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Fightback! (policy)
Fightback! was a 650-page economic policy package document proposed by John Hewson, federal leader of the Liberal Party of Australia and Leader of the Opposition from 1990 to 1994. It represented the start of their new economic liberal future policy direction, very different from the Keynesianism they previously practised. The package was part of their unsuccessful policy platform at the 1993 election. Key elements The key elements of Fightback! were: * Changes to industrial relations, including the abolition of awards and the elimination of automatic entitlements to unemployment benefits after nine months; * Changes to Medicare, including the "abolition of bulk billing except for veterans, war widows, pensioners, health card holders and the disabled" and the "provision of gap insurance for medical bills". * The introduction of a goods and services tax (GST) at a 15% rate; * A $13 billion personal income tax cut, directed largely at the middle and upper-middle income earner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Hewson
John Robert Hewson AM (born 28 October 1946) is an Australian former politician who served as leader of the Liberal Party from 1990 to 1994. He led the Liberal-National Coalition to defeat at the 1993 Australian federal election. Hewson was born in Sydney, New South Wales, and earned a PhD in Economics from Johns Hopkins University. He has also attained degrees from the University of Sydney and the University of Regina. Before entering politics, Hewson worked as an economist for the Reserve Bank of Australia, an economic advisor to the Fraser government, a business journalist, and a director of Macquarie Bank. In 1987, Hewson was elected to the House of Representatives. He was appointed to the shadow cabinet in 1988, serving under John Howard and Andrew Peacock. After Peacock lost the 1990 election, Hewson was elected leader of the Liberal Party in his place, thus becoming Leader of the Opposition. In 1991, he launched the '' Fightback!'' policy manifesto, which pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indirect Taxation
An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax collecting authority does not suffer a corresponding reduction in income, i.e., the effect and tax incidence are not on the same entity meaning that tax can be shifted or passed on, then the tax is indirect. An indirect tax is collected by an intermediary (such as a retail store) from the person (such as the consumer) who pays the tax included in the price of a purchased good. The intermediary later files a tax return and forwards the tax proceeds to government with the return. In this sense, the term indirect tax is contrasted with a direct tax, which is collected directly by government from the persons (legal or natural) on whom it is imp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political History Of Australia
The politics of Australia operates under the written Australian Constitution, which sets out Australia as a constitutional monarchy, governed via a parliamentary democracy in the Westminster tradition. Australia is also a federation, where power is divided between the federal government and the states. The monarch, currently King Charles III, is the head of state and is represented locally by the governor-general, while the head of government is the prime minister, currently Anthony Albanese. The country has maintained a stable liberal democratic political system under its Constitution, the world's tenth oldest, since Federation in 1901. Australia is the world's sixth oldest continuous democracy and largely operates as a two-party system in which voting is compulsory. Like other Westminster-style systems of government, Australia's federal system of government consists of three branches: the legislative (Parliament), the executive (the prime minister, the cabinet, oth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 1990s Recession In Australia
The early 1990s recession saw a period of economic downturn affect much of the world in the late 1980s and early 1990s. The economy of Australia suffered its worst recession since the Great Depression. Background In October 1987, the international Stock Market Slump saw markets crash around the world. The crisis originated when Japan and West Germany pushed up interest rates, pressuring US rates also to rise, triggering a massive sell-off of US shares. Global share prices fell an average of 25%, but Australia saw a 40% decline.Barnett & Goward; John Howard Prime Minister; Viking; 1997; Ch 12 17 of the 18 major OECD economies experienced a recession in the early 1990s. In the 1980s, Singapore Prime Minister Lee Kuan Yew famously predicted that Australia was at risk of becoming the "white trash of Asia" due to high unemployment, inflationary pressures, and government debt. At the time of the comments, Bob Hawke was Australia's Prime Minister and he stated that the comment was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Reith
Peter Keaston Reith (15 July 1950 – 8 November 2022) was an Australian politician who served in the House of Representatives from 1982 to 1983 and from 1984 to 2001, representing the Liberal Party. He was the party's deputy leader from 1990 to 1993, and served as a minister in the Howard government. Reith was born in Melbourne and studied law at Monash University. He settled in Cowes, Victoria, and served on the Phillip Island Shire Council from 1976 to 1981 (including as shire president for a period). Reith was elected to parliament at the 1982 Flinders by-election. He lost his seat at the 1983 federal election, but won it back the following year. In 1990, Reith was elected deputy leader of the Liberal Party under John Hewson. He was replaced by Michael Wooldridge after the 1993 election. In the Howard government, Reith served as Minister for Industrial Relations (1996–1997), Minister for Small Business (1997–2001), Minister for Employment and Workplace Relation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Hendy (politician)
Peter William Hendy (born 10 January 1962) is a former Australian politician. He was the Liberal member representing the Australian House of Representatives seat of Eden-Monaro in New South Wales from 2013 to 2016. Hendy served as Assistant Minister for Productivity in the First Turnbull Ministry between September 2015 and February 2016; and as Assistant Cabinet Secretary and Assistant Minister to the Minister for Finance from February 2016. Hendy lost his seat in the 2016 federal election to Labor candidate Mike Kelly. Early life Hendy was born in Brisbane and educated at the University of Queensland where he graduated with a Bachelor of Economics (with First Class Honours). He then undertook a scholarship in international economic relations at the Australian National University and has published various papers and articles on public policy issues. Professional career Hendy worked in public administration and policy development at Federal and State levels, including peri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WorkChoices
WorkChoices was the name given to changes made to the federal industrial relations laws in Australia by the Howard government#Fourth term: 2004–2007, Howard government in 2005, being amendments to the ''Workplace Relations Act 1996'' by the ''Workplace Relations Amendment (Work Choices) Act 2005'', sometimes referred to as the ''Workplace Relations Amendment Act 2005'', that came into effect on 27 March 2006. In May 2005, Prime Minister of Australia, Prime Minister John Howard informed the Australian House of Representatives that the federal government intended to reform Australian industrial relations laws by introducing a unified national system. ''WorkChoices'' was ostensibly designed to improve employment levels and national economic performance by dispensing with unfair dismissal laws for companies under a certain size, removing the "no disadvantage test" which had sought to ensure workers were not left disadvantaged by changes in legislation, thereby promoting individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Abbott
Anthony John Abbott (; born 4 November 1957) is an Australian former politician who served as the 28th prime minister of Australia from 2013 to 2015. He held office as the leader of the Liberal Party of Australia and was the member of parliament (MP) for the New South Wales division of division of Warringah, Warringah from 1994 to 2019. Abbott was born in London, England, to an Australian mother and a British father, and moved to Sydney at the age of two. He studied economics and law at the University of Sydney, and then attended The Queen's College, Oxford, as a Rhodes Scholar, studying Philosophy, Politics and Economics. After graduating from Oxford, Abbott briefly trained as a Roman Catholic seminarian, and later worked as a journalist, manager, and political adviser. In 1992, he was appointed director of Australians for Constitutional Monarchy, a position he held until his election to parliament as a member of parliament (MP) for the division of Warringah at the 1994 War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abbott Government
The Abbott government was the federal executive government of Australia led by the 28th Prime Minister Tony Abbott. The government was made up of members of the Liberal–National Coalition. The Leader of The Nationals, Warren Truss, served as Deputy Prime Minister. Following the 2013 Australian federal election held on 7 September, the Coalition defeated the second Rudd government, ending six years of Labor government. The Abbott government was sworn into office on 18 September 2013. Less than two years later on 14 September 2015, Malcolm Turnbull defeated Abbott in a leadership ballot, 54 votes to 44 and the Turnbull government became the executive government of Australia. In economic policy, the Abbott government aimed to rein in a budget deficit that reached A$48.5 billion by June 2014. It concluded free trade agreements with China, Japan and South Korea. It removed the Rudd-Gillard era Resource Super Profits Tax and carbon pricing. It established the Nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard Government
The Howard government refers to the Government of Australia, federal executive government of Australia led by Prime Minister John Howard between 11 March 1996 and 3 December 2007. It was made up of members of the Liberal Party of Australia, Liberal–National Party of Australia, National Coalition (Australia), Coalition, which won a majority of seats in the Australian House of Representatives, House of Representatives at four successive elections. The Howard government commenced following victory over the Keating government at the 1996 Australian federal election, 1996 federal election. It concluded with its defeat at the 2007 Australian federal election, 2007 federal election by the Australian Labor Party, whose leader Kevin Rudd then formed the first Rudd government (2007–2010), Rudd government. It was the second-longest government under a single prime minister, with the longest having been the second Menzies government (1949–1966). Two senior ministers served in single r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keating Government
The Keating government was the federal executive government of Australia led by Prime Minister Paul Keating of the Australian Labor Party from 1991 to 1996. The government followed on from the Hawke government after Paul Keating replaced Bob Hawke as Labor leader in an internal party leadership challenge in 1991. Together, these two governments are often collectively described as the Hawke-Keating government. The Keating government was defeated in the 1996 federal election and was succeeded by John Howard's Coalition government. Background Keating entered Parliament in 1969, aged just 25, when he won the seat of Blaxland for the Australian Labor Party. He went on to briefly serve as minister for Northern Australia during the final days of the Whitlam government in 1975. Keating then served an extended period in the Shadow Ministry through the period of the Fraser government, culminating in his appointment as Shadow Treasurer in January 1983. Labor, led by Bob Hawke wen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander Downer
Alexander John Gosse Downer (born 9 September 1951) is an Australian former politician and diplomat who was leader of the Liberal Party from 1994 to 1995, Minister for Foreign Affairs from 1996 to 2007, and High Commissioner to the United Kingdom from 2014 to 2018. Downer was born in Adelaide, the son of Sir Alick Downer and the grandson of Sir John Downer. After periods working for the Bank of New South Wales and with the diplomatic service, he was appointed executive director of the Australian Chamber of Commerce in 1983. He also served as an advisor to Liberal leaders Malcolm Fraser and Andrew Peacock. Downer was elected to parliament at the 1984 federal election, winning the Division of Mayo in South Australia. He was added to the opposition frontbench in 1987. After the Coalition lost the 1993 election, John Hewson's position as leader of the Liberal Party came into question. Downer successfully challenged him for the leadership in May 1994, thus becoming Lead ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
