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

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

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

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

Show notes:

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

That’s one every four hours.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This discussion was recorded on Friday 24 October 2025.

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

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

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

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

Show notes:

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

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

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

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

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

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

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

The Wrap with Bill Browne

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

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

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

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

@emmashortis.bsky.social #auspol

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

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

This discussion was recorded on Thursday 23 October 2025.

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

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

Show notes:

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

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

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

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

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

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

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

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

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

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

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

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

Show notes:

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

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

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

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

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

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

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

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

This discussion was recorded on Monday 13 October 2025.

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

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

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

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

Show notes:

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

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

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

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

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

Source of the problem probably not what you think

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

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

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

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

Australia Institute analysis also shows:

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

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

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

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

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

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

This discussion was recorded on Wednesday 15 October 2025.

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

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

Show notes:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Show notes:

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

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

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

This discussion was recorded on Friday 10 October 2025.

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

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

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

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

Show notes:

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

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

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

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

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

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

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

“Single JobSeeker [payment] just hit $400 a week. Let me know how you’d go if you were getting that little and were randomly not paid.”

This comment, from the people behind Nobody Deserves Poverty, points to the ignored cruelty at the heart of one of Australia’s most shameful open secrets.

The mutual obligations system – the system by which we set (through privatised “job providers”) mostly demeaning and useless tasks for unemployed people to meet in order to receive their welfare benefits – is documented to cause harm, with little evidence it actually does anything to meet its main objective: get people into work.

The system is so convoluted and already stacked against people that even without the issue of lawfulness, it would still be not just harmful, but useless. In terms of punishing people, it is working as intended. But governments tend to pay attention when harm can also be considered unlawful, and that’s the issue here.

When the Coalition introduced the Targeted Compliance Framework (TCF) in 2017-18, it gave private job agencies the power to punish “non-compliant” job-seeker behaviour without the checks and balances of government.

If a job agency decides that one of their “clients” hasn’t met their mutual obligations – or just screws up and doesn’t report that they have – welfare recipients literally pay the price. Their payments can be suspended, or they can be forced into menial work-for-the-dole programs, without any consideration of their suitability. Concerns were raised almost immediately.

I’ve been lucky enough to complete a few multi-day hikes overseas in the past few years. Every morning, I woke up in my tent with the feeling that something wasn’t quite right and then I realised why – it was practically silent.

There’s no cackle of kookaburras at dawn, no warble of magpies, or comforting screeches of cockatoos. Songbirds the world over had their evolutionary origins right here in Australia, but we’ve got the original and the best (and the loudest).

As a giant island, Australia is a hotspot for biodiversity. We are home to countless plant and animal species found nowhere else on Earth, thanks to millions of years of evolution in isolation.

Overall, Australia’s nature laws have done a crap job of protecting them. Unfortunately, Environment Minister Murray Watt looks set to continue that track record, with news he’ll be negotiating to pass an overhaul of Australia’s nature laws with the Coalition, not the Greens. That pretty much tells you everything you need to know.

The Wrap with Hayden Starr

For the last five years I’ve worked behind the scenes, helping communicate the Australia Institute’s research online and on social media, including writing and editing this newsletter. As my time with the Australia Institute comes to an end, it’s my pleasure to write The Wrap for my last newsletter with you.

It takes a lot to change someone’s mind. It takes a lot to change a country. Even more so when you are up against the very well-resourced and very powerful misinformation machines that serve to defend and consolidate power, wealth, and the status quo.

There are few better examples than that of the fossil fuel industry. Greenwashing gas, overinflating economic benefits, spreading lies about renewable energy, all while digging new coal mines and gas wells and paying a pittance (or nothing) in tax.

“Australia is one of the biggest gas exporters in the world.

“Yet when gas prices go up, it’s Australians that feel poor.”

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:

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.

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.

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.”

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.

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

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.”

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.

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)

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)

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.

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: