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Queensland Economic Advocacy Solutions

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Blog posts : "General"

Lower Company Tax - What’s in it for me

This week a cut in company tax for businesses with a turnover greater than $50 million will be given one last opportunity to be passed by the Australian Parliament when it is due for debate in the Senate. It is widely anticipated that the Bill will again be rejected spelling the death-nell for the i…

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Gains of the past three years have bypassed many unemployed Queenslanders

The Australian Bureau of Statistics labour market numbers for July 2018 reveal solid employment growth on one hand but gains having bypassing our State's unemployed on the other.

Queensland's stubborn unemployment rate has been unable to consistently break through the six per cent barrier and con…

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Overseas Migrants to Queensland: Where the bloody hell are you?

As Australia’s population clock ticked over 25 million at 11 pm on the 7th August 2018 it is important to understand how this milestone has been achieved. In short Australia continues to be the lucky country and the heavy lifting of our increase comes from overseas migrants wanting to get a…

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Queensland should support the NEG – when perfection and politics are the enemy of good

In true Better a diamond with a flaw than a pebble withoutfashion - Queensland should support the proposed National Energy Guarantee this Friday when COAG's Energy Council meets to consider it.

If you believe the hype - the National Energy Guarantee will deliver lower electricity pric…

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Critical Appraisal of Queensland’s Labour Market

Queensland’s labour market finds itself in a peculiar situation: it has experienced very good employment growth yet our unemployment rate remains stubbornly above six per cent.

Queenslanders should in theory be highly concerned that our State’s unemployment rate remains 0.7 per cent above the n…

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If only there was another word for innovation

Last week the Australian Bureau of Statistics released their latest snapshot of Australian business innovation.

Innovation is a widely used term but not necessarily widely understood particularly by small business.  It is defined as the development or introduction of new or significantly improve…

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Estimates Hearings are one of only a few checks and balances for Queensland's Unicameral Parliament

The 2018-19 ‘Estimates Hearings’ for the Queensland Legislative Assembly commences today and runs for the next two weeks.  These are one of only a few checks and balances that the Sunshine State’s unicameral Parliament has to hold the State Government to account.

The estimates process help…

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Tainted for Life from Driving in Europe

Many readers will be aware that I recently spent a month travelling in Europe.  Over this period I logged 5,733 kilometres driving from Rome to Bergen in Norway and back down to Amsterdam.

This was a wonderful experience but has unfortunately left me tainted for life when it comes to driving…

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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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20 blog posts