AUSTRALIA – ECONOMIC POLICY

Tax review urgent, warns Hendy

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Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 16-Sep-14

The Australian Government has been urged to pursue a wide-ranging reform agenda. Liberal Party MP Peter Hendy has called for reforms to the tax industrial relations regimes. He argues that the domestic economy is vulnerable to a range of external shocks, particularly the uncertain outlook for the Chinese economy. He also says the Government should commence its review of the tax white paper immediately

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, RESERVE BANK OF AUSTRALIA, FINANCIAL INSTITUTIONS REMUNERATION GROUP INCORPORATED

Living standards set to fall

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Original article by Jacob Greber, Ben Potter
The Australian Financial Review – Page: 1 & 2 : 21-Jul-14

The Melbourne Economic Forum has warned of a sharp rise in the unemployment rate and a reduced standard of living if Australia fails to take action to increase productivity. Economic modelling by the forum suggests that the jobless rate will rise to 6.6 per cent late in 2015 without such reform. Victoria University’s Professor James Giesecke says that productivity will need to grow by 0.7 per cent each year simply to preserve the current standard of living

CORPORATES
MELBOURNE ECONOMIC FORUM, VICTORIA UNIVERSITY, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, UNIVERSITY OF MELBOURNE, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

Hockey sees progress on G20 growth target

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Original article by Laura Tingle
The Australian Financial Review – Page: 1 & 10 : 18-Jul-14

Australian Prime Minister Tony Abbott on 17 July 2014 addressed a meeting of the Business 20 (B20) forum that is helping the Government prepare for the Group of 20 (G20) summit in November. Australia is pushing the G20 member nations to adopt an economic growth target of 2% by 2019, and Australian Treasurer Joe Hockey has reportedly been given assurances by EU finance ministers that they will commit to the goal. A major focus of the advice by B20 will be investment in infrastructure. Hockey will speak to the delegates on 18 July

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. DEPT OF THE TREASURY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, GENERAL ELECTRIC COMPANY, SEB ASSET MANAGEMENT AG, RIO TINTO LIMITED – ASX RIO