Royal Commission

Jul 15, 2014

Q. Following reports of fraud, forgery and a cover-up in the financial planning division of the Commonwealth Bank, there have been calls for a Royal Commission. Would you agree or disagree that there needs to be a Royal Commission into banks and financial planning?

 

Total

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote Other

 

Received financial advice

Total agree

73%

76%

70%

75%

71%

80%

Total disagree

11%

6%

16%

4%

14%

12%

Strongly agree

34%

35%

29%

37%

42%

33%

Agree

39%

41%

41%

38%

29%

47%

Disagree

8%

5%

11%

4%

9%

10%

Strongly disagree

3%

1%

5%

5%

2%

Don’t know

17%

17%

15%

20%

14%

8%

73% agree and only 11% disagree that there needs to be a Royal Commission into banks and financial planning.

At least 70% of all voter groups agree and 80% of people who have used a planner or received a financial advice also agree.

Trust in use of personal information

Sep 24, 2013

Q. How much trust do you have in the following organisations to responsibly use any personal information they may have about you?

 

Total trust

 

A lot of trust

Some trust

A little trust

No trust

Don’t know

Not applicable to me

The medical profession

73%

35%

38%

19%

4%

3%

*

Law enforcement agencies

56%

20%

36%

27%

12%

4%

1%

Your employer

46%

19%

27%

21%

7%

3%

22%

Banks

45%

13%

32%

32%

19%

3%

*

Companies you buy things from in person

44%

7%

37%

37%

14%

4%

*

The Government

31%

6%

25%

35%

30%

3%

*

Mobile phone and internet providers

29%

4%

25%

40%

27%

4%

*

Companies you buy things from online

27%

3%

24%

43%

24%

4%

3%

Insurance companies

26%

4%

22%

36%

33%

3%

1%

TV networks

20%

3%

17%

37%

36%

6%

1%

Social media sites

12%

1%

11%

24%

54%

4%

5%

The most trusted people/organisations to use personal information were the medical profession (73% trust), law enforcement agencies (56%), employers (46%), banks (45%) and companies you buy things from in person (44%). The least trusted were social media sites (12%) and TV networks (20%).

The past year – the economy and industries

Dec 17, 2012

Q. Thinking about the last 12 months, has it been a good or bad year for each of the following?

 

Total good

(Dec 10

Total bad

(Dec 10)

Total good

(Dec 11)

Total bad (Dec 11)

Total good

(Dec 12)

Total bad

(Dec 12)

Very good

Good

Neither good nor
bad

Bad

Very bad

Don’t know

The banks

69%

13%

71%

8%

68%

11%

30%

38%

17%

8%

3%

5%

The mining industry

57%

14%

68%

11%

53%

19%

17%

36%

22%

15%

4%

6%

Large companies and corporations

44%

15%

40%

22%

32%

31%

5%

27%

32%

25%

6%

6%

The Australian economy

41%

20%

33%

31%

29%

37%

4%

25%

32%

28%

9%

3%

You and your family

na

na

na

na

29%

36%

6%

23%

34%

25%

11%

2%

The media

30%

14%

25%

27%

21%

40%

5%

16%

33%

29%

11%

6%

Farming and agriculture

14%

50%

23%

40%

20%

40%

2%

18%

33%

28%

12%

7%

Trade unions

na

na

na

na

18%

30%

4%

14%

37%

22%

8%

15%

The environment

14%

37%

20%

33%

18%

37%

3%

15%

40%

26%

11%

6%

The average Australian

na

na

na

na

17%

45%

2%

15%

36%

34%

11%

3%

Small business

14%

45%

10%

61%

10%

62%

1%

9%

24%

39%

23%

5%

Australian politics in general

na

na

na

na

9%

61%

2%

7%

26%

29%

32%

4%

A majority of respondents think it has been a good year for the banks (68%) and the mining industry (53%). They are split over whether it has been a good year for large companies and corporations (32% good/31% bad). However, they are much more likely to think the year has been bad for small business (62%), Australian politics in general (61%), the average Australian (45%), farming and agriculture (40%) and the media (40%).

Compared to last year’s results, respondents considered 2012 a worse year than 2011 for the mining industry (“good” down 15% to 53%), large companies and corporations (“good” down 8% to 32%) and the media (“bad” up 13% to 40%).

Trust in People and Organisations

Jun 18, 2012

Q. How much trust do you have that the following people or organisations can be relied on to act in the community’s interest?

 

Total a lot/some trust

Total little/no trust

A lot of trust

Some trust

A little trust

No trust

Don’t know

Net trust
Kevin Rudd

37%

56%

14%

23%

26%

30%

7%

-19

Malcolm Turnbull

33%

54%

8%

25%

29%

25%

14%

-21

Tony Abbott

29%

63%

10%

19%

20%

43%

7%

-34

Julia Gillard

26%

67%

8%

18%

22%

45%

6%

-41

Mining magnates like Clive Palmer and Gina Rinehart

14%

73%

3%

11%

23%

50%

13%

-59

Australian companies

46%

47%

8%

38%

35%

12%

7%

-1

Banks

17%

66%

2%

15%

32%

44%

7%

-49

Foreign companies

8%

81%

1%

7%

24%

57%

10%

-73

There was a substantial lack of trust in all people and organisations tested with the exception of Australian companies – which split 46% a lot/some trust and 47% little/no trust.

For both the Labor Party and the Liberal Party, the current leaders were less trusted than the previous leaders. However, all political leaders were more trusted than mining magnates like Clive Palmer and Gina Rinehart.

Among Labor voters, 58% had a lot/some trust in Julia Gillard and 58% had a lot/some trust in Kevin Rudd. Among Liberal/National voters, 58% had a lot/some trust in Tony Abbott and 44% had a lot/some trust in Malcolm Turnbull.

Bank Regulation

May 7, 2012

Q. Thinking about banks in Australia, would you support or oppose the Government taking the following actions on banking?

 

Total support

Total oppose

Strongly support

Support

Oppose

Strongly oppose

Don’t know

Establishing a Government-owned bank

55%

23%

21%

34%

15%

8%

22%

Only permitting banks to change interest rates in line with Reserve Bank rates.

74%

16%

37%

37%

11%

5%

10%

Capping bank CEO’s salaries.

81%

12%

55%

26%

9%

3%

7%

Ensuring bank fees are not higher than the actual cost of the service

90%

5%

64%

26%

4%

1%

5%

Imposing a super profits tax on banks (like the mining tax)

59%

21%

34%

25%

16%

5%

20%

 

A majority of respondents supported all listed actions on banking. In particular, 90% supported regulating bank fees, 81% supported capping CEO salaries and 74% supported making banks pass on Reserve Bank interest rate changes.

There was majority support for all actions from both Labor and Liberal/National voters – although support tended to be stronger from Labor voters.

Comments »

The Past Year – The Economy and Industries

Dec 12, 2011

Q. Thinking about the last 12 months, has it been a good or bad year for each of the following?

Total good

(Dec 10

Total bad

(Dec 10)

Total good Total bad Very good Good Neither good nor bad Bad Very bad Don’t know
The banks 69% 13% 71% 8% 35% 36% 16% 6% 2% 4%
The mining industry 57% 14% 68% 11% 34% 34% 15% 8% 3% 6%
Large companies and corporations 44% 15% 40% 22% 8% 32% 32% 18% 4% 6%
The Australian economy 41% 20% 33% 31% 4% 29% 32% 24% 7% 3%
The media 30% 14% 25% 27% 6% 19% 37% 19% 8% 10%
Farming and agriculture 14% 50% 23% 40% 2% 21% 30% 28% 12% 7%
The environment 14% 37% 20% 33% 3% 17% 41% 24% 9% 6%
Small business 14% 45% 10% 61% 1% 9% 24% 42% 19% 6%

A majority of respondents think it has been a good year for the banks (71%) and the mining industry (68%). They are also more likely to think it has been a good year for large companies and corporations (40% good/22% bad) and the economy (33%/31%). However, they are more likely to think the year has been bad for small business (61%), farming and agriculture (40%) and the environment (33%).

In terms of the economy, Labor voters (50% good/18% bad) and Greens voters (47%/15%) were more likely to think it has been a good year – while 45% of Liberal/National voters considered it poor and 23% good.

Compared to last years’ results, respondents considered 2011 a better year than 2010 for the mining industry (up 11% to 68% good), farming and agriculture (up 9% to 23%) and the environment (up 6% to 20%). Perceptions of the economy dropped from a net +21% to +2%.

Comments »

Performance of Groups/Organisations

Jan 31, 2011

Q. And from what you have seen and heard, how would you rate each of the following in terms of how they have responded to the floods?

Total good Total poor Very good Good Average Poor Very poor Don’t know
The Federal Labor Government 48% 15% 15% 33% 26% 7% 8% 11%
The Federal Coalition Opposition 29% 19% 6% 23% 37% 12% 7% 15%
The Queensland State Government 78% 3% 48% 30% 10% 1% 2% 9%
The Queensland State Government (Qld only) 79% 3% 51% 28% 11% 1% 2% 7%
The Victorian State Government 48% 4% 14% 34% 22% 3% 1% 26%
The Victorian State Government (Vic only) 53% 8% 13% 40% 23% 6% 2% 16%
The NSW State Government 33% 12% 8% 25% 27% 8% 4% 27%
The NSW State Government (NSW only) 26% 22% 5% 21% 33% 13% 9% 20%
The Australian military 78% 2% 49% 29% 8% 1% 1% 10%
State emergency services 88% 2% 71% 17% 4% 1% 1% 7%
The media 61% 9% 26% 35% 23% 5% 4% 7%
The banks 22% 26% 6% 16% 30% 17% 9% 23%
The insurance industry 10% 53% 2% 8% 22% 25% 28% 14%
Australian businesses overall 48% 8% 13% 35% 30% 6% 2% 14%
The Australian people overall 85% 2% 56% 29% 7% 1% 1% 6%

Groups with highest ratings for their response to the floods were state emergency services (88% good), the Australian people overall (85%), the Queensland State Government (78%) and the Australian military (78%).

The Federal Government’s response was rated 48% good/15% poor/26% average while the Federal Opposition was rated 29% good/19% poor/37% average.

The only groups with overall negative ratings were the insurance industry (53% poor/10% good) and the banks (26% poor/22% good).

Comments »

The Past Year – The Economy and Industries

Dec 13, 2010

  Q. Thinking about the last 12 months, has it been a good or bad year for each of the following?

  Total good Total bad Very good Good Neither good nor bad Bad Very bad Don’t know
The banks 69% 13% 42% 27% 14% 9% 4% 4%
The mining industry 57% 14% 27% 30% 24% 11% 3% 6%
Large companies and corporations 44% 15% 10% 34% 35% 13% 2% 7%
The Australian economy 41% 20% 5% 36% 36% 17% 3% 4%
The media 30% 14% 8% 22% 45% 10% 4% 10%
The environment 14% 37% 2% 12% 43% 28% 9% 5%
Small business 14% 45% 2% 12% 35% 34% 11% 6%
Farming and agriculture 14% 50% 2% 12% 31% 35% 15% 5%

 A majority of respondents think it has been a good year for the banks (69%) and the mining industry (57%). They are also more likely to think it has been a good year for large companies and corporations (44% good/15% bad), the economy (41%/20%), and the media (30%/14%).

 However, they are more likely to think the year has been bad for farming and agriculture (50%), small business (45%) and the environment (37%).

In terms of the economy, all voter groups were more likely to think it has been a good year – Labor 55% good/11% bad, Liberal/National 33%/29% and Greens 53%/12%. Comments »

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