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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] |
Prime Minister 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] |
Deputy Prime Minister Of Australia
The deputy prime minister of Australia is the deputy Chief executive officer, chief executive and the Deputy prime minister, second highest ranking officer of the Australian Government. The office of deputy prime minister was officially created as a Minister (government), ministerial portfolio in 1968, although the title had been used informally for many years previously. The deputy prime minister is appointed by the Governor-General of Australia, governor-general on the advice of the Prime Minister of Australia, prime minister. When Australia has a Australian Labor Party, Labor government, the deputy leader of the parliamentary party holds the position of deputy prime minister. When Australia has a Coalition (Australia), Coalition government, the Coalition Agreement mandates that all Coalition members support the leader of the Liberal Party of Australia, Liberal Party becoming prime minister and the leader of the National Party of Australia, National Party becoming the deputy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joe Hockey
Joseph Benedict Hockey (born 2 August 1965) is an Australian former politician and diplomat. He was the Member of Parliament for Division of North Sydney, North Sydney from 1996 Australian federal election, 1996 until 2015. He was the Treasurer of Australia in the Abbott government from 18 September 2013 until September 2015 when he resigned from Cabinet, having refused an alternative offer from the incoming Prime Minister of Australia, prime minister, Malcolm Turnbull. He previously served as the Minister for Human Services (Australia), Minister for Human Services and Minister for Employment and Workplace Relations (Australia), Minister for Employment and Workplace Relations in the Howard government. He also served as List of ambassadors of Australia to the United States, Ambassador of Australia to the United States from January 2016 until January 2020. Hockey's parliamentary resignation triggered a 2015 North Sydney by-election where he was succeeded by Trent Zimmerman, who had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Competitiveness White Paper
The Agricultural Competitiveness White Paper was produced by the Abbott government, and released on 4 July 2015. It set out the Government of Australia’s roadmap of measures to grow the agriculture sector. The Paper According to the Department of Agriculture, the White Paper outlines a $4 billion investment in Australian farmers and the competitiveness and profitability of the agriculture sector: The paper announced tax changes to assist farmers and encourage investment in water infrastructure and fencing, to mitigate droughts. It also includes money for roads and dam development, to assist in production and transport to markets; and five new agricultural trade counsellors help open up overseas markets. The paper contained an $11.4 million boost to the Australian Competition & Consumer Commission The Australian Competition and Consumer Commission (ACCC) is the chief competition regulator of the Government of Australia, located within the Department of the Treasury. It w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Paper On Developing Northern Australia
The White Paper on Developing Northern Australia was a White Paper produced by the Abbott government to examine ways to invest in economic development of the north of Australia. The paper concerned parts of Australia north of the Tropic of Capricorn, from Western Australia, through the Northern Territory and into Queensland. Terms of Reference The terms of reference of the paper stated that the Government would produce a White Paper to "set out a clear, well-defined and timely policy platform for realising the full economic potential of the north, including a plan for implementing these policies over the next two, five, 10 and 20 years:" The Government wanted the Paper to produce a stocktake of northern Australia's natural, geographic and strategic assets, and the potential for further development of the region's minerals, energy, agricultural, tourism, defence and other industries, as well as a comprehensive assessment of risks and impediments to growth and set out agreed poli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Paper
A white paper is a report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. Since the 1990s, this type of document has proliferated in business. Today, a business-to-business (B2B) white paper falls under grey literature, more akin to a marketing presentation meant to persuade customers and partners, and promote a certain product or viewpoint. The term originated in the 1920s to mean a type of position paper or industry report published by a department of the UK government. Corporate and academic The most prolific publishers of white papers are corporate and academic organizations. In larger organizations, internal technical writers produce these documents based on the outlines and data an internal industry or academic expert develops and provides. White papers often follow strict industry styles and formats with a centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medical Research Future Fund
The Medical Research Future Fund (MRFF) is a research fund established in Australia by the Abbott government. It is managed by the Future Fund, with interest generated going to medical research. In 2020-2021, the MRFF reached its capitalisation target of $AU 20 billion, with annual investment returns of around $650 million used to fund medical research. Establishment In the Australian federal budget, 2014 Treasurer Joe Hockey announced the Liberal-National Abbott government's commitment to build a $20 billion Medical Research Future Fund, in addition to existing funding through the National Health and Medical Research Council. Hockey predicted that the fund would, "within six years, be the biggest medical research endowment fund in the world" and announced that "all the savings from the introduction of a $7 Medicare co-contribution, modest changes to the Pharmaceutical Benefits Scheme and other responsible changes in this Health Budget" would be directed to the fund until it rea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commission Of Audit
The National Commission of Audit was a commission formed by the Abbott government on 22 October 2013 as an independent body to review and report on the performance, functions and roles of the Commonwealth government. The chair of the Commission was Tony Shepherd AO who is a former head of the Business Council of Australia. The other Commissioners were Peter Boxall AO, Tony Cole AO, Robert Fisher AM and Amanda Vanstone. The Terms of Reference for the Commission was to make recommendations to return the budget to a sustainable surplus of 1% of GDP by 2023/24. The Commission was not asked to examine the revenue side of the budget, though it looked at some revenue issues. The Commission's report was the first full scale review of government expenditures for 18 years. Recommendations The Commission Report was titled ''Towards Responsible Government'' and published in two parts. Phase One Report, published in February 2014, dealt predominantly with improving the sustainability of fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Broadcasting Corporation
The Australian Broadcasting Corporation (ABC) is Australia’s principal public service broadcaster. It is funded primarily by grants from the federal government and is administered by a government-appointed board of directors. The ABC is a publicly-owned statutory organisation that is politically independent and accountable; for example, through its production of annual reports, and is bound by provisions contained within the Public Interest Disclosure Act 2013 and the Public Governance, Performance and Accountability Act 2013, with its charter enshrined in legislation, the ''Australian Broadcasting Corporation Act 1983''. ABC Commercial, a profit-making division of the corporation, also helps generate funding for content provision. The ABC was established as the Australian Broadcasting Commission on 1 July 1932 by an Act of Federal Parliament. It effectively replaced the Australian Broadcasting Company, a private company established in 1924 to provide programming for A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Pricing
Carbon pricing (or pricing) is a method for governments to Climate change mitigation, mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions. This is done to encourage polluters to reduce fossil fuel combustion, the main driver of climate change. A carbon price usually takes the form of a carbon tax, or an emissions trading scheme (ETS) that requires firms to purchase allowances to emit. The method is widely agreed to be an efficient policy for reducing greenhouse gas emissions. Carbon pricing seeks to address the economic problem that emissions of and other greenhouse gases are a externality#negative, negative externality – a detrimental product that is not charged for by any market. 21.7% of global GHG emissions are covered by carbon pricing in 2021, a major increase due to the introduction of the Chinese national carbon trading scheme. Regions with carbon pricing include most European countries and Canada. On the other hand, top emitters lik ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resource Super Profits Tax
The Minerals Resource Rent Tax (MRRT) was a resource rent tax formerly imposed by the government of Australia on profits generated from the mining of non-renewable resources in Australia. It was a replacement for the proposed Resource Super Profit Tax (RSPT). The tax, levied on 30% of the "super profits" from the mining of iron ore and coal in Australia, was introduced on 1 July 2012. A company was to pay the tax when its annual profits reach $75 million, a measure designed so as not to burden small business. The original threshold was to be $50 million until independent MP Andrew Wilkie negotiated an amendment. Around 320 companies would have potentially been affected by the changes. The Coalition, led by Tony Abbott, went to the 2010 and 2013 elections promising to repeal the tax. The Coalition won the 2013 election, and repealed the tax in 2014. A January 2014 poll conducted by UMR Research, however, found that a majority of Australians still think that multinational min ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
