Andrew Bragg: Unions keep super power to gild their own future

MRC Policy Director Andrew Bragg writes in The Daily Telegraph: 

Superannuation is compulsory in Australia, so you’d expect super funds to be held to the highest standards of governance, care and transparency.

Yet things are crook. Rampant governance failures exist in super funds where union power and kickbacks come before nest eggs. Payments to unions and squabbles over union board positions is enriching unions at the expense of workers, savers and retirees.

The …


Author Andrew Bragg says Australia needs to fight back against trade protectionism

Original article by ABC's Senior Business Correspondent Peter Ryan  

As Donald Trump's protectionist policies continue to ratchet up global nerves, the Australian Government is being urged to seek trade deals that don't rely on the United States.

Andrew Bragg, the director of policy and research at the Liberal Party-aligned Menzies Research Centre, says Australia needs to fight back against protectionism and find other trade deals to counter Mr Trump's …


Trump turmoil may leave Australia 'flat-footed' on trade warns Menzies thinktank

Original article by Jacob Greber in the Australian Financial Review

Australia needs to fight back against creeping protectionism and accelerate trade deals particularly for services exports to avoid being wrong-footed by US President Donald Trump, commentator Andrew Bragg has argued in a major essay for the Menzies Research Centre.

With the Trans Pacific Partnership, which Australia is a member of, unravelling following Mr Trump's withdrawal from the …


Andrew Bragg: ‘We must remain committed to free trade’

MRC Director of Policy and Research Andrew Bragg writes in The Daily Telegraph:

AUSTRALIA is a trading nation. As President Donald Trump ­removes the United States from the Trans Pacific Partnership, or TPP, we must ­remain committed to free trade.

Free trade fuels Australian jobs and families, gives us better products and underwrites the budget. Free and open markets allow Australians to export beyond our small domestic market. Our economy would be 25 per …


Industry super is Australia's biggest closed shop

MRC Director of Policy and Research Andrew Bragg writes in The Australian Financial Review:

As The Australian Financial Review's Chanticleer column noted in December, declining union membership has not limited the growth or campaign capacity of the modern incarnation of the union movement.

The likes of Getup, Industry Super Australia (ISA) and a bunch of think tanks pursue reckless anti-business policy, naked rent seeking and hypocrisy.

Three examples have emerged …


Welfare for millionaires: unions defend the indefensible

MRC Director of Policy and Research Andrew Bragg writes in The Australian Financial Review:

Australian unions are campaigning to retain pensions for millionaires while opposing a pension boost for battlers.

When properly exposed, this overreach should further erode sagging union membership.

The broader consequences of the misinformed pension debate should elevate sensible players to fill the unions' void but also make it harder to fix long-term budget problems.

The …


MYEFO: interest payments on ballooning debt to hit $20bn a year

Original article by David Crowe in the Australian  

The annual interest bill on federal debt will soar beyond $20 billion by 2020 as the nation counts the cost of deeper deficits, wiping out opportunities to put more cash into hospitals, schools and transport.

The cost of servicing the gross debt, revealed in yesterday’s budget update, will be enough in a single year to build 10 regional hospitals or four mammoth projects such as the Badgerys Creek airport in …


Tony Shepherd issues banana republic warning

Original article by Jacob Greber in the Australian Financial Review

The head of the former Abbott government's budget audit commission, Tony Shepherd, has warned Australia is becoming a "banana republic" and that Monday's budget update will confirm the nation is living beyond its means.

Until Australians recognise and understand the scale of the problem it will be difficult to achieve meaningful change, Mr Shepherd writes in an opinion piece for The Australian …


MYEFO will show Australia becoming a banana republic unless we reform

Tony Shepherd writes in the Australian Financial Review

The era of the Lucky Country is coming to an end as Australia approaches $350 billion in Commonwealth debt this year. Debt which is funding recurrent expenditure. There is no hope of recovery without serious reform which needs to address the fundamental role of government in Australia.

With the release of the Mid-Year Economic and Fiscal Outlook (MYEFO) today, all Australians must now acknowledge we are living …

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