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These claims have been dutifully repeated, but a close look at the university’s audited accounts tells a very different story.

To be clear, the numbers signed off by their auditor state that in 2024 ANU recorded a $90 million surplus and increased the value of its net assets.

So, how do you turn a $90 million surplus into a $142.5 million deficit?

Easy. You just exclude nearly a quarter of a billion dollars of revenue that the auditor thought should be included.

By excluding $232.4 million of revenue recognised by the independent auditor, the ANU was able to transform its healthy surplus in 2024 into a “underlying operating deficit.”

Sounds scary, right?

The auditors ticked off on one set of numbers, and the senior leadership waved another set at their staff, students and community in order to justify the spending cuts they want to make.

To be clear, according to the ANU’s audited financial results, it had $3.8 billion in net assets at the end of 2024, compared to $3.7 billion at the end of 2023.

On this episode of Dollars & Sense, Greg and Elinor discuss housing affordability, how so many of Australia’s biggest companies manage to pay zero (0) corporate tax, and how Trump made solving the tax problem that much harder.

Use the code ‘podcast’ to get 50% off tickets to the Australia Institute’s Revenue Summit. Discount available for Dollars & Sense listeners while stocks last.

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 9 October 2025.

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

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

Show notes:

On this episode of Follow the Money, Matt Grudnoff and Ebony Bennett discuss the latest data from the Australian Taxation Office showing that 30 per cent of large corporations paid no company tax in 2023-24 – with the gas, coal, salmon and tech industries among the worst offenders.

Use the code ‘podcast’ to get 50% off tickets to the Australia Institute’s Revenue Summit. Discount available for Follow the Money listeners while stocks last.

Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

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

Show notes:

New government data confirms gas exporters continue to pay no tax, the Australia Institute (October 2025)

Big gas is taking the piss, Follow the Money, the Australia Institute (April 2025)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

On this episode of After America, Antoun Issa joins Dr Emma Shortis to discuss the prospects for a deal that did not include Palestinians in the negotiating process. They also discuss the role of the United States in the Middle East, how power works in foreign policy, and opening up space for a bigger discussion about foreign policy here in Australia.

This episode was recorded on Friday 3 October.

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

Guest: Antoun Issa, Founder, DeepCut // @antounissa

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

Show notes:

Beyond the Two-State Solution: Policy responses to the Destruction of Palestine and the Insecurity of Israel, the Australia Institute (February 2025)

Australians overwhelmingly back sanctions on Israel, new poll finds by Alex McKinnon, DeepCut (October 2025)

The Royal Commission into Robodebt recommended making cabinet documents easier to access under FOI laws, finding the current system thwarted investigations into the scheme.

The Prime Minister himself described Robodebt as a “gross betrayal and human tragedy”, yet his government plans to make cabinet documents harder to access.

This is in direct defiance of the Robodebt Royal Commission’s recommendation to make cabinet documents available for public scrutiny.

“If cabinet documents had been public, the unlawful and cruel Robodebt scheme could have been exposed and prevented. For that reason, the Robodebt Royal Commission recommended making cabinet documents available under FOI,” said Bill Browne, Director of the Australia Institute’s Democracy & Accountability Program.

“The Albanese government wants to make documents even harder to access, in defiance of the Royal Commission, increasing the risk the next Robodebt will happen in secret.”

“The over-use of the cabinet document exemption and other problems with the FOI system are critical reasons why Robodebt was allowed to continue with impunity for so long,” said Maria O’Sullivan, Associate Professor at Deakin Law School.

“The proposed changes to the FOI Act will actually expand the cabinet exemption even further.”

The new research also reveals that it is government inefficiency, not the number of requests, behind the growing cost of the FOI system.

Someone did, however, in that very same talkback segment. Phyllis rang in to say she did want to complain, because she wanted to retire and downsize, but property prices were growing so fast that she was worried about buying and selling in the same market – even if it was a smaller property.

Howard told her she was wrong.

“You’re not actually complaining. What you’re really saying is the value of a house hasn’t gone up enough,” he said.

Phyllis was having none of it: “No, no, no. I disagree. I think that it is ridiculous that the inflation of the housing prices … what about our grandchildren?”

Phyllis was right. Because while she complained, in late 2003, about people having to spend “$500,000 … on some broken-down old dump”, the median house price for her grandchildren – assuming they live in Queensland – is now $977,300.

The government knew house prices were a problem then, and it knows they are a problem now.

And just like Howard, who was told by the Productivity Commission in 2004 – in a briefing prepared for his cabinet – that an urgent review of his capital gains tax changes was needed to arrest the jumps in the housing market, every single government has only made short-term changes that ultimately make the situation worse, rather than get to the root cause. And they are STILL doing it.

In 2003 Howard blamed low interest rates for rising house prices, as people could afford to borrow more.

ATO data reveals:

• Santos Limited has racked up a 10th straight year of zero corporate tax payments from a total of nearly $47 billion in sales.
• Darwin’s Ichthys LNG Pty Ltd paid zero corporate tax for the 6th year running, from a total of $43 billion in sales.
• Petroleum Resource Rent Tax (PRRT) revenue has hit a 3-year low, down to $1.5 billion from a peak of $2.0 billion in 2021-22.

“The new tax data shows, yet again, that big gas is taking the piss out of Australians,” said Rod Campbell, Research Director at The Australia Institute.

“It beggars belief that a company like Santos can spend a decade selling almost $50 billion worth of gas and not pay a cent of tax on it.

“Japanese ambassadors and executives see fit to lecture Australia on energy and tax policy, while Japanese entities like Ichthys pay zero company tax and zero PRRT.

“PRRT revenue was lower in the latest year of data (2023-24) even though production and prices were high and a Labor government had been in power for over a year.

“Australia Institute research shows that over the 10 years to 2023-24, nurses paid $7 billion more in tax than did the oil and gas companies. How’s that fair?

On this episode of Dollars & Sense, Greg and Elinor discuss whether Emirati supermarket chain Lulu will take on Colesworth, the Reserve Bank’s decision to keep rates on hold, Trump’s unworkable tariffs on foreign films, and how the government could actually address the housing crisis.

Use the code ‘podcast’ to get 50% off tickets to the Australia Institute’s Revenue Summit. Featuring Hon Steven Miles MP, Senator Larissa Waters, Senator David Pocock, Dr Kate Chaney MP, Greg Jericho and more, the Summit is on Wednesday 29 October at Parliament House in Canberra. Discount available for Dollars & Sense listeners while stocks last.

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 2 October 2025.

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

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

Show notes:

Save Tuvalu, Save The World can now be viewed publicly on YouTube.

In tiny, idyllic Tuvalu, there are no climate deniers. It’s impossible to deny what’s happening before your very eyes.

Sea water is pushing up through the land, destroying traditional crops and making the water unfit to drink. High tides are inundating the country, flooding the main island’s only airport, cutting Tuvalu off from the world.

“Tuvalu is ground zero for the global climate crisis,” said Stephen Long, filmmaker and Senior Fellow and Contributing Editor at The Australia Institute.

“No nation is more vulnerable than this small Pacific country.”

Save Tuvalu, Save The World looks at climate change through the eyes of those experiencing the consequences of climate change in their everyday lives, including young climate campaigner Gitty Yee, who visited Australia last week for three sold-out preview screenings of the documentary.

“I see myself as a climate warrior,” Gitty says.

“I fight for my country, and I fight for what we believe in. I fight for our right to live, our right to prosper, for our future generations.”

From Senate Committee hearings to interviews, as well as reacting to everything going on in the news, check out a few highlights of our impact!

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

Audited accounts show that the ANU generated a $90 million surplus in 2024 and increased the value of its net assets.

However, the ANU’s leadership declared an ‘underlying operating deficit’ of $142.5 million in 2024.

This was by dismissing a lot of the revenue items recognised by the Auditor.

Analysis shows that to get from the audited surplus of $89.9 million to an unaudited deficit of $142.5 million, $232.4 million revenue has been left unaccounted for.

“If an organisation – as opposed to its auditors – chooses to ignore nearly one quarter of a billion dollars in revenue then the organisation’s financial result will appear one quarter of a billion dollars worse,” said Dr Richard Denniss, co-CEO of The Australia Institute.

“Our paper outlines items the auditor included, and that the ANU leadership rejected. It shows any argument that the ANU is in an unhealthy financial position is flimsy.

“If we believe the auditor, there is no crisis at the ANU.

“To be clear, as a government owned, not-for-profit entity, the ANU is under no pressure to maximise its profits so that it can maximise dividends paid to shareholders.

“On the contrary, when the ANU made a surplus of $89.9 million in 2024 it did so by spending less money on its students, staff and community than it received.

On this episode of Follow the Money, Dr Emma Shortis and Glenn Connley discuss Anthony Albanese’s major diplomatic tour, the US Defense Secretary’s concerning warning to his top brass, and why the Trump-Netanyahu peace plan seems “doomed to fail”.

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: Glenn Connley, Senior Media Advisor, the Australia Institute // @glennconnley

Show notes:

After America, the Australia Institute

The list has been compiled by Dr Frank Yuan, Postdoctoral Fellow at The Australia Institute, who insists China is far less mysterious and scary than most Australians might think.

In fact, he says, beyond daily news references to China’s economic and military power, there are countless stories of successful Chinese business tycoons, entertainers, journalists, academics and government officials – many with deep connections to the west.

There’s the tech mogul who flew too close to the sun, the “wolf warrior” journalist who once described Australia as “chewed gum stuck on China’s boot” and the global pop star who could teach Taylor Swift a thing or two.

The paper – Today’s China in Seven Life Stories – urges Australian to get to know the woman behind the face on the label of their favourite chili sauce, the energy tsar helping transform China into a renewable energy superpower and the theoretician who’s shaped China’s foreign outlook under three Presidents.

“China is a surprisingly cosmopolitan society. It is full of countless rags-to-riches stories as part of the astounding economic development it has experienced since the 1980s,” said Dr Frank Yuan.

“Many Chinese elites have not only visited western countries, but even educational or professional connections with them. Increasingly, popular culture in China is also becoming part of the globalised pop culture.

The Australia Institute board is pleased to announce Leanne Minshull has been named as co-Chief Executive Officer.

Leanne will be working in the role alongside Dr Richard Denniss, who will also serve as co-Chief Executive Officer.

Formerly the Institute’s Strategy Director, Leanne has built an extensive network across political, advocacy, and business communities, working as a senior strategist in social, environmental, not-for-profit, and political sectors.

Quotes attributable to Australia Institute Board Chair, Dr John McKinnon:

“The board is thrilled to have such capable and experienced leaders within the Institute, and under the leadership of Richard and Leanne we can ensure we remain effective as we continue to grow.

“The Australia Institute is nation’s most consequential think tank, and with more than 50 staff working on multiple projects and initiatives, we are one of the country’s most high-impact organisations.

“We look forward to the next chapter in the Institute’s development and our growing role in helping shape the future of the nation.”

Quotes attributable to Australia Institute co-Chief Executive Officer, Richard Denniss:

“I am thrilled Leanne has agreed to take on the role of co-CEO.

“Leanne brings a wealth of experience to the organisation, through decades of working to make Australia a fairer place across politics, policy, and advocacy.

In the Pacific island nation of Tuvalu, sea water is being pushed up through the land, destroying traditional crops and making water unfit to drink. Tuvalu’s low-lying islands and atolls could become unliveable within decades, and without urgent action, it is a fate that could be shared by other Pacific nations, and Indigenous people in the Torres Strait islands.

A new documentary highlighting the devastating impact of climate change on the Pacific Island nation of Tuvalu has been previewed in Melbourne, Sydney and Canberra. Save Tuvalu, Save the World is presented by Walkley Award-winning journalist and former ABC Four Corners reporter Stephen Long, and tells the story of a country on the frontline of rising seas.

The screenings drew strong interest from audiences keen to better understand the human consequences of global warming. Each event featured a Q&A session with Long and climate campaigner and Tuvalu resident Gitty K Yee, who shared personal insights into the challenges Tuvaluans face. In Sydney, the discussion also included City of Sydney Councillor Jess Miller, adding a local perspective on climate action.

Greg Jericho, Chief Economist at The Australia Institute, describes the decision as “very cruel”, ensuring more pain for those struggling with high mortgage repayments and more job losses.

He says all the key economic data supported another interest rate cut, which would have given them much-needed relief after three years of pain.

“The Reserve Bank has once again chosen to be content with rising unemployment,” said Greg Jericho, Chief Economist at The Australia Institute.

“While there have been some signs of improved household spending, the major reason for the increase has been the recent interest rate cuts, rather than an underlying strength in the economy.

“The last recent GDP figures showed the economy still growing at barely half the long-term average, while unemployment has been rising steadily for all of this year.

“The opportunity to lock in unemployment at 4% is fast disappearing due to the Reserve Bank believing there needs to be more people unemployed in order to keep inflation below 3%.

“For those Australians forced to live in poverty on Jobseeker, this is a very cruel decision.”

On this episode of After America, Charlie Lewis joins Dr Emma Shortis to discuss the apparent obsession of Anthony Albanese’s opponents with that bilateral meeting, the transformation of the Republican Party under Trump, and how Australia’s political landscape is being influenced by MAGA.

This episode was recorded on Thursday 25 September.

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

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

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

Show notes: 

Welcome to the new McCarthyism by Charlie Lewis, Crikey (September 2025)

Theme music: Blue Dot Sessions

If you believe the markets, there won’t be an interest rate cut after this week’s Reserve Bank meeting.

You’re likely to hear a bunch of reasons but missing from them is the most important one: The RBA has no confidence in what inflation is going to do and it is continually worried that it is about to shoot up.

In the past, the RBA has been confident in its inflation predictions. It needed to be.

The impact of interest rates on the economy takes time and you need to set them for where you think inflation is going to be in six to 12 months, not where they have been in the past.

But in the past decade, the central bank has made some spectacular mistakes about movements in inflation. The biggest was former Governor Philip Lowe saying interest rates wouldn’t rise until at least 2024.

He then had to rapidly increase them in 2022.

To be fair to Lowe, he did have some caveats on that prediction. But the public, including the media, largely took it as a promise.

The RBA was also caught out before the pandemic, keeping interest rates too high because it thought inflation was about to increase. It never did and the subsequent Reserve Bank review criticised it for that inaction.

Both of these episodes highlight that the RBA has misunderstood the main drivers of inflation.

This seems to have shaken it, and instead of looking forward with confidence, it is looking behind in fear.

The Wrap with Matt Grudnoff

This week, we published important research that looked at terrible flaws in the GST that are costing Australians billions of dollars in important government services, like health, education, housing, and infrastructure.

When the GST was introduced, it was promised to be a growth tax that would help make the states and territories financially independent. But growth in the GST has not kept up with the rest of the economy. The slow growing GST means less revenue flowing to the states and territories, forcing cost cutting to essential public services.

This slow growth is expected to continue, costing the states and territories $26 billion this financial year and a staggering $122 billion over the next four years.

Short-changing the states and territories is having real impacts on the vital government services they provide. Shortfalls in funding of health, education, and other vital public services are commonplace across Australia.

The slow growth in the GST is caused by rising inequality, which is driving less spending on things that are subject to the GST. For example, the housing affordability crisis means people are spending more on rent and mortgage repayments, which means they have less money to spend on things that are subject to the GST.

On this episode of Dollars & Sense, Greg and Elinor discuss Jim Chalmers vs red tape, what the latest inflation data could mean for the November rates decision, and how governments could ensure GST revenues keep up with economic growth.

Tickets for our Revenue Summit at Parliament House in Canberra, featuring Hon Steven Miles MP, Senator Larissa Waters, Senator David Pocock, Dr Kate Chaney MP, Greg Jericho and more – are available now. You can buy second release tickets for just $109 via our website.

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 25 September 2025.

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

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

Show notes:

Today, at the United Nations, the governments of Colombia and Vanuatu are publicly announcing a plan to host the First International Conference for the Phase-Out of Fossil Fuels in April, 2026.

Australia Institute research has, for many years, proved that the best way to limit the devastating impact of climate change is to phase out the burning of fossil fuels.

The Australia Institute welcomes this long-overdue news.

“Many UN treaties began from countries working outside the formal process, building momentum until the formal processes finally, sometime begrudgingly, adopted them,” said Leanne Minshull, co-Executive Director at The Australia Institute.

“My hope is that this announcement, this week is the beginning of the end for Australia’s – and the world’s – fossil fuel industries.

“Australia has an opportunity to show genuine climate leadership, and support Vanuatu and Colombia’s process for a global phase out of fossil fuels. Missing this opportunity would expose our bid to host COP31 in late 2026 as an exercise in greenwashing rather than real action.

“The Australia Institute has been working to phase out fossil fuels for decades. We launched our No New Coal Mines work at the 2015 Paris COP meeting, supported by then-President of Kiribati, Anote Tong.”

On this episode of Follow the Money, Australia Institute Executive Director Richard Denniss joins Ebony Bennett to discuss the National Climate Risk Assessment, the Government’s new emissions reduction targets, and its disastrous decision to approve the North West Shelf gas expansion.

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

Guest: Richard Denniss, Executive Director, the Australia Institute // @richarddenniss

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

Show notes:

Labor’s 62 to 70% climate target does not align with the science, but can be met by phasing out fossil fuels, the Australia Institute (September 2025)

Devastating climate risk assessment shows fossil fuel exports must end, the Australia Institute (September 2025)

This is a similar line to the one often used by Prime Minister Anthony Albanese and Energy Minister Chris Bowen, suggesting Australia needs more gas to underpin the nation’s electricity supply.

Australia Institute research, using the government’s and the gas companies’ own data, proves this is simply not true.

Australia has so much gas that it exports most of it, royalty-free, overseas. Even then, there is enough uncontracted gas to comfortably supply all of Australia’s domestic and manufacturing needs.

The analysis shows that so-called shortages are the result of too much gas being exported, not a shortage of gas coming from underground.

There’s also significant data to show that batteries are a  lower-cost alternative to gas for firming renewables.

The brouhaha over Donald Trump’s latest attack on a journalist for doing journalism (this time the excellent John Lyons) rather overshadowed it, but Anthony Albanese’s trip to Papua New Guinea made one thing undeniably clear.

The Pacific has lost patience with Australia.

This is not new, nor particularly earth-shattering as analysis. But it does pose larger questions for Australia moving forward, as the old ways of doing business with our regional neighbours no longer cut it.

One reason Australia has always been so clumsy in its dealings with the Pacific is that it only ever views the Pacific in terms of defence.  What can the Pacific do for Australia? Who doesn’t Australia want on its doorstep? What does Australia have to do to ensure the defence of the region?

Defence, of course, has its place. But the Pacific is a diaspora of cultures and people who do not exist to serve as pawns in Australia’s defence strategies with the United States. And yet, in our dealings with the Pacific, that is always the frame.

Papua New Guinea not signing an agreement Albanese visited the nation to sign, on the back of Vanuatu also withholding its agreement on a separate deal makes very, very clear the Pacific has run out of patience with us.

On this episode of After America, Allan Behm joins Dr Emma Shortis to discuss the MAGA movement’s weaponisation of Charlie Kirk’s murder, why no Trump meeting might be the best outcome for Anthony Albanese, formal recognition of Palestine, and Australia’s disastrous fortnight of Pacific diplomacy.

This episode was recorded on Monday 22 September.

‘Save Tuvalu, Save the World’ is our September Politics in the Pub – join us at 6.30pm on Wednesday 24 September live in Canberra or via the livestream.

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

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

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

Show notes:

Jimmy Kimmel’s cancellation is the latest sign we’re witnessing the end of US democracy by Emma Shortis, The Conversation (September 2025)

Hundreds of live music venues have closed. A string of once-popular festivals have been cancelled. Australia’s artists continue to be desperately underpaid.

The cost-of-living crisis has left our creative sector for dead, despite 73% of Australians saying the arts had improved their quality of life during the pandemic.

Art pays its way. It doesn’t just create joy and happiness for Australians and overseas visitors; it creates jobs and economic growth – on a shoestring budget compared to other industries.

The Australia Institute has written a submission to the NSW government ahead of its Art of Tax Reform summit next week.

Key recommendations:

• Collect tax properly to pay for arts funding.
  • Lobby the federal government to reform the GST so it keeps up with economic growth, as it was originally designed to do.
  • Increase coal royalties and end fossil fuel subsidies in NSW.
• Introduce Youth Cultural Passes, similar to the $200 Dine & Discover vouchers during COVID.
• Introduce a Book Bounty, like the national bounty which was scrapped by the Howard government after 28 successful years.
• Make art prizes and grants tax free.

“The cost of living crisis has had a devastating impact on the arts,” said Skye Predavec, Anne Kantor Fellow at The Australia Institute.

On this episode of Dollars & Sense, Greg returns from his holiday to talk about the National Climate Risk Assessment reveals about the future of the Australian economy. Plus: the tricky task of measuring inflation for sectors like health and aged care and why the government’s wellbeing budget is falling flat.

Tickets for our Revenue Summit at Parliament House in Canberra, featuring Hon Steven Miles MP, Senator Larissa Waters, Senator David Pocock, Dr Kate Chaney MP, Greg Jericho and more – are available now.  You can buy second release tickets for just $109 via our website.

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

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

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

Show notes:

National Climate Risk Assessment, Australian Climate Service

On this episode of Follow the Money, former Labor Senator for New South Wales Doug Cameron speaks about the Australia-US relationship, the “madness” of AUKUS, and how the federal government can prepare for peace – not war.

The 2025 Laurie Carmichael Lecture was delivered on Wednesday 10 September and presented by the Carmichael Centre at the Australia Institute’s Centre for Future Work.

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

Guest: Doug Cameron, former Labor Senator for New South Wales // @DougCameron51

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

Show notes:

Today marks one year since the publication of the first Tasmanian State of Environment Report in 15 years.

This report provides critical health checks for Tasmania’s environment, which is fundamental to Tasmanians’ health and their economy.

The Tasmanian Government has had more than 12 months to address the threats the environment is facing, and based on the available information, nothing has changed.

The report raised the alarm for an environment in decline and facing multiple threats.

It found the majority of environmental indicators were ‘getting worse’ – ranging from deteriorating beaches and rapid native vegetation loss to the increase in animals and plants threatened with extinction.

Over a third of indicators are now classified as in ‘poor condition’, including Tasmania’s native bird populations.

The government agreed to prioritise developing a long-term vision and strategy for Tasmania’s environment, as recommended by the Tasmanian Planning Commission, to safeguard the long-term environmental health of the state.

It also agreed to prioritise developing an environmental data strategy, to assess which environmental laws need reform, and to improve native vegetation mapping and information.

“Without adequate government investment, the state’s iconic natural assets will continue to degrade, which will likely have a damaging effect on the state’s economy, employment and the health of Tasmanians,” said Eloise Carr, Director of The Australia Institute Tasmania.

The assessment describes “severe” risks to defence and national security; regional, urban and remote communities; health and the environment; as well as “very high” risks to the economy and food production.

These include:

• 1.5 million Australians living along the coastline would be under threat of rising sea levels by 2050.
• Deaths caused by heatwaves will soar by more than 400% in places like Sydney and Darwin.
• 63 “nationally significant” climate risks identified, including threats to social cohesion, supply chains and essential services.

Australia Institute research shows burning fossil fuels (coal, oil and gas) compromises the fundamental systems underpinning Australia’s security, wellbeing and prosperity.

Coal and gas exports from Australia are also playing a major role in the destruction of the world’s climate, and climate change is having a devastating impact on Australia’s neighbours in the Pacific.

“Coal and gas exports from Australia are playing a major role in destroying the world’s climate, with devastating consequences for all the systems underpinning the security, wellbeing and prosperity of Australians,” said Richard Denniss, Executive Director of The Australia Institute.

“Climate change is making fires, floods and heatwaves more frequent and extreme. This isn’t just devastating in itself; it is driving our insurance premiums through the roof and making many homes uninsurable.

On this episode of After America, Dr Emma Shortis and Angus Blackman discuss the assassination of Charlie Kirk, Elon Musk’s latest foray into global far-right politics, and the devastating impact of Robert F Kennedy Jr’s ‘Make America Healthy Again’ agenda.

This episode was recorded on Monday 15 September.

After America: Australia and the new world order by Emma Shortis and Dead Centre: How political pragmatism is killing us by Richard Denniss are available now via the Australia Institute website.

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

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

Show notes:

Charlie Kirk Didn’t Shy Away From Who He Was. We Shouldn’t Either by Jamelle Bouie, The New York Times (September 2025)

On the Mindless Menace of Violence, Robert F. Kennedy (1968)

There’s a huge difference between the symbolism of poor optics and the substance of poor strategy.

There’s no doubt appearing in a group photo that included dictators Kim Jong Un and Vladimir Putin was poor optics for Dan Andrews (perhaps why Bob Carr chose to skip it).

Barnaby Joyce responded by urging Andrews “don’t come home”, and The Australian wrote about “how Andrews and Carr became Xi’s ‘useful idiots'”.

But in the end the photo was pure symbolism; Daniel Andrews appearance in it poses no threat at all to the security of Australians.

While the political establishment spent a lot of effort finger-wagging at a photo, they missed the significance of massive strategic transition that we’re watching happen in real time.

The Australia Institute’s Allan Behm once wrote that the greatest strategic risk to Australia was “the political and social collapse of the United States of America”, because America’s strategic collapse would follow. If as many front pages or column inches had been devoted to the security implications of Australia’s biggest military ally rapidly descending into outright authoritarianism as the supposed threat from China, perhaps Australia would be in a better position.

The decline of the United States has been rapid. Australia is unprepared for the fallout.

President Donald Trump is deploying the military against the civilian population in Democrat-run cities like Chicago and Los Angeles.

It marks the greatest giveaway of Australian resources ever and will undermine the nation’s energy security, while driving up energy prices.

Environment Minister Murray Watt has not provided details of the conditions on Woodside to protect the ancient, priceless Murujuga rock art or how much Woodside succeeded in watering down those conditions during 12 weeks of secret negotiations. However, it is clear that acid gas emissions from the project will continue corroding Murujuga until 2070.

Massive emissions

The approval will add around 90 million tonnes of emissions to the atmosphere annually, equivalent to building 12 new coal power stations.

Undermine energy security

The extension allows Woodside to export enough gas to supply Western Australia for around 90 years, despite WA facing looming gas shortages and price increases. Analysis here.

The Wrap with Amy Remeikis

The world is at a crossroads and so far, Australia is reacting by sticking its head in the sand and pretending nothing is changing.

Leaders from across the globe are about to meet at the 80th UN General Assembly, in a nation which has cancelled the visas of Palestinian Authority delegates, is disappearing people off its streets, carrying out extrajudicial death sentences in its waters, and openly threatening war.

These are not normal times. Pretending they are, is part of what got us here in the first place.

The meeting will kick off on Tuesday, when the incoming president, Annalena Baerbock, a former German foreign affairs minister, will outline her agenda which runs until September 8 next year. She is taking the reins at a time where the UN director at the International Crisis Group, Richard Gowan, says “illusions have been rather stripped away” about the world, and how people feel about its leaders. “It’s now very, very clear that both financially and politically, the UN faces huge crises,” he said.

“Now the question is, is there a way through that?”

And indeed, what role does Australia play in that?

Australia is part of the nations who have agreed to give conditional recognition to Palestine, but it remains unclear at this point what that will look like at the meeting.

On this episode of Dollars & Sense, Matt tells Elinor about the massive class action lawsuit settlement the Government made with the victims of Robodebt, Labor potentially getting cold feet on superannuation tax concession reform, and what they both tell us about how Australia views our poorest and wealthiest people.

This discussion was recorded on Thursday 11 September 2025 and things may have changed since recording.

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

Host: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

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

Show notes:

The Australia Institute Revenue Summit 2025

‘The changes to superannuation tax concessions are needed and very fair’ by Greg Jericho, the Australia Institute (May 2025)

The proposed park ends native forest logging on the land and creates a vast sanctuary for koalas and 66 other threatened species.

But it’s always best to read the fine print and understand the Ts&Cs. In this case, they reveal a diabolical trade off.

The native forest will only be saved from logging if the government can monetise it as “carbon credits”.

“The final creation of the park is dependent on the successful registration of a carbon project,” the government makes abundantly clear.

It wants the Clean Energy Regulator to let it generate carbon credits, it seems, from a national park – an unprecedented step. If it can’t, the government says the vast koala sanctuary on the state’s mid north coast won’t go ahead.

Why is this demand a worry?

The NSW plan would only protect forests if they were monetised in ways that support continued carbon emissions.

Carbon credits are a license to pollute. If the NSW government is allowed to generate carbon credits from native forests earmarked for the great koala park, the most likely buyers would be big greenhouse gas emitters.

Under Australian law, these businesses can keep extracting and burning fossil fuels provided they “offset” their emissions by buying Australian Carbon Credit Units or ACCUs.

That’s how Woodside justifies its plans to open up new gas fields and process export gas on the North West Shelf until at least 2070 – with federal government approval.

Woodside Energy is apparently baulking at strict new limits on nitrous oxide emissions the Albanese government wants to impose on its massive gas project to protect the ancient Indigenous rock art at Murujuga in WA.

The emissions limits are the “major sticking point” in the way of final approval for Woodside’s North West Shelf gas development, according to the AFR Rock art protections behind Woodside North West Shelf gas project delay.

Which begs the question: why is this a negotiation?

It tells you a lot about who wields power in Australia that Woodside is being allowed to haggle in secret over the conditions.

In May, Environment Minister Murray Watt gave provisional approval to a 45-year extension of the oil and gas giant’s liquid natural gas export hub on the Burrup, and an associated gas power plant.

This was subject to “strict conditions” – but they were never made public.

Supposedly, the secrecy was imposed to provide “procedural fairness” to Woodside. The gas giant was given 10 days to respond. It missed the deadline.

Four months later, the conditions are still cloaked in secrecy – and Woodside is still chipping away at them behind closed doors. So much for transparency.

Woodside’s gas facilities are adjacent to what many experts consider the most significant Indigenous rock art site in the world: The Murujuga Cultural Landscape.

Scandals have wracked Bell’s tenure, and a variety of surveys have shown widespread dissatisfaction with the ANU’s current leadership.

But the problems at the ANU are systemic.

They will not be solved with the departure of any one figure. Indeed, the governance crisis at Australia’s universities is sector-wide. In May, Dr Joshua Black and I wrote that the ANU’s rolling crises were predictable because they stem from its flawed governance structure.

Like all of Australia’s universities, the ANU lacks effective mechanisms for transparency, accountability, and representation. Every new scandal the sector has seen in the last four months is further proof.

The core problem is a vacuum of accountability. In the university sector, no one is held responsible for failure, at least no one at the top.

While vice-chancellors have CEO-like million-dollar pay packets, the university councils they answer to do not face nearly the same scrutiny as a public company’s board of directors.

It describes changes in other jurisdictions as “rushed, self-interested and poorly justified”.

The Australia Institute submission also warns that rules on early voting, roadside election signage and a 100-metre exclusion zone for handing out how-to-vote cards could undermine election day as a “festival of democracy” in the very heart of the nation’s democracy.

Research shows that a “reimbursement” model for public funding, as recommended by the ACT Electoral Commission, would favour wealthy incumbents at the expense of new entrants.

On this episode of Follow the Money, transparency advocate Rex Patrick and Australia Institute Democracy & Accountability Director Bill Browne to discuss the failing freedom of information system and why the proposed changes could make government less transparent – not more.

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

Guest: Rex Patrick, former Senator for South Australia // @mrrexpatrick

Guest: Bill Browne, Democracy & Accountability Director, the Australia Institute // @browne90

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

Show notes:

Proposed changes to Freedom of Information scheme don’t add up, the Australia Institute (September 2025)

The analysis finds that the costs of climate change to local councils – such as repairing roads, drainage, parks and community facilities after floods, storms, and fires – are increasing far faster than local government revenue.

The insured costs of climate change are now 12 times higher than 20 years ago, while local government revenue is only three times higher.

The findings support calls for the release of the National Climate Risk Assessment, which contains important data for councils to prepare for the impact of climate change.

On this episode of After America, Maskym Dotsenko and Illya Kletskovskyy, the Director General and Deputy Director General of the Ukrainian Red Cross, join Allan Behm to discuss the impact of the Russian invasion on Ukrainians, the role of Red Cross in armed conflict, and the importance of international humanitarian law in saving lives and reducing suffering.

This episode was recorded on Thursday 4 September.

After America: Australia and the new world order by Emma Shortis and Dead Centre: How political pragmatism is killing us by Richard Denniss are available now via the Australia Institute website.

Guest: Maskym Dotsenko, Director General, Ukrainian Red Cross Society // @MaksymDotsenko

Guest: Illya Kletskovskyy, Deputy Director General, Ukrainian Red Cross Society

Host: Allan Behm, Special Advisor, International & Security Affairs, the Australia Institute

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

Show notes:

This week we heard Liberal leader Sussan Ley demanding Anthony Albanese show “leadership” to repair social cohesion. Leadership, in the Coalition’s opinion, is conflating peaceful anti-genocide protests and marches with what we saw last weekend, where neo-Nazis were platformed on the national stage.

That is not showing “leadership”. But it is in the tradition of the Coalition, which has spent the past decade refusing to acknowledge the growing threat of the far-right in Australia – right down to then home affairs minister Peter Dutton declaring “you can use left-wing to describe everybody from the left to the right” in response to a 2020 speech from ASIO director-general Mike Burgess warning right-wing extremism was on the rise. Burgess didn’t reference left-wing extremism, but Dutton still took aim at “left-wing lunatics”.

That same year, reporting partly based on the ASIO threat assessment briefing indicated right-wing extremists represented a third of all ASIO domestic investigations, with security agencies sounding the alarm that the Covid response was being used to recruit new members to far-right causes.

On this episode of Dollars & Sense, Matt and Elinor discuss the Australia’s latest economic growth data, Trump’s threat to hit countries with digital taxes with extra tariffs, and this week’s political fight over aged care.

Early bird tickets for our Revenue Summit at Parliament House in Canberra – Hon. Steven Miles MP, Senator David Pocock, Kate Chaney MP, Greg Jericho and more – are available now.  You can buy tickets for the early bird price of $99 – available for a limited time only.

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

This discussion was recorded on Thursday 4 September 2025.

Host: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

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

Show notes:

On this episode of Follow the Money, Clive Marshall, former CEO of the Press Association (UK), and Emma Cowdroy, Acting CEO of Australian Associated Press, join Australia Institute Executive Director Richard Denniss to discuss artificial intelligence and the news.

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

Keep up with everything that’s happening at the Australia Institute by subscribing to our newsletter.

Guest: Clive Marshall, former Chief Executive Officer, The Press Association (UK)

Guest: Emma Cowdroy, Acting CEO, Australian Associated Press

Host: Richard Denniss, Executive Director, the Australia Institute // @richarddenniss

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

Show notes:

Media and Democracy, the Australia Institute

The latest FOI annual report from the government shows that:

• During the first two years of the Albanese government, there were about 21,000 requests determined per year – the lowest since the Gillard government (20,000 requests in 2010–11).
• But in 2010–11, the total cost of administering the FOI system was $36 million – compared to $70 million in 2022–23 and $86 million in 2023–24.
• Determining half again as many FOI requests (34,000) only cost the Howard Government $25 million to administer in 2006–07.

Australia Institute research into freedom of information laws found:

• There were considerable delays with the FOI system, both in the processing of requests and the review of FOI complaints.
• The FOI system did not meet community expectations.
• Government ministers and officials were delaying and obfuscating releasing FOI information.

Polling research from the first term of the Albanese government found that:

It‘s been revealed that Santos’ Darwin LNG gas export terminal has been leaking large amounts of climate-destroying methane gas for 20 years – and gas companies and governments have failed to act.

This confirms The Australia Institute’s long-held concern that methane emissions are grossly underestimated and Australia’s regulators have been captured by the gas industry.

The reporting confirms that despite all relevant regulators and governments knowing about the leaks, the emissions will continue to go unreported and will not be included in Australia’s greenhouse gas reporting. Incredibly, Santos will be allowed to use the leaking tank until 2050 without fixing it.

It further confirms that the Northern Territory EPA (NTEPA), the CSIRO, the Clean Energy Regulator (CER), the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), and NT WorkSafe all knew about the leak – and did nothing.

Santos will receive all the gas from the Barossa gas field that will feed its leaking Darwin LNG export terminal for free, as the Australian government will not charge it royalties. It is also very unlikely to pay Petroleum Resource Rent Tax and, according to the most recent AT0 Corporate Tax Transparency data, Santos LTD has paid virtually no company tax since 2016.

Believe it or not, in 2025, with Australia’s greenhouse gas emissions from transport at a near-record high, the Productivity Commission is more worried about subsidies for electric vehicles that account for just 1 per cent of the cars on our roads than it is about subsidies for the enormous 4WDs that have come to dominate our suburban streets in the past decade.

At the same time that the commission insists productivity in the housing market requires cutting back “red tape”, it is recommending a climate resilience code that would add regulation to the same industry. Pick a lane, commission people.

Let’s start with cars. The commission has suggested incentives for electric vehicles, such as the fringe benefits tax exemption, should be phased out on the basis that they “distort the market”.

That makes as much sense as arguing we should impose the GST on fresh food because it distorts the market – when distorting the market was the whole point of the tax break.

Economics 101 says we should tax things we want less of and subsidise things we want more of.

If the commission doesn’t think we should have more EVs on the roads, it should say so. But arguing that we should remove subsidies for EVs because they are working as intended is simply absurd.

But the real problem with the PC’s pogrom against EV subsidies is its lack of consistency.

“Trust, it is constantly observed, is hard-earned and easily dissipated. It is valuable social capital and not to be squandered.

“If there are no guarantees to be had, we need to place trust with care. This can be hard. The little shepherd boy who shouted ‘Wolf! Wolf!’ eventually lost his sheep, but we note not before his false alarms had deceived others time and again. Deception and betrayal often work.

“Traitors and terrorists, embezzlers and con artists, forgers and plagiarists, false promisers and free riders cultivate then breach others’ trust. They often get away with it. Breach of trust has been around since the Garden of Eden – although it did not quite work out there.

“Now it is more varied and more ingenious, and often successful.”

Modern politics has created the perfect storm for a lack of trust in government and, by association, fractures in our society and the “social cohesion” our politicians hold up as reason, excuse and driver.

One of the ways they destroy trust is through secrecy and half-truths.

The Labor government has still not released the National Climate Risk Assessment analysis, which has been described by those who have seen it as “dire and “extremely confronting” as it continues to obfuscate on setting its 2035 climate target.

On this episode of After America, Professor Elizabeth Saunders from Columbia University joins Dr Emma Shortis to discuss the extreme volatility of this administration’s foreign policy and how Trump is breaking down the guardrails of American democracy.

This episode was recorded on Thursday 28 August.

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 the Australia Institute website.

Guest: Elizabeth N Saunders, Professor of Political Science, Columbia University // @profsaunders

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

Show notes:

‘Imperial President at Home, Emperor Abroad’ by Elizabeth Saunders, Foreign Affairs (June 2025)