Oz Blog News Commentary

Articles from Peter Martin

How to kill stamp duty and produce a budget to remember

March 23, 2017 - 11:40 -- Admin

The myth about budgets is that they can achieve much at all.

In decades to come few will be remembered for anything other than the introduction of Medicare, the national disability insurance scheme and the goods and services tax.

But in six weeks' time the government will have an opportunity to actually do something that will last; something far more important, and more transformative, than the apparently doomed plan to cut the rate of company tax.

That sucking sound is us being robbed of our gas

March 16, 2017 - 13:55 -- Admin

In Melbourne, gas cooktops are only the start.

Melburnians use gas for stoves, hot water, central heating and room heating. Ninety per cent of Melbourne homes have gas, compared to only 50 per cent in Sydney. Victoria accounts for two-thirds of all the household gas used in Australia. And Victorian industry uses little else.

Because it's been astoundingly cheap.

Melbourne booms while the rest wilts, and it'll get worse

March 7, 2017 - 14:03 -- Admin

Melbourne has become so important it now accounts for all of Victoria's economic growth, with the rest of the state contributing nothing in net terms.

New regional figures compiled by SGS Economics and Planning show inner Melbourne's economy grew by a blistering 3.9 per cent in 2015-16, the city's north-east grew by 4.1 per cent, its north-west by 4.7 per cent, its south-east by 3.9 per cent, and its west by 3.9 per cent.

And you thought the TPP was secret. The RCEP is even worse

November 6, 2016 - 12:12 -- Admin

There's another massive deal you've never heard of. The Trans-Pacific Partnership – negotiated in secret between Australia and 11 other nations over 10 years – appears to be dead.

It would have allowed US corporations to sue Australian governments in offshore tribunals, as they have long wanted to do, effectively trumping our own High Court. Donald Trump himself opposes it (bless him) as does Hillary Clinton, although she once helped to draw it up.