This paper examines the success of China's stimulus spending during the global financial crisis and the changes that need to be made for future economic prosperity. As in all the other major economies, China's macroeconomic policy framework was put to the test during the global financial crisis. China applied one of the world's largest stimulus...

This government policy document states that the budget will get back to surplus in 2012-13 as planned, get more people into jobs and spread the opportunities from Mining Boom Mark II to more Australians. Key elements include: Taking the tough decisions necessary to ensure the budget returns to surplus in 2012-13, despite the impact of...

As part of the scoping study for a national not-for-profit regulator, this paper seeks comment from stakeholders on the goals of national regulation, the scope of national regulation and the functions and form of a national regulator. This paper seeks initial views in relation to design options for a national (not-for-profit) NFP regulator. It does...

Australia has a progressive personal income tax schedule with a seemingly simple five rate structure (including a zero rate), but overlaying the statutory tax schedule are more than 40 offsets designed to reduce tax liability for certain taxpayers. These offsets add complexity to the tax system and result in a person's tax liability being determined...

This report outlines the federal government's proposed banking reforms to promote competition and assist consumers. To empower consumers, the government plans to: • Ban exit fees outright on new home loans from 1 July 2011• Boost consumer flexibility to transfer deposits and mortgages• Introduce a mandatory key fact sheet for new home loan customers• Empower...