2015 Intergenerational report: Australia in 2055

The Intergenerational Report contains analysis of the key drivers of economic growth – population, participation and productivity – and examines what projected changes in these areas mean for our standard of living and public policy settings. It is a projection into the future, giving us an estimate of the challenges we face as a nation and where opportunities could come from. Summary Every five years, the Australian Government produces an Intergenerational Report that assesses the long-term sustainability of current Government policies and how changes to Australia’s population size and age profile may impact on economic growth, workforce and public finances over the next 40 years. The Intergenerational Report contains analysis of the key drivers of economic growth – population, participation and productivity – and examines what projected changes in these areas mean for our standard of living and public policy settings. It is a projection into the future, giving us an estimate of the challenges we face as a nation and where opportunities could come from

Intergenerational report 2007

This is the Australian Government’s second intergenerational report. The report provides a basis for considering the Australian Government’s fiscal outlook over the long term and the sustainability of economic growth in light of Australia’s ageing population and other factors.   Foreword   This report provides an update of the long-term demographic, economic and spending projections and the implications for the sustainability of fiscal policy. Broad policy choices to address the sustainability challenges are discussed. &nbsp

Backing Australian Fin-Tech

Financial technology, or FinTech, is transforming our financial system and potentially our entire economy and it’s not just about digitising transactions. Just as the internet has empowered people around the globe through access to information, financial technology is reducing information asymmetry in the marketplace and thereby helping to mitigate risk and promote the efficient allocation of scarce resources. FinTech is all about stimulating technological innovation so that financial markets and systems can become more efficient and consumer-focussed. This can help drive improvements in traditional financial services and, perhaps more importantly, promote disruption through innovative new products and services, which can offer benefits to consumers and other sectors of the economy

Mid-year economic and fiscal outlook 2014-15

FOREWORD The Mid-Year Economic and Fiscal Outlook 2014-15 (MYEFO) has been prepared in accordance with the Charter of Budget Honesty Act 1998. The Charter requires that the Government provide a mid-year budget report which provides updated information on the Government’s fiscal position. Consistent with these requirements: Part 1: Overview — contains summary information on the key fiscal and economic indicators and outlook. Part 2: Economic outlook — discusses the domestic and international economic forecasts and projections that underpin the budget estimates. Part 3: Fiscal strategy and outlook — provides a discussion of the fiscal strategy and outlook, in addition to a summary of the factors explaining variations in the cash flow statement, the operating statement and the balance sheet since the 2014-15 Budget. This part includes discussion of the sensitivity of the budget estimates to changes in economic parameters, confidence intervals around forecasts, expenses by function, tax expenditures, payments to the States, and a debt statement. Appendix A: Policy decisions taken since the 2014-15 Budget — provides details of decisions taken since the 2014-15 Budget that affect revenue, expense and capital estimates. Appendix B: Australian Government Budget Financial Statements — provides financial statements for the general government, public non-financial corporations and total non-financial public sectors. Appendix C: Statement of risks — provides details of general developments or specific events that may have an impact on the fiscal position, and contingent liabilities which are costs the government may possibly face, some of which are quantified. Appendix D: Historical Australian Government data — provides historical data for the Australian Government’s key fiscal aggregates

Proposed industry funding model for the Australian Securities and Investments Commission

On 7 December 2014, the Government released the Final Report of the Financial System Inquiry, an inquiry which sets out a \u27blueprint\u27 for Australia\u27s financial system over the coming decades. The Financial System Inquiry for Australia\u27s current regulatory architecture has many strong characteristics, and does not require major change. However, the Inquiry does made a number of actions to strengthen the transparency, accountability and capabilities of Australia\u27s financial regulators. In the case of the Australian Securities and Investments Commission (ASIC), the Financial System Inquiry recommended that the Government should move to adopt an industry funding model, similar to that already in place for other Australian regulators. The Financial System Inquiry\u27s found that an industry funding model for ASIC could provide more funding certainty and enhance the transparency of ASIC\u27s costs and funding. Submissions on this consultation paper, together with the findings of the ASIC Capability Review, which is due to report to Government by the end of 2015, will assist the Government\u27s consideration of whether to accept the Inquiry\u27s recommendation that ASIC’s regulatory activities should be funded by industry. Industry roundtables will also be held during the consultation period to give stakeholders an opportunity to share their views. The Government\u27s broader response to the recommendations of the Financial System Inquiry will be released later in 2015. Closing date for submissions: Friday, 9 October 201

Final budget outcome 2015-16

The Final Budget Outcome (FBO) encompasses Australian Government general government sector fiscal outcomes for the financial year and is based on external reporting standards. The Charter of Budget Honesty Act 1998 requires that a Final Budget Outcome be released no later than three months after the end of the relevant financial year. The financial statements in the Final Budget Outcome are similar to those in the budget but provide actual outcomes rather than estimates

Understanding the role of performance targets in transport policy

The measurement of performance in the public sector has become increasingly important in recent years and it is now commonplace for transport organisations, and local and national governments, to publish performance goals for service supply and quality. Such commitments, when time referenced, are known as targets. This paper explain how changes in management style, consumer rights legislation, contractual obligations and other factors have combined to make management-by targets increasingly common in the public sector. The advantages and disadvantages of management-by-targets are illustrated through discussion of the processes and experience of setting transport targets in UK national transport policy. We conclude that while some of the targets have had a significant impact on policy makers, managers and their agents, the effects have not always been as intended

Career management attitudes among business undergraduates

© Australian Council for Educational Research 2016. Globalisation, organisational restructuring and new technology have been connected with a shift to ‘protean’ and ‘boundaryless’ career attitudes with workers, including new graduates, increasingly required to be self-reliant in successfully navigating their careers. This study explores protean and boundaryless career attitudes among Business undergraduates and the influence of demographic, background and employment characteristics on these attitudes. Data were collected for Business undergraduates at a UK (N = 88) and Australian university (N = 284). Results indicate the students score more highly, on average, in the self-direction and boundaryless mindset dimensions. Relatively lower mean scores for physical mobility and values-driven suggest a ‘one high, one low’ pattern among the two items that constitute protean and boundaryless career attitudes. Employment status and Business degree specialisation were found to significantly predict career attitudes. Findings develop our understanding of whether emerging professionals are equipped to effectively self-manage their careers and implications for educators and professional practitioners are discussed

Mixed-methods research: What’s in it for economists?

Empirical studies in economics traditionally use a limited range of methods, usually based on particular types of regression analysis. Increasingly, sophisticated regression techniques require the availability of appropriate data sets, often longitudinal and typically collected at a national level. This raises challenges for researchers seeking to investigate issues requiring data that are not typically included in regular large-scale data. It also raises questions of the adequacy of relying mainly or solely on regression analysis for investigating key issues of economic theory and policy. One way of addressing these issues is to employ a mixed-methods research framework to investigate important research questions. In this article, we provide an example of applying a mixed-methods design to investigate the employment decisions of mature age women working in the aged care sector. We outline the use of a coherent and robust framework to allow the integrated collection and analysis of quantitative and qualitative data. Drawing on particular examples from our analysis, we show how a mixed-methods approach facilitates richer insights, more finely grained understandings of causal relationships and identification of emergent issues. We conclude that mixed-methods research has the capacity to provide surprises and generate new insights through detailed exploratory data analysis