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Queensland Economic Advocacy Solutions

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Blog posts : "General"

Why Queensland should support changes to Australia's GST distribution arrangements

 

 

Earlier this month the Federal Government released its interim response to the Productivity Commission’s (PC) final report on horizontal fiscal equalisation (HFE) ie how GST receipts are carved up among Australian States. Both the PC Report and the Government’s response were released…

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25 changes that commence 1 July 2018 for Queensland Businesses

For the Queensland business community numerous new legislative obligations and other initiatives commence Sunday 1 July 2018. Some of these will benefit you whilst others unfortunately will not.  QEAS has provided below a list of the more prominent changes that will occur.

Relevant benchma…

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Queensland Budget faithfully delivers on election commitments but draws down on wealth of future generations

QEAS's special Queensland Budget 2018-19 Business Update can be found here

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Queensland State Budget 2018-19 Preview – The Smiling Gods of Revenue

As the foremost instrument of both fiscal and economic management all eyes will be on the State Budget next week.

On Tuesday 12th June the Hon Jackie Trad, Treasurer, will be delivering her first State Budget and will no doubt be using this as an opportunity to demonstrate that Queensland can…

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Queensland Small Business Week 2018: QEAS Business Plan Template

I have previously penned why we need to celebrate the importance of Queensland Small Businesses and Monday 28 May 2018 marks the start of Queensland's Small Business Week 2018.  To mark this occasion QEAS has prepared a resource to assist small businesses to be able to plan better.

Small b…

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Trends in Queensland’s Tax, Royalties and GOC Dividends Fact Sheet

With the State Budget just around the corner I wanted to pen a quick analysis of trends in state taxation receipts and other own source revenue including royalties and GOC dividends.

Based on the analysis of eighteen Queensland State Budgets between 2000-01 and 2017-18 key observations includ…

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Jobs and key infrastructure projects falling by the wayside

Much of the work QEAS does is behind the scenes for individual clients. It is great to see some this work underpin recent advocacy by Master Builders Queensland in the public domain.  Their media release is below together with links to the QEAS research.

HOSPITALS, schools and thousands of j…

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If Queensland wants its long-term wages growth back we need an unemployment rate of 5.0%

The ABS today confirmed that wages growth in Queensland remains stubbornly and well short of the long-term average of 3.3 per cent. Queensland’s Wage Price Index grew by 2.2 per cent over the past twelve months and compares to a national rate of 2.1 per cent.

The factors that are causing …

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Federal Budget 2018-19: Queensland Update

For a full analysis of the Federal Budget 2018-19 and what it means for Queensland please click here

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One in three recommendations either partly or wholly rejected by the State Gov for the Manufacturing Sector

Yesterday (1st May 2018) the State Government responded to a series of recommendations made by the Queensland Productivity Commission (QPC) on how to secure the future of the State’s manufacturing sector. Out of 17 very good recommendations made by the QPC the State Government accepted in whole …

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Federal Budget 2018-19 Preview for Queensland

The Federal Budget to be delivered next Tuesday evening (7.30pm AEST, 8 May 2018) is undoubtedly Treasurer Scott Morrison's most important and complex balancing act.

The Coalition is under pressure (self-imposed) to provide a ‘sugar hit’ that best positions it with a looming election but at…

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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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20 blog posts