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

Getting us there: funding the transport infrastructure of tomorrow

One of the key challenges facing policymakers is the question of how to fund new transport infrastructure in an increasingly fiscally restrained environment. Infrastructure expenditure is already failing to keep up with community expectations, and population growth is driving demand for new services. Meanwhile, state governments are increasingly restricted by the need to ensure that their credit ratings remain strong. As government continues to balance growing costs and proportionally declining revenue, competition for scare budget dollars will increase and infrastructure investments will be increasingly judged on their long term financial cost to government. To ensure that vital new transport infrastructure is not left off the table in future government budgets, this report has examined a number of options available for boosting the revenue streams associated with currently cost-inhibitive infrastructure classes

The Cost Decision: A New Discount Approach for Net Cost Projects

This discussion paper proposes a new decision rule for economic investment theory, the Cost Decision, and describes a new discount approach for Net Cost Projects and the Net Present Cost Formula. The paper illustrates the problems faced internationally, at all levels of government, of assessing Net Cost Projects from a finance perspective. The paper discusses the Cost Decision in the controversial context of public-private partnerships and compares the four main alternative approaches to the Cost Decision currently used in practice. The paper is also relevant when analysing Net Cost Projects undertaken by private sector entities and individuals.Corporate Finance; Investment; Economic Investment; Finance Investment; Discount Rate; Net Present Cost Formula; Cost Decision; Net Cost Projects; Social Projects; Net Present Cost; Net Present Value;

Barriers in XBRL based Interagency Accounting Information Sharing: Qualitative Evidence from Indonesia

The purpose of this research is to examine barriers in interagency information sharing (IIS). The type of shared information that this research focuses on is the eXtensible Business Reporting Language (XBRL) based financial statements sent by businesses to government agencies. Several researchers attempted to develop theoretical models related to IIS barriers by classifying them into three perspectives, i.e. organizational, technological, and political/policy perspectives. However, as suggested by previous literature, there is a need to apply the framework in non-western countries. This study is employing a qualitative approach by interviewing some key informants from government agencies. The research is engaging with five Indonesian government agencies. At the current state of the research, three barriers have been synthesized as the findings. As future research work, some other barriers have to be analyzed and synthesized by the study to give a more comprehensive understanding