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Queensland Economic Advocacy Solutions

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Blog posts : "General"

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

February 14, 2018

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

February 13, 2018

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

February 7, 2018

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

January 30, 2018

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?

January 24, 2018

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

January 17, 2018

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

January 3, 2018

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

December 27, 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

December 18, 2017

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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Coalition Government's MYEFO 2017-18.

December 18, 2017

Today the Coalition Federal Government released the Mid-Year Economic and Fiscal Outlook.  In summary the Government is delivering a reduced deficit in 2017-18 down from $29.4 billion in the Federal Budget to $23.6 billion in the MYEFO.  However in the grander scheme of things there has not been sig…

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10 questions to ask about the Mid-Year Fiscal and Economic Review 2017-18

December 17, 2017

Tomorrow the newly minted State Treasurer, Jackie Trad MP,  will deliver the Mid-Year Fiscal and Economic Review.

The MYFER as it is affectionately known provides an update of the State’s economic and fiscal position since the 2017-18 Budget (delivered 13th June 2017) and outlines “Governme…

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Population flows towards employment opportunity

December 14, 2017

In a graph ........ a great example of causation not just correlation.  Population flows towards employment opportunity.  Queensland today recorded both the strongest employment growth and highest net interstate migration gain since prior to the GFC.  

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The State Election Result and what it means for you

December 13, 2017

It is with pleasure that I provide a 'one stop shop' on everything you may need to know about the recent State Election result and how it might impact on you.  In short Annastacia Palaszczuk is the first female premier in Australia to win back to back elections with Queensland Labor capturing 48…

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Banking Royal Commission Long Overdue

November 30, 2017

For the best part of nearly a decade, the Queensland business community has been screaming out for a spotlight to be shone upon Australia’s major banks and the litany of complaints against their practices. Following the Global Finaincial Crisis the major banks virtually overnight became signi…

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State Election Impacts on the State Budget

November 23, 2017

Every State Election has an impact to the State Budget.  There are policy program announcements, infrastructure announcements and revenue and tax announcements. QEAS has crunched the numbers and the results are below for your information. 

LNP election commitments total $4.35 billion and incl…

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Queensland Votes - QEAS Pre-election Analysis

November 23, 2017

This Saturday, Queensland votes for the next State Government for the period through to Saturday 31 October 2020.  It is almost impossible to pick the outcome as there has never been a combination of a third party potentially on the rise, the reintroduction of compulsory preferential voting and …

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When Queensland politicians talk economic news

November 18, 2017

During the week we saw two major economic indicators released by the Australian Bureau of Statistics (ABS Catalogue 6202.0 Labour Force Australia and ABS Catalogue 5220.0 State Accounts) with widespread reference to these in the State Election campaign.

Firstly in relation to Queensland’s…

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Same Sex Marriage to boost the Queensland Economy

November 15, 2017

Same sex marriage is primarily an ‘equality’ issue not an ‘economic’ one but there is a substantial benefit to the Queensland economy estimated at $130 million in the first year alone if it comes to pass.

Whether readers voted ‘yes’ or ‘no’ what they would no doubt realise is there is…

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The GST is coming to low value overseas purchases using the ‘legislated model’

November 15, 2017

The Australian Parliament in June this year legislated to apply the GST to low value imported goods (less than $1,000) from 1 July 2018.

At present consumers purchasing books, clothing, electronic devices, sporting equipment or other consumer goods from a domestic retailer will have to pay the 10…

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State Election 2017 - Queensland Labor & LNP Policies for Business

November 12, 2017

Elections are a competition of ideas and a wonderful opportunity to get a politician to commit to doing something useful. It is extremely important that Queensland businesses stay informed and be able to compare and contrast what is on offer from the major political parties as part of this St…

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20 blog posts