Party Best at Handling Issues

Nov 8, 2010

Q. Between Liberal and Labor, which party do you think would be best at managing each of the following issues?

  Labor Liberal No difference Don’t know Labor-Liberal difference
Improving wages for low income earners 34% 20% 34% 13% +14
The age pension 27% 23% 37% 13% +4
Executive salaries 22% 20% 44% 14% +2
Unemployment 24% 25% 38% 13% -1
Regulation of large corporations 21% 24% 41% 14% -3
Affordability of housing 19% 24% 44% 13% -5
Jobs going overseas 18% 24% 44% 14% -6
Superannuation 18% 27% 40% 15% -9
Petrol and energy prices 16% 26% 45% 13% -10
Regulation of banks 19% 29% 39% 14% -10
Interest rates 17% 30% 41% 13% -13
Food prices and inflation generally 18% 31% 38% 13% -13
Taxation 18% 32% 37% 13% -14
Government debt 15% 42% 31% 12% -27

The only substantial lead for the Labor Party is on improving wages for low income earners (34% to 20%).

 Liberal Party strengths are in managing Government debt (42%/15%), taxation (32%/18%), food prices and inflation (31%/18%) and interest rates (30%/17%).

Although overall opinions are closely related to voting intention, the Liberal Party generally performs better among its voters than the Labor Party does with its voters. On Government debt Labor voters split 35% Labor/14% Liberal/42% no difference and on petrol and energy prices 37%/2%/50%. Comments »

Regulation is the new black

Nov 2, 2010

First Published on The Drum 02/11/2010

Joe Hockey is swanning around the airwaves like the coolest kid at school, convinced he’s discovered a new fad that’s sure to catch on. It’s called regulation and it rocks.

Of course many old hands may wonder whether all Joe has done is stumble upon a bit of retro, like some early Midnight Oil recordings, but right now Joe is stoked, he’s got a new tattoo and everyone is checking him out. Even the Greens want to play with him.

Still, if the old post-election cliche that the ‘people always get it right’ has any sort of credibility, Joe’s biggest risk is he’ll soon be overtaken by a bunch of converts who want to take the trend way more seriously than a wide-boy with a beat-box can.

As the latest Essential Report shows, there are votes to be won in regulating the bastard banks, especially in a week when Westpac is tipped to tip the Big Four’s profits over the $20 billion mark.

Comments »

Regulation of Banks – Level of Regulation

Nov 1, 2010

Q. Thinking about banking in Australia, do you think there needs to be more or less regulation of banks or is the present level of regulation about right?

  Total Vote Labor Vote Lib/Nat Vote Greens
Needs to be more regulation 64% 68% 67% 57%
Needs to be less regulation 4% 2% 5% 4%
Present regulation about right 20% 20% 20% 35%
Don’t know 12% 10% 8% 4%

64% believe there needs to be more regulation of Australian banks and 20% think the present level of regulation is about right. Only 4% think there needs to be less regulation. Labor and Coalition voters show similar support for more regulation while Greens voters are more likely to approve of the present level regulation.  72% of those aged 45-64 want more regulation. Comments »

Regulation of Banks – Specific Rules

Nov 1, 2010

Q. Would you support or oppose the following regulations for Australia’s banks?

  Total support Total oppose Strongly support Support Oppose Strongly oppose Don’t know
Stopping banks from sending jobs off-shore 83% 7% 46% 37% 5% 2% 9%
Only permitting banks to change interest rates in line with Reserve Bank rates 82% 11% 53% 29% 8% 3% 7%
Capping bank CEO’s salaries 84% 9% 60% 24% 7% 2% 6%
Ensuring bank fees are not higher than the actual cost of the service 91% 4% 67% 24% 3% 1% 4%
A requirement to let customers know if their personal data is being sent to other countries for processing 93% 2% 71% 22% 2% * 6%
Tougher rules about giving loans and credit 74% 15% 32% 42% 13% 2% 12%

More than 90% support regulations requiring banks to let customers know if their personal data is being sent to other countries for processing and ensuring bank fees are not higher than the actual cost of the service. Over 80% support stopping banks from sending jobs off-shore, only permitting banks to change interest rates in line with Reserve Bank rates and capping bank CEO’s salaries.

There were no substantial differences by voting intention – all regulations were strongly supported by all voter groups.

  Total support Vote Labor Vote Lib/Nat Vote Greens
Stopping banks from sending jobs off-shore 83% 85% 85% 83%
Only permitting banks to change interest rates in line with Reserve Bank rates 82% 87% 82% 73%
Capping bank CEO’s salaries 84% 88% 83% 86%
Ensuring bank fees are not higher than the actual cost of the service 91% 93% 93% 90%
A requirement to let customers know if their personal data is being sent to other countries for processing 93% 94% 93% 94%
Tougher rules about giving loans and credit 74% 71% 80% 77%

Comments »

Support for Government-owned Bank

Nov 1, 2010

Support for Government-owned Bank

 Q. Would you support or oppose the establishment of a Government-owned bank to compete with the private banks?

  Total Vote Labor Vote Lib/Nat Vote Greens
Total support 62% 68% 60% 72%
Total oppose 17% 14% 21% 16%
Strongly support 28% 32% 27% 33%
Support 34% 36% 33% 39%
Oppose 11% 9% 13% 13%
Strongly oppose 6% 5% 8% 3%
Don’t know 22% 19% 19% 13%

 62% support and 17% oppose the establishment of a Government-owned bank to compete with the private banks.

Strongest support is shown by men (68%), Greens voters (72%) and full-time workers (68%). Comments »

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