Commentary The latest five-year review by the Australian Productivity Commission (PC) is a historically weak piece of analysis compared to previous reports, perhaps as a result of government pressure. If you read between the lines on Treasurer Jim Chalmers’s recent comments, it appears the Commission is to sing its swan song sooner rather than later….
Australian Economy Loses $600 Million a Year Due to Container Port Inefficiencies
Port inefficiencies cost the Australian economy about $600 million (US$414 million) per year, causing consumers to pay more for imported goods. Following a year-long inquiry into container ports, the Productivity Commission found significant variations in the performance of ports across Australia with substantial implications for the economy. Currently, Australia relies on port activities greatly, as…
Wage Negotiations Could Inflate Prices of Goods and Services: Australian Productivity Commission
The Australian Productivity Commission (PC) has warned that customers across the country could bear the brunt if the federal government does not correctly handle industrial relations reforms. In its five-year productivity inquiry report, the PC said well-crafted changes to multisector bargaining and other industrial relations reforms could facilitate cooperation between small firms and allow them…
Australia Warned of Falling Behind in Technology Race
A five-year productivity inquiry into Australia’s digital technologies and data has found that the country could fall behind in the race against technological change. In its latest interim report, the Productivity Commission said that inadequate internet, lack of skills, low awareness and uncertainty about benefits, security concerns, cost and maintaining legacy systems were preventing Australian businesses from…
Australian Government Warned to Slash $16 Billion Industry Assistance Spending
The Productivity Commission has warned the Australian government to limit its industry assistance spending following the economy’s recovery to avoid negative impacts. A report by the commission found that the federal government spent at least $16 billion (US$11.14 billion) to support various industries in the 2020-2021 financial year, up $4.2 billion from the previous year….
Australia’s Productivity Growth Drops to Lowest Level in 60 Years
A new study has found that Australia’s productivity growth has declined markedly in the past two decades and is currently at the lowest level in 60 years. According to the Productivity Commission’s (PC) latest interim report, Australia’s labour productivity growth fell from around 2.3 percent in 1990-2000 to about 1.2 percent in 2010-2020, which was…
Australia Needs to Crack Down on Fake Indigenous Art: Report
July 19, 2022
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Visual arts and crafts have been an integral part of Australian Aboriginal and Torres Strait Islander culture for tens of thousands of years, and while in recent years, this has grown into a significant industry, providing income for artists and creating opportunities for Indigenous communities, fake Indigenous art is undermining these benefits and new measures…
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