Tag Archives: treasury

Ipswich will play important role in eventual recovery of Qld building industry

Posted on July 15, 2013 by Gene Tunny

With Springfield continuing to grow and a new master-planned community being developed at Ripley Valley, Ipswich will play an important role in the eventual recovery of Queensland’s building industry from its current weak condition. Indeed, residential land data published today … Continue reading →

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Queensland regional unemployment maps, May 2013

Posted on June 21, 2013 by Gene Tunny

I’ve prepared some maps based on the ABS regional unemployment rate data released yesterday. I’ve taken the numbers from Queensland Treasury’s briefing on the data, which presents 12-month moving averages of the ABS data to smooth out the high degree … Continue reading →

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Odd that Treasury is proposing barrier to entry for financial advisers

Posted on June 17, 2013 by Gene Tunny

My former colleagues at the Commonwealth Treasury can generally be relied upon to defend the free market, but occasionally they fail to do so, as appears to be the case with new legislation relating to financial planners reported on by … Continue reading →

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Brisbane ABC radio interview from this morning – why is budget forecasting so difficult?

Posted on May 31, 2013 by Gene Tunny

Steve Austin of 612 ABC Brisbane asked me an interesting question this morning: why is budget forecasting so difficult for Treasury departments? You can listen to my answer at this link: The Upcoming Budget For further information on the challenges … Continue reading →

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More signs of slowing growth in resources sector – bad news for Qld budget

Posted on May 13, 2013 by Gene Tunny

Queensland Treasury already made a big downward revision of $1.4 billion over four years in mining royalties in the 2012-13 Mid-Year Fiscal and Economic Review last December, and it may need to shave some more off given the bad news … Continue reading →

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Big box stores like Costco essential if we’re to close retail productivity gap with US

Posted on April 30, 2013 by Gene Tunny

I was pleased to see the Deputy Premier used his special powers to approve the big box Costco store at North Lakes in Brisbane, avoiding a potential legal dispute that could delay the development (see the AAP report Costco is … Continue reading →

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Was Maxine McKew asleep during the Rudd Government?

Posted on October 27, 2012 by Gene Tunny

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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MYEFO mystery – weird negative contingency reserve continues

Posted on October 22, 2012 by Gene Tunny

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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Direction for directors

Posted on October 14, 2012 by Gene Tunny

University of Queensland Emeritus Professor Geoff Kiel gave a great speech at the Australian Institute of Management at Spring Hill, Brisbane on Thursday night, launching the new book Directors at Work, which he co-authored with three of his colleagues (one … Continue reading →

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