On this episode of What’s the Point?, Richard Denniss discusses how global gas industry has pulled off the greatest con in Australia’s history, and why Australians are living with the consequences. He spells out the simple steps we need to take to fix it.
Tue 14 Jul 2026 13.41 AEST
On this episode of What’s the Point?, Richard Denniss discusses how global gas industry has pulled off the greatest con in Australia’s history, and why Australians are living with the consequences. He spells out the simple steps we need to take to fix it.
This episode was recorded on Friday 10 July.
Host: Richard Denniss, co-Chief Executive Officer, the Australia Institute
Host: Anna Chang, Managing Editor, The Point
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Australians invest more than $4.5 trillion in superannuation each year, yet many are unaware that they are funding military violence. This includes tertiary education workers whose default fund, UniSuper, invests heavily in companies responsible for the suffering of millions of people, including in Palestine.
Australia’s welding industry has accused the Reserve Bank of making it harder for manufacturers to lift productivity, arguing higher interest rates are strangling investment in the technology and training needed to improve it.
The latest corporate tax data released today by the Australian Tax Office (ATO) showed that once again, major gas producers are paying no company tax, and despite claims that changes to the Petroleum Rent Resources Tax (PRRT) would deliver “more revenue sooner”, the PRRT in 2024-25 raised less tax than in 2020-21.
Domestic data does not support the decision to raise interest rates. Being wrong in the right company (the market and conservative economists) might make for easier dinner parties and congratulatory op-eds in the financial pages, but it does nothing to look after the welfare – economic and otherwise – of the Australian people.
