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Rules should allow for risk-taking

Articles, Latest News

Earlier this year I wrote that, rather than standing on the shoulders of giants, the next generation risks being hobbled by pygmies. It’s an observation that those standing in the way of budgetary reform would do well to reflect on … Continued

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Union rackets a cause for concern

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  “Third-line forcing” gives rise to all sorts of policy concerns. It can restrict consumer choice and undermine competitive markets; it raises questions around secret commissions and kickbacks. The Competition and Consumer Act currently bans it outright in most contexts. … Continued

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Simplifying tax system is complex

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  When did tax reform become about raising more revenue? Since the budget, various interest groups have sought to position the Federal Government’s upcoming white paper process on tax reform as an opportunity to increase the tax burden, whether through … Continued

Financial Review

Repair weak super foundations

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If you knew there were weaknesses in the foundations for a building, would you make sure the foundations could be fixed and repair them before increasing its size by over 25 per cent? Of course you would.   And any sensible … Continued