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YOU WONT BELIEVE: 5 - What They Never Told You

Numbers behind bars more than doubles

New figures have shown Australia's incarceration has more than doubled since 1985.

AAP

Growing prison populations in Australia are costing $4.2bn a year despite falling crime rates, Labor says

‘If the incarceration rate had remained at its 1985 level, Australia would have saved $2.6bn,’ says assistant treasury minister Andrew Leigh

The Guardian - AU

Surprise petrol price dip amid global fear

Motorists are seeing a mixed bag of petrol prices, with some retailers even charging less than the wholesale price, as global economic warnings abound.

AAP

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Minister urges action on corporate tax

The assistant minister for competition has told a global forum that nations need to keep the pressure on multinationals dodging corporate tax.

AAP

Tougher penalties for cartel behaviour

Businesses will be getting more than a slap on the wrist for anti-competitive behaviour under new legislation, helping to keep prices low for consumers.

AAP

Big business facing steep fine increases in competition, cost-of-living crackdown

The government will raise the base maximum penalty, unchanged for decades, to stop companies from simply absorbing fines.

The New Daily

Peter Dutton hits out at republicans seeking ‘political advantage’ from Queen’s death

Opposition leader accuses Labor minister of rewriting history over suggestion King Charles III might not appear on $5 note

The Guardian - AU

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Unexpected items and customs to change under the King’s reign

Countless everyday items, important documents and cultural customs will need to be updated in the wake of the Queen's death.

The New Daily

Australia open to replacing queen's image on banknotes with local figures

The Australian government said on Tuesday that the image of King Charles III would not automatically replace Queen Elizabeth II's on A$5 notes, and it may be replaced by Australian figures.

Reuters

Queen may be replaced by an Australian rather than King Charles III on $5 note

Monarch features on coins ‘as a matter of tradition’, but Elizabeth II is on banknote due to her ‘personal’ status, minister says

The Guardian - AU

Coins with the face of King Charles III will begin circulating across Australia in 2023

Coins with the face of King Charles III will be minted and begin to appear in circulation from next year, though the new King will face the opposite way than his mother Queen Elizabeth II.

ABC News

Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

The Conversation

The jostling winners in a dog-eats-dog high inflation world

The cost of living is increasing at its fastest rate since 1990. Inequality means more status competition, as people jostle in a high-stakes economy.

Newsroom.co.nz

Shrinkflation bites as popular Snickers bar gets downsized

The New Daily

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ABC News

Large firms dominate Australia's economy and it's costing you money, says Labor MP Andrew Leigh

Australia's economy is becoming more concentrated, and dominant firms are increasing prices.

AAP

Record number of new Australian businesses

The pandemic years saw a surge in new businesses with many Australians looking to "follow their dreams" by starting their own ventures.

The Guardian - AU

Large firms are consolidating power like Scott Morrison consolidates jobs – and it’s hurting productivity

In a speech today, the assistant minister for competition, Andrew Leigh, will point the finger at big business over the inflation crisis

The Canberra Times

Economy at risk of low productivity: Andrew Leigh

An ACT politician believes a lack of competition and low productivity will stagnate the economy.

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ABC News

Federal government inquiry into 'civic crisis' amid fall in volunteering indicates 'collapse in community life'

The federal government has launched an inquiry into the "collapse in community life" that's causing plummeting rates of volunteering, charitable donations, and even friendship.

The New Daily

‘Fleecing the public’: Labor puts corporate giants on notice as Rio Tinto coughs up $1 billion in tax

Corporate giants failing to pay their fair share of tax have been put on notice as Labor prepares to introduce a crackdown on multinational tax dodgers.

The Guardian - AU

Labor vows to shake up ‘cosy monopolists’ with fines of up to $50m for anti-competitive behaviour

Andrew Leigh says stopping ‘excessive market concentration’ is key to lifting competition to benefit workers and consumers

The New Daily

Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The New Daily

Census findings to reveal the big questions confronting modern Australia

In the early years after European settlement, it wasn’t called a ‘Census’, it was called a ‘muster’ – when settlers gathered together to be counted.

The Guardian - AU

Charities to lobby new Labor government to protect right to engage in political advocacy

Charities ‘relieved’ at change of government after complaints Coalition stifled political advocacy, but say reform is needed

The Guardian - AU

Resignation of Gary Johns from Australian charities regulator ends Liberals’ war on sector, Labor says

Decision was ‘entirely his own’, assistant minister for charities, Andrew Leigh says, and government will work with sector to ‘fix fundraising’

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