The Productivity Commission report on the inquiry into the circular economy has finally been published. The report 'finds that the Australian Government can support sustainable and efficient materials use by reforming regulation, strengthening product stewardship obligations and fostering coordination and innovation.'

‘Making our economy more efficient and sustainable requires coordinated, ongoing efforts across portfolios and levels of government’ - Commissioner Joanne Chong.

The Productivity Commission's recommendations for governments include:

🦺 Establishing a Circular Economy Regulatory Reform Taskforce with federal, state and territory governments

🔋Progressing a national product stewardship scheme for small-scale solar photovoltaic (PV) systems and investigate a similar scheme for EV batteries.

🏬Developing place-based initiatives to enable coordination, address distance challenges and support businesses to develop and share new ideas.

🛠️ Implementing the recommendations from the PC's #RighttoRepair inquiry

Read the report: https://lnkd.in/gTWzVKRE

#SustainableUse #Circularity #CircularEconomy #AusEcon #Materials #Reuse #Innovation #auspol #auslaw #righttorepair

@johnquiggin an #ausecon truism holds that new-builds should be cheap, for the young folk and investment, independent of rampant speculation and asset inflation.

Global markets are in freefall and the five trillion dollar bloodbath is gathering pace. Wall Street is shuddering, Nvidia’s extraordinary valuation is under pressure, and analysts are warning Australians that much of our housing wealth may be nothing more than fiction.
If this slide continues, we may be looking at the early signs of a genuine global recession.

#economy #markets #finance #recession #globalrisk #ausecon

https://www.news.com.au/finance/economy/world-economy/5-trillion-fears-as-bloodbath-continues/news-story/af1cfe1f2db242d5fa7ea219f1b2080a

The RBA's latest is a grim read. Key warnings:

Economic growth stuck in the "slow lane"
Inflation refusing to die
A likely interest rate RISE is now being discussed
This is a recipe for severe financial pain for households.

The situation is escalating.

#auspol #ausecon #rba #costofliving #Canada #newzealand #inflation

https://www.abc.net.au/news/2025-11-10/rba-warns-economic-growth-could-stay-in-slow-lane-rates/105989680

At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent.
#rba #ausecon

I wondered if knock-down rebuilds were included in the Government's new houses target. #ausEcon

Australian Bureau of Statistics (ABS): "The Australian Government has set a target to build 1.2 million well located dwellings between July 2024 and June 2029. The measure used to track this target is the gross number of new dwelling completions ..."

On my quick read, it seems not. It's a gross number, not a net number.

ABS: "Despite a total rebuild rate of 2.1, most knock-down rebuild projects were one-for one projects (58.4%). This highlights the fact that most knock-down rebuilds are not adding to overall housing stock, but instead are used as a means of significantly upgrading an existing detached dwelling."

Source: https://www.abs.gov.au/articles/approvals-knock-down-rebuilds

I realise now what the disconnection was last night between #ABC730 host Sarah Ferguson and guest “nuclear” Ted O’Brien.

Sure it was the trench warfare of “I’m not going to announce our policy on your show.” A continuation of the Liberal Party avoidance of testable policy.

But it was also a refusal to acknowledge a factual change of circumstances.

Ferguson posed a question about a changed timescale - 3 years to the next election and a coal power phase out. Wouldn’t changed circumstances require a change of plan?

A simple “yes” would’ve worked. Or “yes, when the situation changes one must change one’s plan.” But O’Brien refused to engage and repeatedly used the excuse of the party needing to consider all their policies. He doggedly answered a question she didn’t ask.

By his own admission they have a lot of listening and learning to do - but he doesn’t seem to have started.

#auspol #nuclearTed #ausEcon

@liamvhogan #Canberra was pretty sparse and to me felt reasonably egalitarian in the 1970s/1980s. The cost and availability of housing now is a huge problem. Isn’t it nationwide - in fact international? #ausecon

BREAKING: Clancy confronting@JEChalmers post Cyclone budget speech in Brisbane: "Young people of this nation are going to suffer for the rest of their lives. When is labor going to stop funding and approving new coal and gas?" @australianlabor.bsky.social @albomp.bsky.social #auspol #ausecon

ATO Whistleblower Richard D Boyle warned us of developments that would make #robodebt look like a picnic. THEY'RE HERE. #AusEcon #AusPol #ATO

RE: https://bsky.app/profile/did:plc:ffrzw3a3ldutitk6zm6dim75/post/3liyfxdcypk2m

New survey reveals financial struggles for many Australians: 1 in 5 have less than $100 in savings, while 10.3% have no savings but are debt-free. 15.8% are in debt or seeing it grow, and 26.5% say their savings are declining or they’re saving less than usual. Only 4.2% saved more in the past year, with 16.6% managing to save consistently. #FinancialWellness #SavingsStruggles #ausecon #auseconomy #auspol

https://www.9news.com.au/national/nearly-one-in-five-australians-less-than-100-dollars-in-savings-research-reveals/36228757-5d7d-481c-b05e-5b533040b357

@Power @jhaue What a poor article. Much assertion, generalisation, almost no numbers and definitely no footnotes! And NO ANALYSIS. It looks to me like #ABCNewsAU was fed material by AIG’s Tennant Reed (he of the nice photo) and ABC then sought “balance” from ACF (and not CSIRO, ANSTO, AEMO). #ausecon #auspol

How Australia’s economy was destroyed by stealth #auspol #ausecon

https://www.macrobusiness.com.au/2024/12/how-australias-economy-was-destroyed-by-stealth/

#ABC730 #auspol #ausecon Question for Ted O’Brien: how long will the contracts run for private security companies to guard nuclear waste?

#ff @katie_hill2 who just helped me understand some significant #auspol/#ausecon nuance. Thanks Katie!!

“The Coalition has committed to allowing withdrawals of $50,000 from super” by first home buyers.

This is in #ABCNewsAU this morning reporting on a Q+A poll. It’s accompanied by zero analysis. (Saving it for Alan Kohler tomorrow on #QAndA I guess, which prioritises eyeballs?)

So, first home buyers will have $50,000 more to spend on a house, further pushing up house prices.

#ausecon #auspol

More people are seeking help as Australia's economy slows down, #RBA governor acknowledges "Some may ultimately make the difficult decision to sell their homes"
#ausecon #auspol #LuckyCountry #BetterNotBigger #auseconomy
https://www.abc.net.au/news/2024-09-05/rba-michele-bullock-more-australians-seeking-help-cost-of-living/104313588

#CommonwealthBank CEO Matt Comyn says Australians should be taxed more heavily on #wealth rather than income.

Comyn today backed a "critical" tax reform that would increase the amount of tax charged on an individual's wealth in an effort to drive prosperity.

#taxreform #australianeconomy #wealthtax #taxtherich #ausecon

https://www.9news.com.au/national/commonwealth-bank-boss-matt-comyn-calls-for-wealth-not-income-to-be-taxed-more-inquiry/79633739-5158-42bd-a316-a7be152cd4d6

Canada and Australia rolled the dice on housing—and lost.

IFM Investors’ Chief Economist shared this chart highlighting the stark divergence in household debt between Australia, Canada, and the United States. It’s a telling comparison that speaks volumes about economic strategy. #housing #ausecon #auseconomy

https://www.macrobusiness.com.au/2024/08/canada-and-australia-bet-on-housing-and-lost/

Tsunami of financial distress: a sad indictment of society. Banks' lenient lending during record-low interest rates has led to today's #mortgagecrisis. They knew it was unsustainable once rates rose. #FinancialCrisis #MortgageCrisis #BankingReform #ausecon #auseconomy #auspol #bankingroyalcommission

https://www.smh.com.au/national/nsw/tsunami-of-financial-distress-a-sad-indictment-of-society-20240708-p5jruw.html