|
History Of Tariffs In Australia
Australian governments, both those of the colonies after the introduction of responsible government in the 1850s and the national government since federation in 1901, have had the power to fix and change tariff rates. This power resides in the respective legislatures, with tariffs, being a tax law, is required to originate in the lower house of the legislature. Tariffs have always been a contentious issue in Australian politics. At times they have been the focus of an intense debate. This was particularly true in the debate in the colonies leading up to the Australian federation and the ensuing debate in the federal Parliament when it was necessary to establish a uniform Australia-wide schedule of tariff rates. It was true also in the period of the 1970s and 1980s when reforms began the process of lowering tariff levels. The outcomes of these debates have had an effect on the growth of the Australian economy and the distribution of real household income. Pre-federation The first tar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Responsible Government
Responsible government is a conception of a system of government that embodies the principle of parliamentary accountability, the foundation of the Westminster system of parliamentary democracy. Governments (the equivalent of the executive branch) in Westminster democracies are responsible to parliament rather than to the monarch, or, in a colonial context, to the imperial government, and in a republican context, to the president, either in full or in part. If the parliament is bicameral, then the government is responsible first to the parliament's lower house, which is more representative than the upper house, as it usually has more members and they are always directly elected. Responsible government of parliamentary accountability manifests itself in several ways. Ministers account to Parliament for their decisions and for the performance of their departments. This requirement to make announcements and to answer questions in Parliament means that ministers must have the priv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emerging la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GATT
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis." The GATT was first discussed during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). It was signed by 23 nations in Geneva on 30 October 1947, and was applied on a provisional basis 1 January 1948. It remained in effect until 1 January 1995, when the World Trade Organization (WTO) was established after agreement by 123 nations in Marrakesh on 15 April 1994, as part of the Uruguay Round Agreements. The WTO is the successor to the GATT, and the original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Productivity Commission
The Productivity Commission is the Australian Government's principal review and advisory body on microeconomic policy, regulation and a range of other social and environmental issues. The Productivity Commission was created as an independent authority by the ''Productivity Commission Act 1998'', an Act of the Australian Parliament. The Commission operates within the Treasury portfolio and its core function involves responding to references from the Treasurer, which can request a commissioned study or a public inquiry. References to the Commission stipulate the length and terms of the project and may cover any sector of the Australian economy; address a particular industry or cut across industry boundaries; and involve wider social or environmental issues. Most projects are specified for nine or twelve-month duration, although some may be six or fifteen months. Both studies and inquiries accept submissions from members of the public, although inquiries are additionally require ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Scullin
James Henry Scullin (18 September 1876 – 28 January 1953) was an Australian Labor Party politician and the ninth Prime Minister of Australia. Scullin led Labor to government at the 1929 Australian federal election. He was the first Catholic, as well as Irish-Australian, to serve as Prime Minister of Australia. The Wall Street Crash of 1929 transpired just two days after his swearing in, which would herald the beginning of the Great Depression in Australia. Scullin's administration would soon be overwhelmed by the economic crisis, with interpersonal and policy disagreements causing a three-way split of his party that would bring down the government in late 1931. Despite his chaotic term of office, Scullin remained a leading figure in the Labor movement throughout his lifetime, and served as an ''éminence grise'' in various capacities for the party until his retirement in 1949. The son of working-class Irish-immigrants, Scullin spent much of his early life as a laborer an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Party Of Australia
The Liberal Party of Australia is a centre-right political party in Australia, one of the two major parties in Australian politics, along with the centre-left Australian Labor Party. It was founded in 1944 as the successor to the United Australia Party and has since become the most successful political party in Australia's history. The Liberal Party is the dominant partner in the Coalition with the National Party of Australia. At the federal level, the Liberal Party and its predecessors have been in coalition with the National Party since the 1920s. The Coalition was most recently in power from the 2013 federal election to the 2022 federal election, forming the Abbott (2013–2015), Turnbull (2015–2018) and Morrison (2018–2022) governments. After the Liberal Party lost the 2022 Australian federal election, Morrison announced he would step down as leader of the Liberal Party. Deputy Leader Josh Frydenberg also lost his seat, making senior Liberal MP Peter Dutton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Lyne
Sir William John Lyne KCMG (6 April 1844 – 3 August 1913) was an Australian politician who served as Premier of New South Wales from 1899 to 1901, and later as a federal cabinet minister under Edmund Barton and Alfred Deakin. He is best known as the subject of the so called " Hopetoun Blunder", unexpectedly being asked to serve as the first Prime Minister of Australia but proving unable to form a government. Lyne was born in Van Diemen's Land, the son of a pastoral farmer. When he was 20, he and cousin took up a sheep station in North West Queensland. However, he moved back home after a few years and found work in local government. Lyne moved to New South Wales in 1875, buying a station near Albury and becoming prominent in community affairs. He was elected to the colonial Legislative Assembly in 1880, and first entered cabinet in 1885 under George Dibbs. He was a member of the Protectionist Party, and a major opponent of free-traders Henry Parkes and George Reid. Lyne was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
