Government financial actions

Oct 14, 2014

Q. The government is considering savings and taxing options to pay for the war in Iraq, lower commodity prices and its inability to pass savings from its May budget this year. Would you approve or disapprove of the following actions it might take?

 

Total approve

Total dis-approve

 

Strongly approve

Approve

Dis-approve

Strongly dis-approve

Don’t know

Higher corporate tax

68%

22%

26%

42%

15%

7%

10%

Abandon its paid parental leave scheme

56%

31%

31%

25%

17%

14%

12%

Cuts to tax concessions in areas like superannuation

21%

67%

4%

17%

33%

34%

13%

Higher income taxes

21%

69%

5%

16%

31%

38%

10%

Cuts to social services, health or education

12%

81%

2%

10%

26%

55%

7%

A majority approve of higher corporate tax (68%) and abandoning the paid parental leave scheme (56%) to pay for the war in Iraq, lower commodity prices and the Government’s inability to pass savings from its May budget this year.

A majority would disapprove of cuts to social services, health or education (81%), higher income taxes (69%) and cuts to tax concessions in areas like superannuation (67%).

Household Financial Situation

May 28, 2012

Q. How would you describe the current financial situation of your household?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total satisfactory

43%

53%

39%

49%

Total unsatisfactory

28%

27%

30%

17%

Very satisfactory

7%

12%

3%

15%

Satisfactory

36%

41%

36%

34%

Neither satisfactory nor unsatisfactory

28%

19%

31%

33%

Unsatisfactory

18%

18%

19%

10%

Very unsatisfactory

10%

9%

11%

7%

Don’t know

1%

1%

*

1%

43% consider their current household financial situation to be satisfactory and 28% say it is unsatisfactory. 28% said it was neither.

Those most likely to be satisfied were full-time workers (49%) and those on incomes over $1,600pw (61%).

Those most likely to be dissatisfied were aged 45-54 (38%), not working (34%) and on incomes under $1,000pw (44%).

Comments »

Australian Industries

May 21, 2012

Q. How much do average Australians benefit from having strong industries in each of the following sectors?

Benefit a lot

Some benefit

A little benefit

No benefit

Don’t know

Tourism

45%

30%

11%

4%

10%

Agriculture

45%

29%

12%

4%

11%

Construction

44%

32%

11%

3%

10%

Mining

44%

31%

10%

4%

11%

Manufacturing

44%

30%

11%

4%

10%

Retail

40%

34%

11%

5%

10%

Hospitality

36%

36%

13%

4%

10%

Finance

34%

34%

15%

5%

11%

Telecommunications

31%

36%

17%

5%

11%

 Over 40% of respondents think the average Australian benefits a lot from having strong industries in tourism (45%), agriculture (45%), construction (44%), mining (44%) and manufacturing (44%).

Major demographic differences were –

60% of aged 55+ think there is a lot of benefit from manufacturing

62% of aged 55+ and 50% of Labor voters think there is a lot of benefit from construction

53% of aged 45-64 think there is a lot of benefit from retail

60% of aged 55+ and 52% of Labor voters think there is a lot of benefit from tourism

58% of aged 55+ and 48% of Coalition voters think there is a lot of benefit from mining

57% of aged 55+ think there is a lot of benefit from agriculture

Comments »

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 Economy – Heading in the Right/Wrong Direction

Mar 26, 2012

Q. Overall, from what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

 

17 May 10

(Post 2010 budget)

9 May 11

(Post 2011 budget)

4 Jul 11

26 Mar 12

Vote Labor

Vote Liberal/ National

Vote Greens

The right direction

51%

45%

37%

36%

65%

19%

47%

The wrong direction

25%

29%

43%

41%

15%

64%

23%

Don’t know

24%

25%

20%

22%

21%

17%

30%

36% of respondents think that Australia’s economy is heading in the right direction – 41% think it is heading in the wrong direction. Opinions have changed little since this question was asked in July last year – “right direction” has dropped 1% and “wrong direction” dropped 2%.

65% of Labor voters, 19% of Liberal/National voters and 47% of Greens voters think the economy is heading in the right direction.

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Party Best at Handling Economy

Mar 26, 2012

Q. Which party do you think would be best at handling the Australian economy in the interests of you and people like you?

 

4 Jul 11

26 Mar 12

Vote Labor

Vote Lib/Nat

Vote Greens

The Labor Party

26%

29%

76%

1%

39%

The Liberal Party

43%

41%

2%

89%

7%

No difference

23%

20%

14%

7%

45%

Don’t know

8%

10%

7%

4%

9%

 

41% (down 2% since July last year) think the Liberal Party would be best at handling the Australian economy in their interests and 29% (up 3%) nominated the Labor Party. 20% think there is no difference.

There were significant differences by income – those earning under $600pw split 38% Labor/30% Liberal while those earning over $1,600pw favoured the Liberal Party 49% to 23% Labor.

Comments »

The Economy

Mar 26, 2012

Q. Over the next 12 months do you think economic conditions in Australia will get better, get worse or stay much the same?  

 

 

1 Dec

08

15 Jun 09

5 Oct

09

28 Jun

10

18 Oct

10

4 April

11

4 Jul

11

3 Oct

11

26 Mar 12

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

21%

43%

66%

33%

40%

27%

22%

16%

25%

42%

17%

26%

Total worse

61%

37%

15%

31%

30%

37%

49%

58%

46%

29%

60%

37%

Get a lot better

2%

5%

8%

5%

6%

4%

3%

2%

3%

5%

2%

1%

Get a little better

19%

38%

58%

28%

34%

23%

19%

14%

22%

37%

15%

25%

Get a little worse

45%

28%

11%

23%

20%

27%

31%

41%

31%

25%

36%

34%

Get a lot worse

16%

9%

4%

8%

10%

10%

18%

17%

15%

4%

24%

3%

Stay much the same

13%

17%

15%

30%

24%

27%

25%

22%

21%

24%

19%

26%

No opinion

5%

3%

4%

7%

6%

8%

4%

4%

7%

4%

4%

12%

Confidence in the economic outlook has strengthened with the percentage of respondents believing conditions to be getting better increasing 9 points to 25%, from 16% in October last year.  Those believing that economic conditions will get worse over the next 12 months has fallen 12 points from 58% to 46%.

Labor voters are optimistic overall – 42% better/29% worse.  Coalition voters are the most pessimistic, with 60% believing that thing will get worse over the next 12 months and only 17% better.

There was little difference across income groups.

Comments »

Impact of Dollar on Industry

Mar 26, 2012

Q. The Australian dollar is now at $1.05 US and has been historically higher than the normal range of 60c-80c US. Is the high Australian dollar good or bad for the following industries?

 

Total good

Total bad

Very good

Good

Neither good nor bad

Bad

Very bad

Don’t know

Mining industry

29%

29%

10%

19%

20%

24%

5%

22%

Farming & Grazing Industry

16%

49%

4%

12%

16%

36%

13%

19%

Finance Industry

38%

15%

9%

29%

25%

12%

3%

21%

Construction Industry

24%

26%

4%

20%

28%

22%

4%

23%

Manufacturing industry

15%

50%

3%

12%

14%

29%

21%

20%

Retail Industry

23%

47%

6%

17%

14%

30%

17%

16%

Australian Tourism Industry

20%

56%

8%

12%

10%

31%

25%

14%

Overall, respondents think that the high Australian dollar has only been good for the finance industry (38% good/15% bad).

They believe that it has been particularly bad for the tourism industry (20% good/56% bad), the manufacturing industry (15%/50%), the farming and grazing industry (16%/49%) and the retail industry (23%/47%)

On the mining industry, they were split 29% good/29% bad.

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