Analysis

Multinational gas corporations are expected to sell $50 billion worth of Australia’s liquefied natural gas (LNG) overseas every year, but it will be at least 10 years before the national treasury receives any rise in tax revenue. Even then, many projects will never pay any tax to the government for the resources they export.

A report prepared for the federal government into the operations of the Petroleum Resource Rent Tax (PRRT) shows that revenue from the offshore gasfields will remain static until at least 2027.

Labor Opposition leader Bill Shorten delivered his budget reply speech on May 10, promising to deliver a “bigger, better and fairer tax cut for 10 million working Australians”.

Green Left Weekly asked unionists why they are in a union and what unions mean to them.

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The federal government reached an agreement with the Labor opposition to pass amendments to the Murray-Darling Basin Plan (MDBP) on May 8, effectively ensuring less water will flow to the environment in the southern basin.

The deal sidelined negotiations with cross-bench Senators and scuttled a move by the Greens to request a disallowance motion for the vote because of environmental concerns.

Just a week before Sydney University Postgraduate Representative Association (SUPRA) held their annual Council elections on April 26 and 27, the out-going co-presidents Mariam Mohammed and Kiriti Mortha called on Sydney University management to investigate the "governance structure" of SUPRA, alleging there was a "toxic" culture on the council.

The NSW Coalition government’s long anticipated Koala Strategy, which was released on May 6, has been condemned as inadequate and doomed to fail by conservation groups, which say it ignores the key threat of habitat loss.

Dairy cows in a field

How did Murray Goulburn, once Australia’s biggest milk processor and a successful dairy cooperative since 1950, end up being sold to its international competitor, Canadian dairy giant Saputo? In the second of this multi-part series (read part 1 here), Elena Garcia provides some answers.

The wealthy and corporations got a visit from Santa Claus, but the rest of us got Scrooged again on Budget night.

A windfall in tax income — derived in part from higher than expected royalties and corporate taxes in the mining sector, owing to higher prices for iron ore, coal and oil — provided ideal conditions for the government’s pre-election budget.

There was never a chance that Treasurer Scott Morrison would use this windfall to boost social spending — that just wouldn’t accord with the Malcolm Turnbull government’s “trickle down” economics.

Since the project was first proposed in October 2010, Adani’s Carmichael coalmine, rail and port project has generated opposition, initially from local resident and conservation groups.

The Carmichael project is one of several of mines proposed for the Galilee Basin. GVK Hancock (Gina Rinehart’s joint venture with Indian company GVK) proposed Alpha Coal in September 2008 and Kevin’s Corner in August 2009. Clive Palmer applied for approval for Waratah Coal in October 2008. 

 

A meeting of state and federal government representatives on April 27 has set the goal of making all Australian packaging reusable, compostable or recyclable by 2025.

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