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And it’s a wake-up call for government. At precisely the time you would expect Australia to be building its ability to conduct cutting-edge public science, our premier scientific agency is sacking people.

CSIRO tried to characterise the cuts as “a renewed emphasis on inventing and deploying technological solutions to tackle national problems”, but it’s blatant cost-cutting. The news of the 350 full-time-equivalent researcher jobs being cut comes on the back of another 800 jobs being cut in the past 18 months.

Australians have always been fiercely proud of the CSIRO – and rightly so.

Few public institutions anywhere in the world can boast a track record like it. CSIRO is globally respected. From fast Wi-Fi, the polymer banknote, the Hendra virus vaccine, breakthroughs in radio astronomy, and world-leading climate modelling, CSIRO has repeatedly punched above its weight. The debt of gratitude Australians owe CSIRO for Aerogard alone can never be repaid.

Which is why it’s so alarming to watch its funding – and its people – bleed away.

The timing of these cuts couldn’t be worse. With the United States gutting its universities and medical research sector – Trump’s America has become a terrifying place to do science – Australia has a once-in-a-generation chance to attract some of the world’s top researchers. Instead we’re sacking researchers by the hundreds.

The Wrap with Amy Remeikis

Fifty-three years ago, Gough Whitlam swept to power with the slogan ‘it’s time’.

Looking at this Labor government, you now have to wonder what are they waiting for?

It’s past time for fair tax reform. Past time for an end to fossil fuel expansion. Past time for the government to start governing for people, and not vested interests.

And yet, as we enter the last sitting week for the year (unless Labor gets its way on the environment laws, in which case the government will probably try and drag everyone back for one more sitting), with Labor walking away from gambling advertisement reforms recommended by the late Peta Murphy, we have to ask again, what is it Labor is waiting for?

The gambling reforms are a perfect example of how hesitant Labor is to use power. Because what does it have to lose? The public supports it. Unlike the under-16s social media ban, there is evidence it will reduce harm. There are a multitude of ways for Labor to address the roadblocks of free-to-air television and media suffering a loss of gambling ad revenue, including by putting a levy on the gambling companies which trade in people’s hope and addictions. But they won’t do it.

On this special episode of Dollars & Sense, Liam O’Brien from the Australian Council of Trade Unions and Dr Ingrid Burfurd from The Superpower Institute join Dr Richard Denniss to discuss taxing the gas industry more effectively.

This discussion was recorded on Wednesday 29 October 2025 at the Australia Institute’s Revenue Summit at Parliament House in Canberra.

A time for Bravery: what happens when Australians are courageous is available for pre-order now via Australia Institute Press. Use the code ‘SAVE5’ to get $5 off.

Aiming Higher: Universities and Australia’s future by Professor George Williams is also available now.

Guest: Liam O’Brien, Assistant Secretary, Australian Council of Trade Unions // @lbobrien

Guest: Ingrid Burfurd, Carbon Pricing and Policy Lead, The Superpower Institute

Host: Richard Denniss, co-Chief Executive Chief, the Australia Institute // @richarddenniss

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Show notes:

It has a big majority in the lower house, an easy Senate and an opposition in a shambles.

Less widely remarked is that, outside of Parliament, some key potential critics are also at a low ebb, and it’s not just the traditional media critics that are no longer able to influence elections.

The mining and gas lobbies are also historically weak.

This might not seem obvious, given the Albanese government’s tendency to do whatever the resource sector asks – whether it’s approving carbon-bomb gas export projects for Woodside, putting environment law reform on the go-slow for the mining industry, or doing as little as possible to end the “great gas giveaway”.

But the government’s subservience to the resource lobbies stems more from the personal preferences of Anthony Albanese and his ministers, rather than the power of the lobbies themselves.

Long-gone are the days of 2010 when, the mining industry could claim – apocryphally or otherwise – to topple prime ministers and governments. These days it can hardly organise a meeting in a conference centre.

Last week the Minerals Council of Australia and the gas lobby Australian Energy Producers hosted Australia’s first Energy and Minerals Tax Conference.

Two of the country’s most powerful industry groups were teaming up to “highlight the significant economic and tax contribution of the natural gas and mineral resources sectors”.

Why did they need to have three-day conference with government, opposition and media invited to talk about how much tax they pay?

The Wage Price Index was released on Wednesday and is a measure of how fast wages are increasing.

It showed that wages increased 3.4 per cent over the past year, the same as the annual increase from last quarter.

An annual growth rate of 3.4 per cent is reasonable. The long run average is 3.1 per cent, so it’s slightly above average.

However, as the graph below shows, the growth rate in wages has fallen since it peaked at the end of 2023.

The Reserve Bank will certainly be happy, as it firmly believes that higher wages are a cost for businesses, who will push up prices in order to protect their profits. For the Reserve Bank, higher wages lead to higher inflation.

Is the cost-of-living crisis over?

Not so fast. Wages growth is only part of the picture. What people should really be focused on is what economist call real wages.

Real wages is a measure of how much stuff you can buy with your wage.

He had no evidence for this – just some spurious numbers around what he said a carbon price would cost – but it didn’t matter. As he wrote himself in Weatherboard and Iron, the claim took off.

Australia dumped the carbon price under the Abbott government and lamb hit record prices in 2025 – because of drought.

Joyce also claimed in 2014 that the “country would go broke” if the 2014 budget wasn’t passed (much of it wasn’t) and – surprise, surprise – the country is not broke.

But we never go back and check what is right or wrong in these debates, which is why people like Joyce can continue to make outrageous claims and have them reported as having the same weight as actual facts, with no responsibility or accountability for when it’s revealed as bullsh-t.

The Coalition did the same with the carbon price, a tax that was never a tax as admitted by one of the architects of the successful scare campaign, Peta Credlin herself years later.

Because that’s the thing – the people who deliberately muddy the waters through misinformation, cherry-picking facts or straight-up falsehoods then brag about their success, admitting they knew it was wrong, but hey, “that’s politics”.

They can do it time and time again, because every time they change the lie, it’s treated as a serious input into the debate.

Leader (for now – those who wanted net zero gone will wait for the polls to officially end her career) Sussan Ley was particularly egregious, answering the question of “what will you tell your grandchildren?” with:

“The other thing that I want to be able to say to my grandchildren is that you should inherit a better standard of living than my generation and your mum and dad’s generation. Right now, they are set to inherit the worst standard of living since the Second World War.”

Now, enough words have been written on this most recent bout of stupidity, but those particular words lingered.

The same week the Liberal Party sucked up any and all political oxygen, the Victorian Labor government made a mockery of evidence-based solutions and research by capitulating to populist scare campaigns and announcing that children as young as 14 could be treated as adults in court.

This is happening as the federal government makes a big song and dance about banning under-16s from social media. Too young for TikTok but apparently old enough to face the adult incarceration system.

But we don’t care about children when there are tough-on-crime headlines to be made.

Just as we don’t care about children when setting climate policy – even as the consequences hit us. Both major parties have voted against having a duty of care for future generations included in legislation, as well as having fought against it in court. Children are to inherit our consequences, but have no say in the decision-making.

Shortly after I started, the printing press was closed and that magic became a memory, a period of time I was lucky to experience in an industry that has been in flux since.

But when I was lucky enough to get to stay around and watch the paper get put to bed, you would also get the benefit of learning from the salty news dogs who’d spent decades in journalism and learnt some universal truths.

They were usually on the night shift because they were no longer fit for human consumption, but also because they’d spot the errors others wouldn’t even know to look for (like an ad for funerals on the same page as a horror car smash or a story on air mattresses across from a sky-diving accident) and if they liked you, they’d tell you how little your university degree had taught you.

That was where I was told about “whinge and win”. It’s not specific to journalism, and it’s also known as being the loudest voice in the room.

Whinge and win is how the bullies, the incompetent and the plain annoying seem to always get their way. It’s easier to give in than to stand and fight, because the whinging winners have enough audacity to outlast all but the most staunch.

It’s how issues that aren’t issues end up dominating everyone’s agenda. How the worst people you know seem to always have victories, reinforcing their delusions the world is there to bend to them.

Because the flip side of whinge and win is suffering in silence. Which is what most people do, because the fight seems so overwhelming.

This is despite an increase in public funding through Workforce Australia, a Commonwealth Government service which pays private job agencies to help people who are unemployed find jobs.

The involvement of private agencies in the unemployment benefit system began in 1998, when the Howard Government replaced the government-run Commonwealth Employment Service. It instead contracted private or community-run job agencies to help people find jobs.

This was combined with the “mutual obligation” requirement for those receiving the benefit. This became known as the “Work for the Dole” program. Those receiving payments are required to do “work like” activities for a certain number of hours and/or to demonstrate an effort to find employment. Jobseekers sign up with private job agencies as a way of showing they are looking for a job. An agency claims “outcome payments” from the government when a client has completed 4, 12, or 26 weeks of work (the latter being considered long-term).

In short, instead of helping some of its most vulnerable citizens directly, the Commonwealth Government makes them jump through hoops to receive Jobseeker payments, and private companies who capture handsome profits in the process.

Over one-in-four of Jobseeker payment recipients have disability or health conditions which affect their capacity for work, as recognised by the Albanese Government’s employment whitepaper from September 2023.

On this episode of Follow the Money, Mike Rann addresses the fossil fuel industry’s tobacco-like tactics, South Australia’s leadership of progressive reform, and why policy bravery can be great politics, as he delivered the Australia Institute’s Hugh Saddler Memorial Lecture.

This episode was recorded live on Thursday 13 November.

A time for Bravery: what happens when Australians are courageous is available for pre-order now via Australia Institute Press.

Aiming Higher: Universities and Australia’s future by Professor George Williams is also available now.

Guest: Mike Rann, Chair of the UK Climate Group and former Premier of South Australia // @Mike_Rann

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Coalition offers crash course on staying in opposition for forever by Ebony Bennett, The Canberra Times (November 2025)

On this episode of After America, Crikey’s Charlie Lewis joins Dr Emma Shortis to discuss Congress’ failure to extend life-saving health insurance tax credits, Trump’s inability to make the Epstein files go away, and whether there is evidence of US involvement in the dismissal of Prime Minister Gough Whitlam.

This discussion was recorded on Friday 14 November.

Aiming Higher: Universities and Australia’s future by Professor George Williams is available now via Australia Institute Press.

Guest: Charlie Lewis, Reporter-at-large, Crikey // @theshufflediary

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Show notes:

Shorter America: Opposing Trump, trouble in paradise, the American elite by Emma Shortis, The Point (November 2025)

Delivering The Australia Institute’s second annual Dr Hugh Saddler Memorial Lecture at the State Library of South Australia last night, Mr Rann slammed the fossil fuel lobby’s grip on climate policy in the country.

“Australia’s continued approval of new and expanded coal mines and its massive embrace of a gas industry means Australia is often seen internationally as walking both sides of the street on climate,” said former South Australian Premier and Chair of the UK Climate Group, Mike Rann AC.

“The fossil fuel lobby has learned from tobacco industry tactics of the past and they are desperate to avoid any commitment to phase out the cause of the problem that threatens billions of people on our planet.

“For the Australian fossil fuel industry, maintaining an ongoing, bipartisan commitment to gas exploration, production and almost tax-free exports is their central objective. For fossil fuel polluters, gas has become the lifeline that vaping was for the tobacco lobby.

“Like The Australia Institute, I am appalled that multinational gas companies are making massive, multi-billion profits from exporting Australian resources while paying little or no tax. Fixing this could be a big, first step in the second term tax reform agenda of the Albanese Government.”

Tax doesn’t just affect markets, it shapes society. On housing, excessive tax concessions have driven up prices, concentrated wealth and locked many of the market. On this special episode, Maiy Azize from Everybody’s Home, Josie Lee from Oxfam Australia, and housing advocate Jordan van den Lamb join Amy Remeikis to discuss how bad policy created a housing crisis.

This discussion was recorded on Wednesday 29 October 2025 at the Australia Institute’s Revenue Summit at Parliament House in Canberra.

Aiming Higher: Universities and Australia’s future by Professor George Williams is available now via Australia Institute Press.

Subscribe now for updates from the Australia Institute.

Guest: Maiy Azize, National Spokesperson, Everybody’s Home

Guest: Josie Lee, Policy and Advocacy Lead, Oxfam Australia

Guest: Jordan van den Lamb, Housing Advocate // @purplepingers

Host: Amy Remeikis, Chief Political Analyst, the Australia Institute // @amyremeikis

On this episode of Follow the Money, former head of the Australian Greens Bob Brown joins Ebony Bennett to discuss the irreplaceable beauty of Australia’s natural environment, the current government’s efforts to change our nature laws, and his latest book, Defiance: Stories from Nature and Its Defenders.

This episode was recorded live on Friday 31 October as part of our Australia’s Biggest Book Club webinar series. Join the Book Club to find out about our upcoming webinars with authors.

Aiming Higher: Universities and Australia’s future by Professor George Williams is available now via Australia Institute Press.

Guest: Bob Brown, environmentalist, author and former head of the Australian Greens

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Defiance: Stories from Nature and Its Defenders by Bob Brown, Black Inc. (September 2025)

On this episode of After America, Dr Emma Shortis joins Angus Blackman to discuss the results of last week’s sweeping election victories. They discuss what it all means for the Democratic Party, how the MAGA-verse is responding, and the impact of the longest federal government shutdown in American history.

This discussion was recorded on Monday 10 November.

Follow Emma’s work at The Point, where she publishes a column on the week in American politics every Monday.

Join Emma and Don Watson in conversation in Carlton on Saturday 15 November.

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Host: Angus Blackman, Executive Producer, the Australia Institute // @AngusRB

Show notes:

Between them, they’ve recorded a collective profit of more than $43 billion.

Much of that has come at the expense of Australian home owners who’ve been battling a cost-of-living crisis. The big 4 banks control almost three quarters of the nation’s home loans.

Research by The Australia Institute reveals the big four banks make $213,480 in pure profit from the average mortgage of a first-home buyer with a 30-year loan.

ANZ is the smallest of the banks as reflected in its profit being lower than the rest. It’s also the smallest using its share of total loans to residents or its share of home loans. The ANZ accounts for 13% of all loans to Australian residents and 13% of loans for housing.

The Wrap with Emma Shortis

One year after Donald Trump was elected President of the United States for a second time, New York City elected a self-declared “democratic socialist” as Mayor. Zohran Mamdani beat independent candidate, disgraced former Democrat Andrew Cuomo, by nine percentage points.

In Virginia and New Jersey too, Democrats swept to double-digit victories. In California, Governor Gavin Newsom’s redistricting ballot measure (a direct response to Republican gerrymandering in Texas) also passed easily.

New Australia Institute polling reveals only 8% of Australians are genuinely convinced Australia “shares values” with Trump’s America.

“It is past time Australia rethinks national security – and focuses on fairness and climate action, not blind fealty to America.’

@emmashortis.bsky.social #auspol

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— The Australia Institute (@australiainstitute.org.au) November 4, 2025 at 12:19 PM

Not content with alienating voters in former blue-ribbon seats who think climate change is real by dithering on its net-zero commitment, several male Coalition MPs did their level best this week to alienate women as well.

Here’s what happened. “Priya’s Law” was an uncontroversial bill designed to clarify that employers can’t just cancel paid parental leave if a child is stillborn or dies after birth. The law was drafted after baby Priya died when she was just 42 days old and a heartless employer notified Priya’s mother, just days after her daughter’s death, that her pre-approved parental leave was being cancelled and she was required to return to work.

It is every parent’s worst nightmare. But for Barnaby Joyce, Andrew Hastie, and several other male Coalition MPs you’ve never heard of, it was also an opportunity to virtue-signal on abortion.

“Unfortunately – I hate to bring it up – there remains the issue of late-term abortion. We have a right to know if it includes that,” Joyce said.

Hastie reminded the Parliament he was opposed to late-term abortion, saying “I do have a question about the unintended consequences of this bill and it applies to late-term abortions.”

“But if they do this on net zero, they’ll never get elected” is one of the most common comments in response to having the situation explained to them.

This is the correct response, because the Liberals can’t get elected if they do this.

As much as some may look to Tim Wilson’s defeat of Zoe Daniels in Goldstein as proof they can manage to win back the teals (as James Paterson did on Wednesday), they forget that is when the Liberals had a net zero policy at least partly based in the science – and Goldstein was a perfect storm of circumstances unlikely to ever be repeated.

(Also, the best way to remind people of why they voted in independent in the first place is to have someone like Wilson back on the political scene.)

The thing to understand with all of this is that it is not logical and it never has been. This is about individual power and survival.

Barnaby Joyce was all but crowing from the parliament flag pole this week at how he had dragged the Nationals, once again, to his position, which has then had the Liberals all but follow suit.

The Nationals have been openly dragging the Liberals around since the Turnbull years. Scott Morrison and Peter Dutton were canny enough to manage to contain the damage (and were also mostly on board). Ley has no such authority.

Greg and Elinor discuss the Reserve Bank’s predictable rates decision, Microsoft’s decision to refund some customers after pressure from the Australian Competition & Consumer Commission, and whether Australia’s tobacco excise has become self-defeating.

Aiming Higher: Universities and Australia’s future by Professor George Williams is available now via Australia Institute Press.

This discussion was recorded on Thursday 6 November 2025.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

The RBA predicts inflation will rise faster than wages. Let’s hope it’s wrong by Greg Jericho, Guardian Australia (November 2025)

This was slightly down on 2024 but, nevertheless, the CEO and executive group paid themselves $35.3 million, an increase of $2.4 million.  CEO Andrew Irvine got a cool $5.6 million as remuneration in the year to September 2025.

NAB is Australia’s fifth largest company and third largest bank by market value. It accounts for 17% of all the loans to Australian residents. That includes 14% of housing loans and 22% of business loans, which means it is slightly biased towards its business customers.

Nevertheless, NAB is one of the big banks which, between them, control 72% of all Australian home loans. On average, they make $213,480 in pure profit from the average first home buyer paying off a 30 year mortgage.

“The NAB’s slightly lower profit has been described as “lukewarm” and “disappointing”. It is neither of those things. It is obscene,” said Richard Denniss, co-CEO of The Australia Institute.

“The lack of competition among the big banks in Australia comes at a huge cost to struggling homeowners.

“Just like the similar profit posted by Westpac a few days ago, this massive profit from home loans far exceeds the level of risk the bank undertakes.

“The federal government has a huge majority and therefore a huge opportunity to help take the burden off the people who need help the most.

On this episode of Follow the Money, Richard Denniss and Ebony Bennett discuss the lack of accountability in Australia’s universities, why some institutions’ claims of financial crises aren’t supported by their auditors, and what Australians think about the state of the sector.

Aiming Higher: Universities and Australia’s future by Professor George Williams is available now via Australia Institute Press.

Guest: Richard Denniss, co-CEO, the Australia Institute // @richarddenniss

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Australians believe universities are too expensive and not doing their job: polling, the Australia Institute (November 2025)

There is no financial crisis at the University of Newcastle: new analysis, the Australia Institute (October 2025)

Polling also found only 3% of Australians think making a profit should be a primary purpose of universities – however more than half believe that it currently is a primary purpose.

Meanwhile, fewer than half of Australians believe educating students is currently a primary purpose of universities, despite 80% thinking it should be.

Key findings:

• Three out of four Australians (77%) think university degrees should cost $10,000 or less per year.
• About three in five Australians (58%) think university degrees should cost $5,000 or less per year.
• Less than one in 20 (3%) of Australians think that making a profit should be a primary purpose of universities, yet more than half (54%) believe that it currently is a primary purpose.
• Four in five (80%) Australians think that educating students should be a primary purpose of universities, yet 44% believe it is currently a primary purpose of universities.

“University fees are totally out of step with community expectations. Despite about three in five Australians believing degrees should cost $5,000 or less a year, most university degrees are more expensive than this. Highly popular degrees such as arts, commerce, and law now cost about $17,000 per year,” said Jack Thrower, Senior Economist at The Australia Institute.

“High university fees are leading to mounting student debts, which are taking ever longer to pay off.

There are now more than 4 million guns legally owned in Australia, more than before the Port Arthur tragedy in 1996.

Worse still, significant numbers of legally-owned guns are stolen each year, according to research published by the Australia Institute.

According to police statistics in each state and the ACT, more than 9000 firearms were stolen from 2020 to 2024.

That works out at more than 2000 guns a year on average, or one every four hours.

Over the past two decades, at least 44,631 guns were stolen, a substantial supply of weapons into the hands of criminals.

Gaps in the data and a lack of information on unregistered firearms mean that the full number of firearms stolen in that time must be even larger.

Data on firearm theft is not consistent, with different information provided depending on the state.

For example, Victoria and South Australia provide information on the types of firearms stolen.

Tasmania has numbers for both firearms stolen and incidents of firearms theft, showing on average three guns are stolen per robbery.

It also shows the RBA cares more about inflation than jobs.

“Unsurprisingly the Reserve Bank has chosen to keep rates steady at 3.6% This reflects that yet again the RBA care more about inflation than maintaining full employment,” said Greg Jericho, Chief Economist at The Australia Institute.

“In the past month unemployment continued its steady rise to 4.5%, while the inflation had a surprisingly sharp increase due mostly to the end of state-based energy rebates.

“In response the RBA has shown it is less worried about ongoing rising unemployment than reacting to a surprising blip in inflation.

“The most recent household spending figures released yesterday showed households are slowing their spending and shifting towards spending on necessities.

“In order to keep unemployment from rising further that RBA must care as much about the full employment part of its dual mandate as it does inflation.”

The post Rate hold shows RBA cares more about inflation than jobs appeared first on The Australia Institute.

The polling follows reporting of the Albanese Government’s Federal Labor Business Forum, where corporations pay up to $110,000 for privileged access to Government Ministers. Government ministers are also keeping details of the meetings secret by blocking access to ministerial diaries. The Liberal and National parties engage in similar activities, though their own business forums.

Key findings:

• Three in five Australians (63%) think that cash-for-access payments constitute corrupt conduct. Only 12% do not.
• Most Australians think cash-for-access constitutes corrupt conduct, regardless of voting intention.
• Four in five Australians (82%) agree that paying for exclusive access to politicians gives corporations and special interests unfair political influence.
• An overwhelming majority of Australians (78%) agree that politicians should refuse to participate in events where participants with a vested interest in government policies have paid for exclusive access.

“Politicians could improve public faith in democracy by ruling out taking money in a way that most Australians view as corrupt,” said Mark Ogge, Principal Advisor at The Australia Institute.

“It’s clear that cash-for-access payments completely fail the pub test.

On this episode of After America, Dr Emma Shortis joins Angus Blackman to discuss some new Australia Institute polling, which shows that Australians are less than convinced that we “share values” with Trump’s America. Emma is then joined by Dr Frank Yuan and Allan Behm to discuss Trump’s meeting with Xi and the chaos whirling around the president.

The first part of this discussion was recorded on Friday 31st October. The second part was recorded on Monday 3rd November.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via Australia Institute Press.

Guest: Allan Behm, Special Advisor in International Affairs, the Australia Institute

Guest: Dr Frank Yuan, Postdoctoral Research Fellow, The Australia Institute // @yuan-frank

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Host: Angus Blackman, Executive Producer, the Australia Institute // @AngusRB

Show notes: 

Westpac has today announced a full-year profit of $10 billion before tax for the financial year ending on 30 September, 2025.

Westpac is one of Australia’s “big four” banks, which together control 72% of all loans to Australian residents.

By market capitalisation, Westpac ranks as Australia’s fifth largest listed company and third largest bank. Westpac alone holds 19% of all loans and 21% of all housing loans in the country.

Australia Institute research shows the big four banks make $213,480 profit over the 30-year life of an average size mortgage for a first-home buyer.

“Australia Institute figures don’t even include the extra profit banks make on any other savings or credit card accounts, transaction fees, kickbacks on insurance they sell your or the ridiculous prices they charge to get a bank cheque,” said Richard Denniss, co-CEO of The Australia Institute.

“The lack of competition among the big banks has come at the cost of home owners, and their massive profits from home loans far exceeds the level of risk the banks undertake.

“The Albanese Government has huge majority in Parliament, and huge opportunity to help take the burden off the people who need help the most.

“A small super profits tax, raising just over $1.7 billion in 2024-25, was imposed by the Coalition Government back in 2017 – that has clearly done little to dent the profits, or the market share of the big bank.

Press conferences at Parliament House, our 2025 Revenue Summit, Senate Committee hearings and several media interviews, October was a busy month for The Australia Institute.

Check out a few highlights of our impact!

The post October 2025 Media Highlights appeared first on The Australia Institute.

On this episode of Dollars & Sense, Greg and Elinor discuss the “shock” inflation figures, what energy subsidies have to do with the larger-than-expected increase, and why the Australian Competition & Consumer Commission (ACCC) is suing Microsoft.

Pre-order Aiming Higher: Universities and Australia’s future by George Williams via Australia Institute Press.

The Point, an initiative of the Australia Institute, is live now.

This discussion was recorded on Thursday 30 October 2025.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

So it’s goodbye to lower interest rates – to be honest, the RBA was always looking for an excuse not to cut by Greg Jericho, Guardian Australia (October 2025)

A self-processed former “punk” using her position in Parliament to criticise the Prime Minister for wearing a Joy Division T-shirt is stupid-stupid, even for Auspol, which long ago shifted the bar from low to subterranean.

To borrow from Shakespeare, it is a tale told by an idiot, full of sound and fury, signifying nothing.

Given the nation is being forced into having a conversation about a boomer wearing a band T-shirt, let’s take a little bit more of a look at it shall we?

The T-shirt depicts the album cover of Unknown Pleasures, which – in turn – features a graphic of radio waves from a pulsar. In other words, a signal from an object of extreme density spinning away deep in the void. A perfect metaphor for this “debate”.

Physics tells us that empty vessels make the most noise, which is another perfect analogy for Sussan Ley and the modern Liberal Party. Ley’s desperate need for relevancy, underscored by her office sending her 90-second statement around the press gallery to ensure coverage, perhaps disproves the notion that nothing can be truly empty.

Ley’s “argument” was that by wearing a Joy Division t-shirt, Anthony Albanese risked upsetting Australia’s Jewish community, given the origins of the band’s name come from a 1950s book that told the story of sex slaves kept by the Nazis, who referred to them as the “joy division”.

On this episode of Follow the Money, Rod Campbell and Ebony Bennett discuss the lack of political will to properly protect the natural environment, a proposal for a 25% gas export tax to replace the Petroleum Resources Rent Tax, and new research showing that Adani cost Queenslanders hundreds of millions of dollars by selling coal at mates’ rates.

Strong environment laws stop new coal and gas. You can sign our petition calling on the Australian Government to genuinely strengthen Australia’s environment laws.

Guest: Rod Campbell, Research Director, the Australia Institute // @rodcampbell

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Can Albanese claim ‘success’ with Trump? Beyond the banter, the vague commitments should be viewed with scepticism by Emma Shortis, The Conversation (October 2025)

That’s one every four hours.

Based on data obtained from police in each state and territory, the paper reveals that at least 9,000 guns have been stolen since 2020 and over 44,000 since 2000.

The new report builds on previous research showing there are now over 4 million guns in Australia, more than before the Port Arthur killings, and the subsequent reforms under the Howard Government.

“Thousands of guns are flowing into the hands of criminals every year, putting Australians in danger,” said Rod Campbell, Research Director at The Australia Institute.

“There are record numbers of guns in Australia and this research shows how easily they can fall into the hands of criminals.

“Theft of legal guns is the main source of illegal guns in Australia, not 3D printing or illegal imports. It’s pretty simple – the more legal guns there are in Australia, the more illegal guns there will be.

“Australia would be safer with fewer guns in the community overall, and governments need to work to reduce the number of guns in Australia and in each state and territory.

“State and federal governments have been complacent, perhaps believing that gun control in Australia was sorted by the Howard Government in the 1990s.

“This research shows that gun control and keeping the community safe requires ongoing efforts from all levels of government.

“Australians might be shocked to discover that the Howard-era National Firearms Agreement has still not been completed.

In August, The Australia Institute welcomed the Tasmanian Liberal Party’s promise to conduct an independent study into the salmon industry, pausing marine expansion while the review is carried out.

However, the Tasmanian Government’s Terms of Reference were finalised without public consultation. Moreover, the entire study will not provide any recommendations.

The Australia Institute has been conducting research into the salmon industry for a decade. It shows 7 in 10 Tasmanians support the 2022 Parliamentary Inquiry to reduce inshore fish farming and to stop it altogether in sensitive, sheltered, and biodiverse areas.

“The Terms of Reference were developed in secret, with no public consultation and amount to a stitch up for the foreign-owned salmon industry in Tasmania,” said Eloise Carr, director of The Australia Institute Tasmania.

“Unless they are changed and truly independent reviewers are appointed, the study risks being a complete waste of time and tax-payer money.

“The science is clear – we know the harm this industry is doing in its current form in Tasmania and globally. This study had the opportunity to deliver on the findings of previous inquiries, including the Tasmanian Parliamentary Inquiry, by recommending how to change the way this industry operates.

On this episode of After America, Matt Duss joins Dr Emma Shortis to discuss Trump’s deployment of troops in the domestic United States, the administration’s attacks on Venezuela, negotiations over Gaza and Ukraine, and what it really means when the President makes a promise.

This discussion was recorded on Friday 24 October 2025.

You can sign our petition calling on the Australian Government to launch a parliamentary inquiry into AUKUS.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via Australia Institute Press.

Guest: Matt Duss, Executive Vice President, Center for International Policy // @mattduss

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Show notes:

Trump’s tragedy: the US becomes an autocracy and the presidency, a dictatorship by Emma Shortis, The Conversation (October 2025)

Following the announcement of Donald Trump’s ‘peace’ deal and the resulting ‘ceasefire’ there has been a lot of quiet commentary in legacy media circles about the future of the fifth estate.

“What are all these single-issue media critics going to do now that the issue is solved?” is the question being asked in newsrooms, as if now that the bombs have officially stopped dropping over civilians in Gaza (never mind that they haven’t), audiences will return to the legacy fold.

This question isn’t based in malice but a fundamental misunderstanding of what caused the schism in trust between audiences and media. It’s also not new. There has always been a level of distrust within newsrooms of people who undertake journalism away from the fold. It’s easy to dismiss renegades, even as the mainstream is forced to follow them.

Who gets to be a journalist — and who doesn’t

Who ‘gets’ to be a journalist has always been set by the mainstream – you must work for a masthead, a network or an established broadcaster to be counted as a ‘proper’ journalist. With one of those behind you, then it follows that everything you do is ‘journalism’.

Without the overhang of an established brand, then you are not a journalist. You’re something else. An activist. A ‘citizen’ journalist. A blogger. A podcaster. An influencer. A content creator. Someone ‘masquerading’ as a journalist. It doesn’t matter if you once worked for an established media outlet. You left. Whatever you’re doing now obviously can’t be considered ‘journalism’.

The Wrap with Bill Browne

Prime Minister Anthony Albanese returns from a meeting with the mercurial US President Donald Trump, a great diplomatic success by the usual measures. Trump said without hedging that Australia would get nuclear-powered submarines under the AUKUS pact and inked a critical minerals deal to “unlock” private investment.

The media lapped up Trump’s comments, as did the Prime Minister – who said Labor’s ads at the next election might feature Trump’s endorsement. But as Emma Shortis warned this week, beneath the bonhomie there was little substance. There are good reasons to doubt that AUKUS will happen and that a full embrace of Trump is wise, or even electorally popular.

‘Symbolically, the meeting was a success. In substance, it revealed that the fundamentals of the relationship have not changed.’

Dr Emma Shortis unpacks Albanese’s meeting with Trump in The Conversation.

@emmashortis.bsky.social #auspol

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On this episode of Dollars & Sense, Greg and Elinor discuss the critical minerals agreement struck between the Australian and American governments, Andrew Leigh’s new anti-price gouging legislation, and why Aussies have been lining up for gold.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via the Australia Institute website.

This discussion was recorded on Thursday 23 October 2025.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

Australia’s surprise unemployment spike suggests an economy not overheating but in need of stimulus by Greg Jericho, Guardian Australia (October 2025)

The university had net assets of more than $1.8 billion at the end of 2024. That is an increase of more than $150 million from the previous year.

This strong increase in the value of its assets is due in part to the strong surplus of $61.3 million shown in the audited accounts.

“The University of Newcastle is not experiencing any form of financial crisis,” said Dr Richard Denniss, co-CEO of The Australia Institute.

“To suggest that there is something ‘unsustainable’ about the financial performance of an organisation whose net assets have grown by nearly $600 million and whose retained earnings have grown by more than $400 million over the past 10 years is just silly.

“It is important to realise that claims the university ran an ‘underlying deficit’ last year are not based on the university’s audited results.

“The so-called ‘adjusted operating result’ is calculated by management by removing some forms of revenue described as ‘one-off’, but there is no similar effort to remove one-off items of expenditure.

On this crossover episode of Follow the Money and After America, Dr Emma Shortis and Ebony Bennett discuss why Australia is still unlikely to receive any Virginia-class submarines, why the “shared values” that supposedly underpin the Australia-US alliance are looking increasingly shaky, and Trump’s bizarre AI video showing himself dropping excrement on protesters.

You can sign our petition calling on the Australian Government to launch a parliamentary inquiry into AUKUS.

After America: Australia and the new world order by Emma Shortis is available via Australia Institute Press.

Guest: Emma Shortis, Director of International & Security Affairs, the Australia Institute // @emmashortis

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Salmon farming is the primary threat to the endangered Maugean skate in its only home, Macquarie Harbour, part of Tasmania’s Wilderness World Heritage Area.

The latest report from the Institute of Marine and Antarctic Studies states the population of the skate is still dangerously low, while juveniles are in an even more precarious situation. There is no guarantee these will survive to reproductive maturity.

The government has admitted salmon farming is the primary threat and that the skate remains at high risk of extinction, but is refusing to follow its own advice, which is to “eliminate or significantly reduce” fish farms to avoid the “almost certain” and “catastrophic” impact of this industry.

Meanwhile, the Tasmanian government is currently preparing Terms of Reference for a review of the salmon industry in Tasmania, but there has been no public consultation to date.

“For the Australian government to say the species appears to be recovering is incorrect, and to say that when its own advice says it’s not possible to make such conclusions, is misleading.” said Eloise Carr, Director of The Australia Institute Tasmania.

“The Australian government is failing to meet its obligations to protect World Heritage.

“The government is ignoring its own department’s advice in its attempts to reassure UNESCO that enough is being done to address the destruction of World Heritage caused by the salmon industry. This is simply not the case.

On this episode of After America, Judge Navi Pillay, former UN High Commissioner for Human Rights and 2025 Sydney Peace Prize Laureate, joins Dr Emma Shortis to discuss accountability in international law and the prerequisites for genuine peace.

This discussion was recorded on Monday 13 October 2025.

Details of Judge Navi Pillay’s Australian events are available on the Sydney Peace Foundation website.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via Australia Institute Press.

Guest: Navi Pillay, Chair of the United Nations Human Rights Council Independent International Commission of Inquiry on the Occupied Palestinian Territory

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Show notes:

Israel has committed genocide in the Gaza Strip, UN Commission finds, Office of the High Commissioner, United Nations Human Rights (September 2025)

For the past few years, a growing problem has put healthcare budgets under increasing stress.

State and territory governments have been trying to do more with less, and it is all starting to come apart at the seams.

Extra money for healthcare during the pandemic hid the problem for a while. But, with those emergency sources of revenue gone, the states face funding shortfalls, and it is everyday Australians who are suffering as a result.

Overcrowded hospital waiting rooms. People waiting years in pain for hip replacements. People delaying appointments because of the cost, which then means issues are not picked up early.

Source of the problem probably not what you think

But this is not all doom and gloom. There is the real possibility of meaningful change.

The problem is that the GST is failing. The GST was created as a state tax, collected by the Commonwealth government, but then transferred in full to the state and territories.

It was promised to be the states’ own growth tax, which would help them fund their spending responsibilities, the biggest of which was healthcare.

But over the past 25 years since its introduction, it hasn’t grown with the economy.

Australia Institute analysis also shows:

• Gas exports worth $170 billion paid no royalties and no PRRT over the last 4 years.
• Australians pay 4 times more in HECs /Help repayments than the gas industry pays in PRRT.
• Australian nurses pay more tax than the gas industry.
• Many gas exporters continue to pay no tax and PRRT payments are at a 3 year low.
• The Australian government gives gas exporters more than half the gas they export royalty free.

“A 25% gas export tax would go a long way towards solving the nation’s housing crisis and the self-inflicted ‘gas crisis’ in one fell swoop,” said Rod Campbell, Research Director at The Australia Institute.

“It is extraordinary that Australia raises so little money from gas exports, despite being one of the world’s largest producers.

“This is an opportunity for the Albanese government to implement progressive patriotism and put the interests of Australian households and businesses ahead of gas industry greed.

On this episode of Dollars & Sense, Greg and Elinor discuss the latest World Economic Outlook from the International Monetary Fund, the latest trade spat between the United States and China, why fewer Australians are travelling to America, and the Australian Government’s backdown over superannuation.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via the Australia Institute website.

This discussion was recorded on Wednesday 15 October 2025.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

The IMF reckons the global economy remains ‘in flux’, but the Trump effect is real – and Australians aren’t fooled by Greg Jericho, Guardian Australia (October 2025)

Environment Minister Murray Watt is known as Labor’s political “fixer” – Australians have given him the opportunity to fix something for us, and our planet.

The Environment Protection and Biodiversity Conservation Act (EPBC) was enacted in 2000 as the country’s first attempt at a holistic approach to balance the desire for growth with the need for environmental protection.

At the same time, the world was beginning global efforts to reduce emissions and stabilise the climate.

The Howard government failed to integrate action on climate with protecting and restoring nature. It was a failure repeated by successive governments.

The original EPBC Act did not include a mechanism for dealing with growing emissions and climate change. But Australia had at least signalled its intention to be part of global efforts to stabilise the climate, with then-environment minister Robert Hill signing the Kyoto Protocol in 1997.

Hill always stuck to his guns on the environment. At a fossil fuel-sponsored conference in Canberra, Hill took the floor and, staring down the captains of industry, said: “I have stated many times, and will do so again, that Australia accepts the balance of the scientific evidence which suggests that human activity is accelerating the increase in the Earth’s average temperature.”

It was a backbone not found on this issue with the then-prime minister, John Howard. No doubt under pressure from fossil fuel interests, the PM refused to ratify the Kyoto Protocol, which his environment minister had signed the country on to.

When coal prices hit a record $280 per tonne in 2023, Adani sold Queensland coal to Indian buyers for $100 per tonne, drastically reducing royalty payments to Queenslanders.

The current LNP government abandoned court action to recoup the payments in August this year, a case started by the former Labor government.

“Adani was almost giving coal away at mates rates right at the time when Queenslanders were struggling most with record energy prices in 2023,” said Rod Campbell, Research Director at The Australia Institute.

“Just as the Federal government gives away Australia’s gas resources for free, the Queensland government is now effectively giving away $400 million worth of free coal.

“That $400 million could have tripled the state’s $100 Back to School Boost payment for primary school students or paid for a year’s worth of free school lunches.

“Budgets are about choices, and the Queensland government has to choose between letting foreign-owned fossil fuel companies dodge their payments or whether to spend more on services for ordinary Queenslanders who are struggling.

“After winning the federal election, Prime Minister Anthony Albanese spoke of ‘doing things the Australian way’ and of ‘progressive patriotism’.

“This new research shows that the Queensland government could use a dose of progressive patriotism as well.

“Despite being one of the world’s largest exporters of gas and coal, Australians are paying high prices for energy.

On this episode of Follow the Money, Leanne Minshull and Ebony Bennett discuss the Federal Government’s efforts to push through changes to Australia’s busted environment laws with the support of the Coalition.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via Australia Institute Press.

Guest: Leanne Minshull, co-CEO, the Australia Institute // @leanneminshull

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

This shocking deal is a gross betrayal of millions of voters by Ebony Bennett, The Canberra Times (October 2025)

Top Australian scientists unite in defence of science on Maugean skate, the Australia Institute

On this episode of After America, Elizabeth Pancotti, economic policy specialist and former advisor to Senator Bernie Sanders, joins Dr Emma Shortis to discuss the US government shutdown and how the Trump administration is using it to further consolidate power.

This discussion was recorded on Friday 10 October 2025.

Tickets for America Unravelling, featuring Emma Shortis and Don Watson, on Sunday 19 October at the Queenscliffe Literary Festival are available online.

Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via Australia Institute Press.

Guest: Elizabeth Pancotti, Managing Director of Policy and Advocacy, Groundwork Collaborative // @ENPancotti

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Show notes:

In this current financial year, an estimated $21 billion in superannuation tax concessions will flow to the richest 10% of Australians – more than is spent on either child care subsidies, government schools or the estimated $13.6 billion that it would cost the government to include dental in Medicare.

The proposed changes would only affect around 0.5% of people with superannuation and would have been a very small but vital attempt to redress the gross imbalance in the system.

Australia Institute research shows the vast majority of people under 30 will never have more than $3 million in superannuation.

“The government’s watering down of the changes, by indexing the $3 million with inflation, and ruling out taxing unrealised capital gains will be of great comfort to those who abuse the superannuation system in order to avoid paying tax,” said Greg Jericho, Chief Economist at The Australia Institute.

“The tax system needs reform to make it fairer and to remove distortions such as the capital gains tax discount which has greatly contributed to the housing affordability crisis.

“These changes do little to rein in massive inequality of the superannuation tax system.

“The government’s decision today will embolden those who prefer a tax system that favours the rich.”