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The Wrap with Greg Jericho

Governments can change the country for the better or worse. Failure to act for 26 years on housing affordability has left many Australians renting for most of their adult lives and led to for the first time since WWII, most Australians in their early 30s not owning their own home.

The path to undoing the damage will be long. But the changes made by the government in the May Budget have had an immediate impact. Finally there is hope that no longer will the housing market be treated as a place to increase wealth rather than a place to find a home to live in and grow a family.

This week it was reported that investor loans by Westpac had fallen 20% in the month, and a property investor bemoaned to a business conference that “these tax changes are a status war. They are killing residential investment and encouraging owner-occupier demand”.

Oh gosh, a government doing something to help home-owners rather than investors?!

Yes, it is possible, and that’s why we keep pushing for changes that make the economy fairer and our society better.

Good policy is a choice, and it’s why we keep pushing for better choices.  

For 26 years, we pushed for housing policy that put people before investors. This year, we finally broke through. We now have reforms that will make housing more affordable by reducing enormous tax concessions that deepen intergenerational inequality.

From our work on the campaign for a 25% tax on gas exports, to the Budget, and more! Here are just a few of our media highlights from May.

The post May 2026 Media Highlights appeared first on The Australia Institute.

On this episode of Dollars & Sense, Greg and Elinor discuss the latest house price data and the ongoing fearmongering around the changes to capital gains tax and negative gearing. Then, Greg shares the positive impact NDIS funding as had on his family – and what it could mean if the government’s proposed cuts pass through the parliament.

This discussion was recorded on Thursday 11 June 2026.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

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

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

Show notes:

For those shedding a tear over house prices falling, these numbers may change your mind by Greg Jericho, Guardian Australia (June 2026)

Dishonest political campaign advertisements – like those falsely claiming a party will introduce a new tax or cut a government service – could be outlawed in time for next year’s NSW election, if a new petition is successful.

The petition to the Legislative Assembly is calling on the NSW Parliament to implement truth in political advertising laws, like those already in place in South Australia.

If the petition reaches 20,000 signatures from NSW residents, MPs will debate the issue in Parliament — opening the door for reforms to be introduced before the next state election, due in March next year.

The petition is an initiative of NSW resident Michelle Millner and The Australia Institute, with independent MLA Jacqui Scruby as its parliamentary sponsor.

Key details:

• 89% of NSW residents support truth in political advertising laws
• Truth in political advertising laws have existed in South Australia for 40 years
• If the petition attracts 20,000 signatures from NSW residents, politicians are required to debate the topic in the NSW Parliament
• The next NSW state election is due on 13 March 2027

“Truth in political advertising is vital to restoring public trust that has been greatly eroded. Without laws around this our democracy is broken,” said lead petitioner Michelle Millner.

On this episode of Follow the Money, recorded live at Politics in the Pub in Canberra, Jane Caro joins Dr Alice Grundy to discuss how Australia came to the most expensive place in the developed world for families to send a child to high school and Jane’s essay for Australia Institute Press, Rich Kid Poor Kid: The battle for public education.

The original conversation was recorded live on 3 June 2026. Stay across all of our events by signing up to our newsletter.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

Guest: Jane Caro, Walkley Award-winning columnist, novelist & author of Rich Kid, Poor Kid: The battle for public education // @janecaro

Host: Alice Grundy, Managing Editor, Australia Institute Press // @alicektg

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

Show notes:

This episode was recorded live on Thursday 4 June.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

Guest: Karina Lester, Yankunytjatjara Anangu woman and International Campaign to Abolish Nuclear Weapons (ICAN) Australia Ambassador

Guest: Leanne Minshull, co-Chief Executive Officer, the Australia Institute // @leanneminshull

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

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

Show notes:

An independent public inquiry into the AUKUS security partnership

ICAN Australia

Polling – Australia, the US and Iran War, the Australia Institute (May 2026)

Australians love a punt, but the house always wins.

We’re the world’s biggest gamblers per capita, and the biggest losers, losing more than $32 billion in bets last year. Yes, the gambling reforms announced by the Albanese government are important, but they are roughly the equivalent of throwing a bucket of water on a bushfire.

Australia Institute research shows the $32 billion Australian households lost to gambling is more than Aussies spend on their electricity and gas bills ($29.5 billion) or alcohol ($26.8 billion). That’s more than $30 billion a year in profit going to gambling companies. Thirty billions dollars a year that’s not being spent in the economy at local businesses down the main street of your city or town, that’s not being spent on food, rent or the basic necessities of life. Can we really afford that, in this economy?

These massive gambling losses are often framed as the tragic but unavoidable cost of doing business, rather than the inevitable consequence of a predatory gambling industry untroubled by regulation.

The Whitlams once sang about blowing up the pokies (a timeless classic no less relevant today), but it’s online gambling that has exploded in recent years.

The poll of 1502 people, conducted by YouGov, also found 8 in 10 voters support the creation of a Whistleblower Protection Authority.

The research, supported by the Human Rights Law Centre and Whistleblower Justice Fund, shows support for better whistleblower protections hit a record high level last year and has increased even further in this new poll.

It comes as the CEO of KPMG Australia quits over his mishandling of a whistleblower request, while the federal government continues to drag its feet on releasing a long-awaited second tranche of whistleblower reforms.

Key findings

On this episode of Dollars & Sense, Greg and Elinor discuss the decision to lift minimum and award wages and what the latest GDP figures mean for Australian households.

This discussion was recorded on Thursday 4 June 2026.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

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

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

Show notes:

Australia’s GDP figures are meaningless when the boom in datacentres means destroying jobs and the climate by Greg Jericho, Guardian Australia (May 2026)

Clouded Future: Managing the risks of the data centre boom, Climate Council (June 2026)

Theme music: Blue Dot Sessions

Recorded live as part of our Australia’s Biggest Book Club webinar series, Antoinette Lattouf joins Ebony Bennett to discuss her landmark legal battle with the ABC and her latest book, Women Who Win: Celebrating courage, conviction and change.

The original conversation was recorded live on 29 May 2026. Stay across all of our events and webinars by signing up to our newsletter.

1800RESPECT is the national domestic, family and sexual violence counselling, information and support service. Call 1800 737 732, text 0458 737 732, chat online or video call via their website.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

Guest: Antoinette Lattouf, journalist and author of Women Who Win: Celebrating courage, conviction and change // @antoinettelattouf

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

Show notes:

On this episode of After America, Dr Emma Shortis and Angus Blackman discuss op-shop submarines, the Democrats’ review of the 2024 election, and Trump’s Iran loop.

This episode was recorded on Monday 1 June.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

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

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

Show notes:

Shorter America: The Iran clown show continues; Trump threatens to bomb an ally (again); Trump doesn’t care by Emma Shortis, The Point (May 2026)

Democrats Can’t Avoid a Reckoning with Gaza by Matt Duss, The Nation (May 2026)

The Wrap with Matt Grudnoff

What we know at The Australia Institute is that change is difficult and hard fought. We have made real progress with Labor supporting these reforms to capital gains tax, negative gearing, and trusts.

But the change hasn’t passed the parliament yet, and vested interests are going to continue to push the Labor Government to water down or scrap these important reforms.

I have covered over a dozen Federal Budgets, and this is the first time I have felt optimistic that housing affordability will get better not worse. Young people deserve to be able to buy a home of their own and have the security that comes with that.

Let’s not let them down.

Photo: AAP Image/Jason O’Brien

The report, published by The Australia Institute today, shows that mining companies use a quarter of the diesel in Australia, enough to fill every big ute in Australia 30 times, 3.4 times more than all agriculture, farming and forestry.

Key points:

• Diesel use in mining has tripled in the last 20 years and is expected to increase into the future.
• Recent reports on BHP shelving plans to electrify its Pilbara mining fleet highlight how slow the mining industry has been to reduce its diesel use.
• Mining companies have little incentive to electrify because their diesel use is subsidised by the Fuel Tax Credits Scheme and they can use unlimited carbon offsets to comply with environmental requirements.
• The Fuel Tax Credits Scheme costs taxpayers over $10 billion per year.

“Australians are being told to catch the bus in the name of fuel security, while the mining industry uses ever more diesel,” said Rod Campbell, Research Director at The Australia Institute.

“Leaked documents from BHP show that the company is in no hurry to switch to electric equipment.

“Miners like BHP are happy to keep using subsidised diesel while the rest of Australia goes through a fuel security crisis.

“The Albanese Government is making this worse, not better.

“The government failed to reduce mining diesel subsidies in the budget, despite being urged to do so by the ACTU, social service agencies and even by a mining company, Fortescue.

On this episode of Dollars & Sense, Greg and Elinor discuss Pauline Hanson’s gas policy announcement, the failure at the heart of Australia’s employment services system, and what the latest inflation data could mean for interest rates.

This discussion was recorded on Thursday 28 May 2026.

Support the research powerful interests fear. Make a tax-deductible donation to the Australia Institute’s End of Financial Year Appeal before 30 June.

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

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

Show notes:

Australians with disabilities copped the biggest cuts in the budget. Yet conservative media’s heart bleeds only for the wealthy by Greg Jericho, Guardian Australia (May 2026)

On this episode of Follow the Money, Martin Thomas from the Alliance for Gambling Reform and Morgan Harrington from the Australia Institute join Ebony Bennett to discuss how Australians came to have the biggest per capita gambling losses in the world, how online sports betting is turbocharging the damage caused by gambling, and the government’s straw man argument about “balance” when it comes to reform.

This episode was recorded on Tuesday 26 May.

If this episode raised issues for you, you can call the National Gambling Helpline on 1800 858 858 for free, professional and confidential support 24 hours a day, 7 days a week. Or visit Gambling Help Online at www.gamblinghelponline.org.au.

If you or anyone you know needs help, you can contact Lifeline on 13 11 14 or online at www.lifeline.org.au.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

Guest: Martin Thomas, Chief Executive Officer, Alliance for Gambling Reform

Guest: Morgan Harrington, Research Manager, the Australia Institute // @mhharrington

On this episode of After America, Guardian Australia journalist Ben Doherty joins Dr Emma Shortis to discuss the likelihood of the Australia ever receiving a nuclear-powered submarine, the “dangerously undemocratic” secrecy around key elements of the AUKUS agreement, and Australia’s significantly changed strategic environment.

This episode was recorded on Friday 22 May.

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

Guest: Ben Doherty, Senior Reporter, Guardian Australia

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

Show notes:

Aukus nuclear submarine base would ‘place a massive target on our backs’, NSW labour union warns by Krishani Dhanji & Ben Doherty, Guardian Australia (May 2026)

“The National Anti-Corruption Commission was founded three years ago with great hope that it would expose federal wrongdoing, but it has so far failed to live up to its promise,” said Bill Browne, Director of The Australia Institute’s Democracy & Accountability Program.

“The next Anti-Corruption Commissioner will have to rebuild public trust. This is best done in the open, so Australians can see the NACC at work – but the existing restrictions on public hearings make that difficult.

“The Albanese Government and the Parliament could set the next NACC Commissioner up for success by allowing public hearings whenever they are in the public interest, as supported by two in three Australians.

“The Australia Institute has identified five ways to restore trust and integrity in the NACC, including removing the government veto in the NACC’s oversight committee and establishing a whistleblower protection authority.”

The post NACC resignation an opportunity for much-needed fresh start appeared first on The Australia Institute.

This budget, and the debate around it, was not just about looming deficits, the need for belt-tightening and why now is the right time for company tax cuts.

For the first time I can remember, this budget was about what kind of Australia we want and how to pay for it.

The lead up to the budget was dominated by a huge public discussion around calls for a 25 per cent gas export tax. And while there was no gas tax in the budget, questions about why the government didn’t implement this no-brainer revenue-raising measure have dogged the Prime Minister and the Treasurer in post-budget interviews.

What was in the budget was a genuine attempt to address the housing crisis through reforms to expensive and unfair tax concessions for capital gains and negative gearing. Not only will this slow growth of house prices, but it will raise revenue for the government.

Prime Minister Anthony Albanese has called on The Australia Institute to be “fair dinkum” about its calls for a 25% gas tax.

Today, The Australia Institute has taken out full-page advertisements in newspapers around the country to remind the Prime Minister that there’s nothing more fair dinkum than getting a fair price for Australian gas to pay for essential services like hospitals, schools, public housing and supporting Australians living with disabilities.

The advertisements remind readers that Australian nurses pay more tax than the gas industry pays.

They also remind Australians that a flat 25% gas export tax would raise more than $17 billion a year for a budget which is forecast to remain in deficit every year to 2029-30.

“I can assure the Prime Minister that The Australia Institute is fair dinkum in our calls for Australians to get a fair return for our gas,” said Dr Richard Denniss, co-CEO of The Australia Institute.

“Mr Albanese’s government chooses to give gas away for free to the gas export companies, gas that could be taxed and raise more than $17 billion per year.“

The Prime Minister is trying to downplay the importance of a gas export tax by calling it a ‘social media campaign’.

On this episode of Dollars & Sense, Greg and Angus discuss why Prime Minister Anthony Albanese said the Australia Institute needs to get “fair dinkum” about gas exports, the post-budget meme-wars over capital gains tax, and the “death tax” scare campaign.

This discussion was recorded on Thursday 21 May 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

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

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

Show notes:

Death, taxes and scare campaigns: here’s the truth about Labor’s budget changes by Greg Jericho, Guardian Australia (May 2026)

Keating backs CGT reforms, says Howard changes made house prices “blast off” by Greg Jericho, The Point (May 2026)

The Australia Institute has taken out a full-page advertisement in today’s Adelaide Advertiser to remind South Australians that Premier Peter Malinauskas’ decision to overturn the state’s ban on gas fracking is not only irresponsible, but also unnecessary.

Co-CEO of The Australia Institute, Dr Richard Denniss, said everyone from former Federal Opposition Leader Peter Dutton to current One Nation MPs in South Australia understand there is no need to extract more gas from South Australia.

“Australia has never had a gas shortage. What we have is a gas export problem,” Dr Denniss said.

“In the past five years, our governments have allowed foreign gas exporters to export enough gas to supply Australia for more than 20 years.

“Just last week the federal government introduced a policy to ensure more Australian gas was kept in Australia.

“A 25% gas export tax would be even more effective in helping Australians. An export tax would see more gas diverted to domestic markets, end the fake shortages, and push gas prices down for Australian households and businesses.

“Not only that. A gas export tax would raise $17 billion a year which could be used to fund essential services for South Australians like aged care, health, housing, and better support for people living with a disability.

“To suddenly reopen South Australia to destructive fracking makes no sense.

On this episode of Follow the Money, Bill Browne joins Ebony Bennett to discuss why the High Court voided Victoria’s undemocratic political donations laws. They examine what this could mean for other jurisdictions and why a principled, transparent approach to political donations reform is needed – not legislation that skews the system in favour of major parties.

This episode was recorded on Tuesday 19 May.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

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

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

Show notes:

Victoria’s donation restrictions are unconstitutional – what happens now? by Bill Browne, The Point (April 2026)

While many Australians are already aware that  multinational gas exporters pay less in PRRT than is raised by beer excise or student loan repayments, last week’s budget also revealed that the government collects significantly more from smokers of legal cigarettes, spirits drinkers and visa applicants.

The PRRT is supposed to ensure Australians get a fair return for the sale of our nation’s natural gas resources.

Next financial year the government expects to collect $6.2 billion from visa applicants, $3.6 billion from smokers, $3.3 billion from spirits drinkers, $2.8 billion from beer drinkers … and just $1.9 billion from the PRRT.

“Once again, the evidence that Australians are being taken for a ride by the gas industry is on full display in the budget papers,” said Dr Richard Denniss, co-CEO of The Australia Institute.

“It’s time the Prime Minister was fair dinkum with Australians.

“Last week Anthony Albanese said that the PRRT revenue was ‘ramping up’, but the budget papers reveal that simply isn’t true. The Prime Minister’s own numbers show that revenue from the PRRT is expected to fall from $1.9 billion next year to $1.3 billion by the end of the decade.

On this episode of After America, Dr Emma Shortis and Angus Blackman discuss the fallout from Donald Trump’s China visit, how Xi Jinping got the commentariat talking about long-dead Greeks, and why Trump’s approval rating is still hitting new depths.

This episode was recorded on Monday 18 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

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

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

Show notes:

Shorter America: He started it; Won’t someone think of the billionaires; Creeps and weirdos by Emma Shortis, The Point (May 2026)

The Wrap with Greg Jericho

It is easy for progressives to find things to complain about. It’s not because we are miserable, but unfortunately, we are too aware of the realities of life for many who never get a voice, aware of the crisis of climate change, and aware of the inequalities in the system that prevent a better society.

So, when a government does a good thing, we should take a moment to celebrate – especially when it means a long and hard-fought fight has been won.

The Australia Institute first attacked the possibility of a capital gains tax discount back in August 1999 – a month before the Howard government made the change.

The topic has never been far from our minds.

The original design of the NEM assumed that private markets and price signals could not only guide investment in generation, networks and retail, but also accommodate changing environmental requirements.

Experience has shown that this is not the case. The NEM now operates as a hybrid in which reliability and investment are secured through administrative intervention and long-term contracting, while emissions reductions are driven by a set of overlapping federal and state policy instruments.

The analysis makes several recommendations to fix the NEM:

• Split the Australian Energy Market Operator into two bodies, a rule-bound market operator and a national grid authority with responsibility for reliability, transmission integration, long-term contracting and emissions integration.
• Consolidate transmission under public ownership within the grid authority.
• Operate generation under a mixed public–private model.
• Reforming distribution, while keeping public ownership available as a long-term option.
• Retaining retail competition, but default pricing should be treated as a public obligation linked to system costs.

“Australia’s transition to a low-emissions electricity system has exposed the structural weaknesses of the National Electricity Market.” said Professor John Quiggin, Professor of Economics at The University of Queensland and author of the report.

“After decades of patchwork reform, the elegant design of the original NEM is almost invisible under all those tweaks.

On this episode of Dollars & Sense, Greg and Elinor discuss the federal budget, the latest wages data, and why the government is making Australian workers wait-o for the WATO.

This discussion was recorded on Thursday 14 May 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

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

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

Show notes:

Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness by Greg Jericho, Guardian Australia (May 2026)

On this episode of Follow the Money, Matt Grudnoff and Ebony Bennett discuss the government’s important changes to negative gearing and the capital gains tax discount, its “brutal” cuts to the National Disability Insurance Scheme (NDIS), and why some “broken promises” may not be such a big deal in the eyes of Australians.

This episode was recorded on Wednesday 13 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

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

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

Show notes:

Budget 2026: What the government’s housing tax changes mean for first home buyers and housing affordability by Matt Grudnoff, The Point (May 2026)

On the 100th episode of After America, Dr Emma Shortis and Angus Blackman discuss new Australia Institute polling on Australians’ views of Trump, the deadlock between the United States and Iran in the Strait of Hormuz, and what it might take for the Australian government to get out of the AUKUS submarine deal.

This episode was recorded on Monday 11 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

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

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

Show notes:

It’s not me, it’s you – Australians ready to break up with Trump’s America, the Australia Institute (May 2026)

Our gas export research was everywhere this month, from the Senate to news bulletins across Australia, and that’s just the beginning!

Here’s a brief snapshot of our media impact in April.

The post April 2026 Media Highlights appeared first on The Australia Institute.

Home ownership is simply beyond the reach of many, rent is surging, and homelessness continues rising. It seems likely the Treasurer Jim Chalmers will implement changes to the 50 per cent capital gains tax discount and negative gearing in Tuesday’s budget, two policies which have worked together to push house prices up and up and up.

Which means for the first time in decades, this federal budget may stop making Australia’s housing affordability worse.

If Australia doesn’t do something to fix the problem, we will only become more unequal and more divided between the haves and have-nots.

As Alan Kohler said in his brilliant Quarterly Essay piece on the housing divide: “Education and hard work are no longer the main determinants of how wealthy you are; now it comes down to where you live and what sort of house you inherit from your parents. It means Australia is less of an egalitarian meritocracy. Material success is now largely a function of geography, not accomplishment.”

If working hard isn’t enough to buy you a stable roof over your head, what next?

Australia will be a poorer and less stable nation if home ownership becomes unaffordable for ordinary people.

We don’t want to become a society where the only way young people can dream of owning a home is if they are fortunate enough to inherit one. That’s why these tax reforms are so important.

On this episode of Dollars & Sense, Greg and Elinor discuss the rationale for the Reserve Bank’s third interest rate hike for 2026 and how changing the way trusts are taxed could reduce inequality.

This discussion was recorded on Thursday 7 May 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

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

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

Show notes:

In this budget, all eyes are on CGT. But Labor’s rumoured family trust tweaks might also help fight tax inequality by Greg Jericho, Guardian Australia (May 2026)

While the policy provides clear proof that Australia never had a ‘gas shortage’ and has been suffering from excessive gas exports, a gas reservation policy won’t change the sad fact that Australia is giving away more than half of the gas it exports for free.

Dr Richard Denniss, co-CEO of The Australia Institute, says the policy is a distraction after the government caved into the gas lobby and appeared to rule out a gas export tax in next week’s federal budget.

“The government is trying to shift attention away from its determination to keep giving more than half the gas Australia exports away for free,” Dr Denniss said.

“The Albanese Government wants Australians to think it’s doing something about gas, but instead of collecting $350 million per week from a gas export tax, it is pursuing a new policy that won’t raise a cent.”

“Labor has the numbers in parliament. It has the support of unions, crossbenchers and, most importantly, voters. One nation voters want a gas export tax. Clive Palmer supporters want a gas export tax. Labor voters want a gas export tax.”

Dr Denniss has branded a gas reservation as the “wrong solution” to a problem which has been deliberately engineered by the gas industry, which has created fake fears of shortages in Australia while it was exporting vast  quantities of Australian gas overseas.

On this episode of Follow the Money, journalist and writer Nick Feik joins Ebony Bennett to discuss the NACC’s handling of its Robodebt investigation, its decision not to hold public hearings so far, and concerns about the legal experience required of some senior leaders.

This episode was recorded on Tuesday 5 May and some things may have changed.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Guest: Nick Feik, journalist and writer // @nickfeik

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

Show notes:

Built to fail? NACC: the integrity body undermined from the start by Nick Feik, Michelle Fahy & Elizabeth Minter, The Point (April 2026)

The YouGov poll of 1502 people found more than more than twice as many (59%) Australians now believe Australia’s interests are better served by a more independent foreign policy rather than a closer alliance with the United States (23%). Just one in eight (13%) Australians believe the US is a “very reliable” security ally.

The poll shows a further erosion of confidence in the US under President Trump. A year ago, a similar poll found that 31% of Australians believed Trump was a greater threat to world peace than Putin (27%) and Xi (27%).

Now, 52% feel that Trump is a bigger threat than Putin (17%) and Xi (16%).

Key findings:

• More One Nation voters (35%) believe Trump is a bigger threat to world peace than Putin (18%), and about the same number think Xi is the biggest threat (32%).

• One third (33%) of Australians now believe the AUKUS security agreement is not in Australia’s best interests.

• 68% of Australians, including 53% of One Nation voters, oppose Australia’s involvement in the US and Israel’s war on Iran.

“This poll represents a seismic shift in the way Australians think about the United States,” said Dr Emma Shortis, Director of The Australia Institute’s International & Security Affairs Program.

The RBA today lifted the cash rate from 4.1% to 4.35%, back to its highest point in 15 years, effectively undoing the three rate cuts which were delivered last year.

“Today the RBA made the wrong decision,” said Matt Grudnoff, Senior Economist at The Australia Institute.

“Higher interest rates will do nothing to open the Strait of Hormuz. Higher interest rates cannot change the world price of oil and bring down fuel prices.

“All this does is heap more pain on already stretched households.

“The only tool the RBA has to fight inflation is to change interest rates. But interest rates are ineffective at stopping inflation caused by supply shocks.

“It has chosen to do something, even if that will make things worse, rather than risk being accused of doing nothing.

“Higher fuel costs and now a third interest rate increase this year is likely to impact economic growth and push unemployment higher. This will have real negative impacts on Australian households and businesses.

“If the RBA goes too hard with interest rate increases, it risks pushing the Australian economy into recession. It will then be forced to rapidly lower interest rates to stimulate the economy, which would be a humiliating backflip.

Rising interest rates and a long-running cost-of-living squeeze have left mortgage holders struggling, yet the banks are milking more than ever from their home loan customers.

The research reveals that while home buyers tightened their belts last financial year, the banks’ profits grew to a massive $43 billion, $16.9 billion of which came straight from owner-occupiers with a mortgage.

Key points:

On this episode of After America, Allan Behm and Dr Emma Shortis discuss the Trump administration’s withdrawal of troops from Germany, why the United States is losing its war on Iran, and the Supreme Court’s gutting of the Voting Rights Act.

This episode was recorded on Monday 4 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

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

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

Show notes:

Hegseth’s ‘paranoia’ of being replaced explains purge of top general — as ally emerges for Army secretary’s role by Steven Nelson, New York Post (April 2026)

The Wrap with Ebony Bennett

Every week Australia delays introducing a 25% gas export tax is costing us $350 million. It’s a lot of lost revenue to ignore when your government has announced it will cut 160,000 people from the NDIS ahead of the federal budget.

Yet, when the Prime Minister visited Perth this week, he seemed to kick the can down the road on a gas export tax in this budget, reassuring the mining industry that it “will not undermine existing contracts on gas exports”.

It’s a safe bet the political pressure to tax gas fairly will not diminish – the public supports it from Greens to One Nation voters, and it’s an issue that unites everyone from the head of the ACTU to the head of the Commonwealth Bank. As the political pressure will only keep growing, so too will the economic cost of not doing introducing a gas export tax, it will only become more obscene and more unfair as the weeks drag on.

Unfairness was as the heart of the Global Progressive Mobilisation I recently participated in in Barcelona, convened by Spanish Prime Minister Pedro Sánchez. The contrast between the unashamed call to arms for bold progressive action there, and the aggressive commitment to incremental centrism at home could not be starker.

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On this episode of Dollars & Sense, Greg and Elinor discuss the latest inflation figures, which are the first to include the impact of the war in Iran, and why the RBA should take a step back and look at all the data, before they meet to assess interest rates next week.

This discussion was recorded on Thursday 30 April 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

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

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

Show notes:

Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs, by Greg Jericho, Guardian Australia (April 2026)

On this episode of Follow the Money, Senator Larissa Waters, leader of the Australian Greens, joins Ebony Bennett to discuss the causes of Australia’s housing crisis, making gas exporters pay their fair share, and the Greens’ new ‘tax the 1%’ campaign.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Guest: Larissa Waters, Australian Greens leader and Senator for Queensland // @larissawaters

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

Show notes:

The case for a gas export tax, explained by Richard Denniss, The Point (March 2026)

In 2014, Noel Pearson delivered an eulogy for Gough Whitlam. Professor Tom Clark wrote about it for The Conversation and said “Pearson came to praise Caesar on Wednesday, certainly not to bury him” as he listed the achievements of one of Australia’s greatest reformers.

Pearson said he was speaking to “this old man’s legacy with no partisan brief” but named the Racial Discrimination Act as one of the most important acts of Whitlam’s prime ministership, saying “without this old man the land and human rights of our people would never have seen the light of day”.

“Only those who have known discrimination truly know its evil,” Pearson said on that day.

He later described the Whitlam government as the “textbook case of reform trumping management”.

Prices for groceries, rent, insurance, gas bills are up and the cost of petrol is through the roof, and wages aren’t keeping up with rising prices. While many Australians are finding it harder to make ends meet, there has been an explosion in the wealth of the super-rich. Australia taxes wealth very lightly, it’s time that changed.

“Billionaires have the lowest effective tax rate of all social groups everywhere”, according to French economist Gabriel Zucman.

“There is a legitimate debate to have about the proper degree of tax progressivity … But nobody should accept a situation where the super-rich can pay less than the middle class. It’s a basic violation of the fundamental principle of equality before the law, which stands at the heart of our social contract.”

Taxing wealth fairly is not just important for the economy, it’s important for our democracy. As the federal budget approaches, we’re about to hear a lot about what Australia ‘can’t afford’. We can’t afford for so many people to access the National Disability Insurance Scheme, for example. We ‘can’t afford’ to increase the unemployment benefit above the poverty line. But somehow we can afford $368 billion for nuclear submarines we may never receive, and we can afford to give away half of our liquid natural gas royalty-free.

On this episode of After America, Dr Emma Shortis reflects on yet another appalling yet unsurprising act of political violence in the United States, before Mother Jones journalist James West joins the show to discuss the midterm elections and whether real fractures are emerging in the MAGAverse.

This episode was recorded on Thursday 23 April Australian time.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Guest: James West, Executive Editor, Mother Jones // @jamespwest

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

Show notes:

Shorter America: Madman theory, continued; Deeper derangement; International solidarity by Emma Shortis, The Point (April 2026)

On this episode of Dollars & Sense, Greg and Elinor discuss the case for a 25 per cent gas export tax, why global foreign aid spending has plummeted, and the likelihood of the government announcing reforms to housing investor tax concessions ahead of the May federal budget.

This discussion was recorded on Wednesday 22 April 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

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

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

Show notes:

Capital gains tax changes are on the table, and yet Armageddon has not arrived. Has the tide on housing turned at last? by Greg Jericho, Guardian Australia (April 2026)

On this episode of Follow the Money, Senator David Pocock and Dr Richard Denniss join Leanne Minshull to discuss the case for a 25 per cent gas export tax, why Australians currently get so little in return for the country’s finite resources, and how the gas industry wields power in parliament.

This episode was recorded live at the Australia Institute’s Politics in the Pub event on Wednesday 15 April. Subscribe now to find out about more live events from the Australia Institute.

Guest: David Pocock, Independent Senator for the Australia Capital Territory // @davidpocock

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

Host: Leanne Minshull, co-Chief Executive Officer, the Australia Institute // @leanneminshull

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

Show notes:

New Australia Institute research published today shows that the Japanese Government makes more revenue taxing its imports of Australian gas than the Australian Government makes from the export of our gas.

Key findings:

• Japan has imposed a tax on oil and gas imports since 1978, expanding the tax to cover coal in 2003.
• Over the last five years, Japan’s energy import tax has delivered an average of AUD $8 billion per year to the Japanese Government.
• On average, every year, $1.8 billion of Japan’s energy import tax comes from gas imports, substantially more than the $1.4 billion raised by the Australian Government’s Petroleum Resource Rent Tax (PRRT).

“It’s hard to believe how badly Australians have been ripped off by gas export companies,” said Dr Richard Denniss, co-CEO of the Australia Institute.

“Japan, a country with no gas, oil or coal reserves of its own collected almost $40 billion over the last five years while the Australian PRRT provided only $7 billion to Australians.

“Not only has Australia been literally giving more than half of the gas we export away for free, we now learn that the same Japanese Government that is opposed to us putting a tax on our gas and coal exports, has been raking in billions of dollars per year via their own tax on gas and coal imports.

On this episode of After America, nuclear policy expert Jon B Wolfsthal and Dr Emma Shortis discuss the US-Iran negotiations, the risks of this conflict metastasising, and how Trump is continuing to break down the guardrails around the use of nuclear weapons.

This episode was recorded on Friday 17 April.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Guest: Jon B Wolfsthal, US Nuclear Policy Fellow, PAX sapiens // @jonatomic

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

Show notes:

Shorter America: The consequences of not caring; The enemy of your enemy is not your friend; Visions for the future by Emma Shortis, The Point (April 2026)

What Is the Iran Nuclear Deal?, Council on Foreign Relations

From our speaking tour with Yanis Varoufakis at the start of the month to multiple press conferences, TV appearances, and launching our Gas Giveaway Tracker, it’s been an eventful month. And that’s just the beginning!

The post March 2026 Media Highlights appeared first on The Australia Institute.

The Wrap with Greg Jericho

The middle of April each year is always when the pre-Budget noise gets louder, and the Government begins to frame the narrative. This year the stakes are as high as any budget in recent memory.

The United States’ and Israel’s attacks on Iran and the subsequent closing of the Strait of Hormuz have very much highlighted to Australians just who benefits from an international oil crisis. While Australians saw their petrol prices rise, and worries about a recession permeated, one industry was laughing.

Photo: AAP Image/Mick Tsikas

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— Greg Jericho is the Chief Economist at The Australia Institute.