The Australian Taxation Office (ATO) has released new data on the Higher Education Loan Program (HELP, formerly HECS) debts. This FlagPost summarises the ATO HELP data. Previous versions were published for the 2017–18 financial year release, and the 2016–17 financial year release. All figures are at 30 June for the relevant financial year. Figures have not been adjusted for inflation. Total amount of outstanding HELP debt This release updates the total amount of outstanding HELP debt to nearly $67.0 billion in 2018–19, up from $62.0 billion in 2017–18. Figure 1: Total amount of outstanding HELP debt 2009–10 to 2018–19 financial years ($... Read more...
The Defence Service Homes Amendment Bill 2019 was introduced into the Senate on 19 September 2019 and seeks to amend the Defence Service Homes Act 1918 to expand eligibility for coverage under the Defence Service Homes Insurance Scheme. Read more...
Recently the Australian Bureau of Statistics (ABS) released the 2018 Causes of Death (cat no. 3303.0) report which provided detailed information on the number and nature of deaths in Australia in 2018. According to the ABS report: In 2018, there were 158,493 registered deaths in Australia and the number one cause was Ischaemic heart disease with 17,533 deaths (11 per cent of all deaths). Even though the leading cause, the age-standardised death rate from Ischaemic heart disease has decreased by 22.4 per cent since 2009, consistent with declines in heart disease mortality observed now for more than 50 years. Read more...
The Royal Swedish Academy of Sciences has announced that the 2019 Nobel Prize in Economic Sciences will be awarded to three researchers for their work in reducing global poverty: Abhijit Banerjee (Massachusetts Institute of Technology, MIT), Esther Duflo (MIT), and Michael Kremer (Harvard). Notably, Dr Duflo is the youngest-ever economics laureate and only the second woman. This FlagPost provides background to the contributions of the laureates and some Australian context. Read more...
On the afternoon of 7 October 1919, Prime Minister Billy Hughes announced in the Federal Parliament the death of Alfred Deakin that morning, describing him as ‘a man whose name has entwined itself about our history. He was one of the makers of Australia’. After a stint as a barrister and a longer period as a journalist with the Melbourne Age, Deakin served for over thirty years in both the Victorian and Federal Parliaments, including three terms as Prime Minister across the first decade after Federation. (Notably, his first speech in the Victorian Parliament in 1879 was also the setting of his principled resignation due to concerns expressed over the election). After Hughes&rsquo... Read more...
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