across Australia have committed when … Continue reading →

Posted in Transport, Uncategorized | Tagged , , , , , , | 6 Comments

Qld small businesses not as optimistic as those in NSW and Victoria

Posted on April 7, 2016 by Gene Tunny

Queensland’s lacklustre economy is reflected in our small and medium businesses remaining less optimistic than those nationwide, particularly in NSW, Victoria, Tasmania and the ACT, according to the latest Sensis survey of small and medium businesses, those businesses with fewer … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , | 3 Comments

Economists and their models

Posted on April 5, 2016 by Gene Tunny

Across Brisbane at the moment there is a huge amount of residential construction activity, particularly of apartment towers. Our understanding of supply and demand suggests this will suppress the growth of unit prices in the near future, or in the … Continue reading →

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 2 Comments

Qld Jobs Growth Summit timely, but needs to be more than a talkfest

Posted on March 31, 2016 by Gene Tunny

Queensland’s under-performing economy was illustrated by job vacancies data for February released by the ABS today (see chart above). While vacancies have grown strongly over the last twelve months nationwide, especially in NSW and Victoria, they have remained flat in … Continue reading →

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 6 Comments

ABC radio interview on population growth & State income tax proposal

Posted on March 30, 2016 by Gene Tunny

I had an enjoyable chat with Steve Austin on 612 ABC Brisbane radio this morning regarding two topics, Queensland’s underwhelming population growth rate and the State income tax proposal from the Commonwealth Government: Fewer people moving interstate to Queensland The … Continue reading →

Posted in Migration, Population, Uncategorized | Tagged , , , , , , , , , , , , , , | 10 Comments

“Why economics matters” is the theme of ESA Qld Presidency of Prof. Flavio Menezes

Posted on March 30, 2016 by Gene Tunny

With an upcoming federal election that will feature a contest over tax policy, including negative gearing and whatever proposals the Government announces, Australians should brace themselves for an onslaught of economic arguments. The Government will argue the Opposition’s policy will … Continue reading →

Posted in Labour market, Social policy, Tax, Uncategorized | Tagged , , , , , , , , , , , | 2 Comments

Qld has fallen to 5th place in rate of population growth among States & Territories

Posted on March 25, 2016 by Gene Tunny

The end of the mining boom and broader economic sluggishness have no doubt contributed to Queensland falling to fifth place in terms of population growth among Australian States and Territories (see chart below based on ABS data released on Thursday). … Continue reading →

Posted in Migration, Population, Uncategorized | Tagged , , , , , , | 8 Comments

Is Apple avoiding tax and what should the tax office do about it? Upcoming seminar may have the answers

Posted on March 23, 2016 by Gene Tunny

Prof. Pascalis Raimondos, QUT Business School Earlier this year it was revealed that “Apple paid $85 million in Australian income tax last year, despite making almost $8 billion in local revenue”, as reported in the Sydney Morning Herald. It has … Continue reading →

Posted in Uncategorized | Leave a comment