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Queensland Economic Advocacy Solutions

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Blog posts : "General"

Just how competitive are our State's Payroll Tax arrangements for Queensland Businesses?

We often hear how competitive Queensland’s payroll tax regime is with politicians boasting that we have the lowest rate at 4.75% and one of the highest exemption thresholds. However our competitiveness is not as straight forward as many people think.  So just how competitive are Queensland's …

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The Queensland Productivity Commission - unloved or just underutilised?

I currently liken the Queensland Productivity Commission (QPC) to a team’s star player who is being forced to sit on the sideline as the big game unfolds.

The QPC is the State's independent economic review body established by former Treasurer, Curtis Pitt, in 2015 to review complex economic…

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Queensland still wins from GST carve-up but by not as much

The annual process conducted by the Commonwealth Grants Commission came to head today with the carve-up of the $65.8 billion in GST revenue to be collected across Australia in 2018-19.  Referred to as ‘Horizontal Fiscal Equalisation’ the process recognises the concept under Federation that no State …

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Is hosting the 2018 Commonwealth Games really worth it?

On the eve of the Commonwealth Games it is timely to discuss whether this event is really worth the investment of taxpayer dollars and the inconvenience for the Queensland Business Community.

With competition happening across the State (4-15 April 2018), GC2018 is set to inject potentially billio…

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Infrastructure Australia's 2018 Priority List for Queensland

QEAS has provided a brief explanation of Infrastructure Australia's 'Infrastructure Priority List' and has also provided a full list of Queensland Projects that are potentially in the pipeline for Federal Government funding.

High Priority Projects

Potential infrastructure solutions for whic…

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Queensland’s population to hit five million thanks to jobs growth

Yesterday (Thursday 22 March 2018) we had an occurrence of the Australian Bureau of Statistics’ labour market data being released at the same time as latest estimates of population. This was a great opportunity to see the interconnection of how demography is influenced by economics.

Firstly in…

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Does Queensland strike more today than in the past?

Does Queensland strike more today than in the past? Regardless of perception the answer is a categorical 'no'.  Latest data from the ABS confirms that the number days lost due to industrial action in Queensland in 2017 was 32,200.  If that number sounds high, keep in mind there are 2.47 million Que…

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Unrealistic ambit claims characterise 2017-18 Annual Wage Review

Each year the Fair Work Commission (FWC) is responsible for reviewing and setting minimum wages for employees as part of an annual wage review.  The Commission issues a decision for the national minimum wage (NMW) and for pay rates for all 122 modern awards, which comes into operation on 1 Jul…

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Queensland's domestic economic growth by the numbers

Latest data from the Australian Bureau of Statistics reveals Queensland's domestic economy is tracking relatively well although growth continues to lag other States. QEAS takes look at this important indicator.

​When gauging the overall performance of the Queensland economy there are two i…

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The Health of the Queensland Business Community (The Good and the Bad)

The Australian Bureau of Statistics this week released their annual 'Counts of Australian Businesses', which does precisely that, it counts the number businesses actively trading as at June 30, 2012, 2013, 2014, 2015, 2016 and 2017.  It also provides rates of business entries and exits as well as co…

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Queensland wages remain stubbornly low despite labour market improvement

Latest data from the ABS confirms that wages growth remains stubbornly at the lower end.  The wage price index in Queensland (total hourly rates of pay excluding bonuses) over the past twelve months increased by 2.2% compared to a national increase of 2.1%.  The Queensland increase compares to th…

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Why the State Government is ‘NUTS’ to offer Scottish beer giant BrewDog industry assistance

There are times to offer industry assistance and then there are times not to, such as the State Government’s announcement of ‘luring’ BrewDog to Brisbane.

There was much fanfare over the announcement BrewDog will open a $30 million brewery in Brisbane including a 50 hectolitre brewhouse…

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Closing the Gap Report highlights employment challenge for Aboriginal and Torres Strait Islanders

Yesterday the Prime Minister released the Closing the Gap Report 2018 highlighting the significant challenge ahead in providing employment opportunities to Aboriginal and Torres Strait Islanders that in turn provides them with a livelihood and advancement in living standards.

In 2016, the unemplo…

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The top ten largest increases in cost of living

This week has seen some much needed emphasis placed by media organisations on the financial difficulty being experienced by many Queensland households.  The Consumer Price Index (CPI) released last Thursday confirmed a 27% increase in the cost of living over the past decade for Brisbane households a…

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Queensland Productivity on the rise: implications for the Sunshine State

The latest Australian Bureau of Statistics' measure of productivity growth reveals the sixth straight year in a row of productivity improvement in Australia (growing 0.6%) and the news is also good for Queensland.  Our State's productivity growth in the last two years has bounced back followin…

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Has Queensland dropped the ball on the Review of GST Distribution?

Many readers will no doubt be aware that the Productivity Commission is currently undertaking an inquiry into Australia's system of horizontal fiscal equalisation (HFE), which underpins the distribution of GST revenue, and an issue of hot contention among State and Territories for almost two decade…

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Queensland apprentice numbers yet to rebound

Latest statistics from the National Centre for Vocational Education Research (NCVER) reveal that Queensland’s recent labour market improvement is yet to translate into a lift in apprentice and trainee numbers.

The official data shows just 57,100 apprentices and trainees in training in 2017 a n…

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The Bright Future of Queensland Manufacturing

Generally people have mixed views on the future of manufacturing in Australia as a source of jobs, exports, investment and growth.

The backdrop is Queensland manufacturing was once the largest and most important industry sector for the Sunshine State.  It has now slipped to fourth in respect to …

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The Highs and Lows for Queensland Businesses in 2017

In the last days of 2017 I wanted to share with you my top highs and lows for Queensland’s business community.  It was a year that will have significant impacts for many but it was also a year where a lack of things failed to occur. So let’s go ……

Lows for 2017

  1. Queensland ele…

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Queensland Mid-Year Fiscal and Economic Review 2017-18

The MYFER is up and can be found here: https://s3.treasury.qld.gov.au/files/2017-18MYFER.pdf

My overall assessment is that it delivers an improvement in Queensland's budgetary position in 2017-18 and across the forward estimates.  This is technically Jackie Trad's statement but in reality it has…

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20 blog posts