Economy
If the NDIS is ‘runaway spending’, what do we call $16 billion in fossil fuel subsidies?
New research shows fossil fuel subsidies will reach $16.3 billion in 2025–26, rising faster than the NDIS. Handouts to mining giants are growing faster than support for Australians with disability.
ACOSS data reveals CGT discount billions flow to Australia’s wealthiest electorates
Research from the Australia Council of Social Services (ACOSS) released today shows that the benefits of the capital gains tax (CGT) 50% discount overwhelmingly favours the wealthiest electorates in the county.
Factcheck: Does Australia have a gas shortage? No, we have more gas than ever
For the last decade, Australians have been continually told by the gas industry, media commentators and politicians we have a gas shortage. These claims are almost always used to pressure Australian governments to approve open new gas fields on the basis that the gas is needed to supply Australians and reduce gas prices.
Ed Husic calls out gas industry’s “glut of greed”
A sharp rebuke of Australia’s gas industry was delivered in Parliament overnight, as Labor MP for Chifley, Ed Husic, accused major exporters of putting profits ahead of the public interest and called for a stronger national approach to managing the country’s gas resources.
Australia hands fossil fuel companies $31,000 a minute in subsidies — more than it spends on the Air Force
New research has revealed that Australian governments are providing the equivalent of $31,020 a minute in fossil fuel subsidies as households continue to struggle with rising petrol and electricity prices.
A gas export tax could power Australia’s manufacturing revival
Australia is sitting on a brutal contradiction. We say we want a strong economy, lower emissions, secure jobs and a future for our children. Yet we continue to export enormous volumes of gas, collect too little public value from it, and then argue about whether we can afford to rebuild our manufacturing base, modernise training, or bring down industrial power prices.
Why is the war pushing energy prices up? Australia has plenty of gas, there is no shortage.
By simply diverting uncontracted gas to the domestic market before it is exported, and putting a 25% tax on the contracted export gas to bring some much needed revenue back to Australians, it would also reveal something the gas industry rarely acknowledges: Australia does not have a gas shortage problem. It has a gas export problem.
Australia actually has more than enough houses, they’re just owned by investors
Over the past 10 years, the number of new homes has been growing faster than the population. Read that sentence again if you need to, but doing so won’t change the facts.
Biggest quarterly house price rise in five years: new data
The Bureau of Statistics has released the latest figures on Dwelling Prices. As was expected, the last three months of 2025 saw a pretty sizeable jump in house and apartment prices off the back of the government’s 5% deposit guarantee.
