The Australian Taxation Office’s management of risks related to the rapid implementation of COVID-19 economic response measures
The objective of this audit was to assess whether the Australian Taxation Office (ATO) has effectively managed risks related to the rapid implementation of COVID-19 economic response measures.
The objective of this audit was to assess whether Services Australia had effectively managed risks related to the rapid preparation for and delivery of COVID-19 economic response measures.
Australian governments are fast-tracking their transport projects, hoping for an infrastructure-led recovery from the pandemic-induced recession. This report argues that governments need to rethink major projects that have been promised or are under construction, particularly those announced without a business case.
Recognising the importance of measuring financial knowledge as a building block of financial capability, this report analyses New Zealand’s results by age, gender, ethnicity, education, employment status and personal income to identify areas of need and opportunity when targeting delivery of financial education.
Increased risk taking, not loss tolerance, drives adolescents’ propensity to gamble more under peer observation
In the presence of peers, adolescents’ relative weighting of losses to gains (loss aversion) increases. This is good news for policy, suggesting that appealing to loss aversion should be especially effective at reducing harmful adolescent behaviours committed in the presence of peers.
This paper shows that people exposed to greater pension risk are less likely to invest in risky assets. The authors exploit a reform that links people’s future pension benefits to their pension funds’ funding ratio—a measure of the fund’s financial health—making funding ratios a fund-specific...
The discussion outlined in this roundtable summary document highlights that the bar on climate risks continues to rise for Australian company directors, investors and regulators. It also suggests there is strong support for accelerated action on climate change and a new national mission to address...
Investors have a clear legal obligation to manage climate risks. In addition, financial regulators around the world are now requiring a proactive response from investors and companies to manage climate related financial risks in order to ensure financial stability.
The Australian and New Zealand Governments have committed to release long-term emissions strategies in 2020 under the Paris Agreement. This paper provides an overview of the role and implications of long-term emissions strategies for institutional investors, such as super and pension funds, in Australia and...
Just because other donors have struggled to lend successfully in the Pacific does not mean Australia is destined to fail. But the track record of loans in the region provides cause for caution.