O75 Public Administration

Economists warning over Greens’ demands over tax, spending agenda

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Original article by Matthew Benns
Herald Sun – Page: Online : 1-Apr-25

The independent Parliamentary Budget Office’s analysis suggests that the Greens’ policy demands in return for supporting a minority Labor government would cost about $110bn. Amongst other things, the Greens want to expand Medicare to include dental services, which would cost an estimated $46bn over four years. The Greens propose to finance its policies via a 40 per cent tax on the excessive profits of large companies and by increasing the tax rate of 150 billionaires. EQ Economics’ MD Warren Hogan says large companies and billionaires would simply take their money – and jobs – offshore.

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AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, EQ ECONOMICS

Australia should persist with AUKUS despite risk of US relationship ‘becoming unstuck’, former defence department secretary says

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Original article by Ben Doherty
The Guardian Australia – Page: Online : 1-Apr-25

Dennis Richardson has told a Security and Sovereignty conference organised by former prime minister Malcolm Turnbull that Australia should stick with the $368 billion AUKUS submarine deal. Richardson, who is a former secretary of both the defence and foreign affairs departments, says this is despite the US becoming a "less reliable and a more demanding ally" under Donald Trump’s second administration. He said that acquiring nuclear submarines was in Australia’s national interest, while Turnbull told the conference that Australia’s relationship with the US had been "irrevocably altered" by the new Trump administration.

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Albanese says federal EPA will not be same model as earlier one he promised but didn’t deliver

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Original article by Dan Jervis-Bardy
The Guardian Australia – Page: Online : 1-Apr-25

Labor recently indicated that it will press ahead with plans to establish a federal environmental protection agency if it wins the election on 3 May. A federal EPA was part of Labor’s platform for the 2022 election, but the policy was shelved earlier in 2025 amid a pushback in Western Australia. Prime Minister Anthony Albanese has advised that Labor will adopt a new model for the proposed EPA. He adds that Labor will consult widely to ensure that it gets federal environment laws right. Meanwhile, shadow environment minister, Jonno Duniam has warned that a federal EPA would result in more green lawfare and regulation, while not guaranteeing any further protection for the environment.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Roy Morgan Poll: ALP maintains an election-winning lead, but no Budget Bounce for Albanese Government: ALP 53% cf. L-NP 47%

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-Apr-25

If a Federal Election were held now the ALP would be returned to Government with an increased majority with the ALP on 53% (unchanged from a week ago) ahead of the L-NP Coalition on 47% (unchanged) on a two-party preferred basis, the latest Roy Morgan survey finds. The Roy Morgan Government Confidence Rating was virtually unchanged at 80.5 with only 32% (down 0.5%) of Australians saying the country is ‘going in the right direction’, compared to 51.5% (down 1%) that say the country is ‘going in the wrong direction’. This week primary support for both major parties decreased with the Coalition down 0.5% to 35% and the ALP down 1.5% to 32% after the Albanese Government delivered its pre-election Federal Budget, Opposition Leader Peter Dutton delivered the Opposition’s response, and the Federal Election was called. Support for the Greens increased 0.5% to 13% and support for One Nation was up 1.5% to 5.5%. Support for Other Parties dropped 0.5% to 4% and support for Independents was up 0.5% to 10.5%

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ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

Albanese government unwilling to buy its way out of Trump tariffs

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Original article by Tom Crowley, Alison Xiao
abc.net.au – Page: Online : 1-Apr-25

Trade Minister Don Farrell says the federal government is prepared for ”any outcome" when the Trump administration announces details of its reciprocal tariffs regime. Farrell adds that the government will always stand up for Australia and will never ‘trade away’ the things that make it "the best country in the world". Australia’s trade negotiators will not offer any concessions to secure a deal on tariffs, and will continue to push the case for an exemption on grounds such as the fact that US has a long-standing trade surplus with Australia. President Donald Trump has rejected suggestions that the tariffs will target 10-15 countries that have the largest trade deficits with the US, stating that the tariffs will apply to all countries.

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AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Lawsuit risks loss of groundbreaking prostate cancer treatment

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Original article by
abc.net.au – Page: Online : 26-Mar-25

Swiss pharmaceutical company Novartis is taking cancer care provider GenesisCare to the Federal Court over GenesisCare’s use of a treatment for metastatic prostate cancer called Lutetium PSMA I&T, which has been approved by the Therapeutic Goods Adminstration. Novartis argues that Lutetium PSMA I&T infringes on the company’s patent for a similar product known as Pluvicto; if its action succeeds, it will reduce the treatment options for men suffering from metastatic prostate cancer. The lawsuit was discussed on ABC Radio National Breakfast by Professor Sze Ting Lee, who chair the Australasian Association of Nuclear Medicine Specialists Theranostics Committee.

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NOVARTIS AG, GENESIS CARE PTY LTD, AUSTRALIA. THERAPEUTIC GOODS ADMINISTRATION

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 84.2 in mid-March, with the biggest boost in Queensland

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-25

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 84.2 in the week to 23 March. The index was unchanged in New South Wales and Victoria, but it increased the most in Queensland following the return to normal after the devastating Cyclone Alfred earlier in the month. Consumer Confidence is now 1.1 points above the same week a year ago (83.1), although it is now 2.4 points below the 2025 weekly average of 86.6. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 49% (up 2ppts) say their families are ‘worse off’. Looking forward, 31% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, while 32% (down 1ppt) expect to be ‘worse off’. Now 8% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 32% (also unchanged) expect ‘bad times’. Meanwhile, 26% (up 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 43% (unchanged) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

ANZ-Roy Morgan Inflation Expectations increased to 4.9% in late March – up from 4.6% for the month of February

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-25

The weekly ANZ-Roy Morgan Inflation Expectations were 4.9% for the week of 17-23 March 2025; this is up 0.3% points from the month of February, following four straight weeks of increases. However, a look at monthly Inflation Expectations for February shows the measure at 4.6% for the month – a decrease of 0.4% points from January, and the lowest monthly Inflation Expectations since September 2021. Looking back over the last year, weekly Inflation Expectations have moved in a band of 4.2% to 5.3% since the start of 2024, and averaged 4.9%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,300 Australians aged 14+ per month over the last decade.

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ROY MORGAN LIMITED

Net migration to fall to 225,000

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Original article by Rhiannon Down
The Australian – Page: 5 : 26-Mar-25

The federal government’s budget papers show that net overseas migration is expected to fall over the forward estimates period. Net overseas migration peaked in 2022-23 following the re-opening of Australia’s international borders after the pandemic. The Treasury has forecast that annual net overseas migration will fall to 225,000 in 2026-27 and remain at a similar level in the following two financial years. The budget papers also reveal that managing unlawful non-citizens who were released from immigration detention in the wake of a High Court ruling will cost about $1.9bn in 2025-26.

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AUSTRALIA. DEPT OF THE TREASURY

Foreign buyers to be banned from purchasing existing homes

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Original article by Remy Varga
Herald Sun – Page: Online : 26-Mar-25

The budget papers show that the federal government will impose a two-year ban on foreigners buying established homes, with the policy slated to take effect from 1 April. The budget has allocated $5.7m for the Australian Taxation Office to enforce the ban, while the ATO will be given $8.9m to crack down on ‘land banking’ by foreign buyers. The government will also expand the Help to Buy shared equity scheme for home buyers, and provide eligible construction industry apprentices with grants of up to $10,000 as part of its strategy to address the skills shortage that is contributing to the housing crisis.

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AUSTRALIAN TAXATION OFFICE