Economic Policy

The Australian Progressives believe that the economy should work for all Australians, not just those who can afford control of capital. Society is best served by an economy that is growing, and the economy performs best when all share in the benefits of that growth.

Poverty

  • The Australian Progressives support policies which commit parliament to tracking and reporting the inequality factors in any policy choices.

  • The Australian Progressives support policies to tackle poverty & homelessness.

Tax Reform

  • The Australian Progressives will raise the Income Tax-Free Threshold, to ensure no Australian living in poverty is liable for taxation on their income.

  • The Australian Progressives will review the GST, and support the application of GST to Private School fees.

  • The Australian Progressives will review income tax brackets biannually.

  • The Australian Progressives recognise that all Australians should retain at least 50% of their income (before the application of the Medicare Levy). Therefore, the Australian Progressives will not support any attempt to raise any income tax bracket to 50%.

  • The Australian Progressives will implement a Foreign Transactions Tax of 0.1% for all transactions over $1,000,000, in order to crack down on tax dodging through finance shifting.

  • The Australian Progressives will review Capital Gains Tax concessions, with an aim to improve targeting.

  • The Australian Progressives support the recommendations of the 2017 Black Economy Taskforce

  • The Australian Progressives will enhance the workforce of the Australian Taxation Office, and other Financial Oversight authorities.

  • The Australian Progressives oppose further changes to the GST that might shift the tax burden onto low income earners.

  • The Australian Progressive support policies that de-prioritise tax advantages favouring “rent seeking” and speculation rather than a person’s self earned income.

  • The Australian Progressives support efforts to introduce a national tax on Australia's resource rents.

  • The Australian Progressives support a review into taxation arrangement of trusts.

  • The Australian Progressives support the public disclosure of tax affairs in the public good for transparency reasons.

  • The Australian Progressives support the evaluation of progressive wealth based taxes with a mind to shift the heavy lifting off income earners.

  • The Australian Progressives commit to conduct a Parliamentary Review of the Tax Act.

Superannuation reform

  • The Australian Progressives support compulsory superannuation, but with reforms to improve its usefulness in providing for retirement.

  • The Australian Progressives support increasing compulsory super contributions to 15%.

  • The Australian Progressives support the progressive taxation of Superannuation contributions and earnings.

  • The Australian Progressives support reform to super contribution taxation so individuals receive a 15% tax discount on their marginal income tax rate.

  • The Australian Progressives support efforts to reintroduce the low earner supplement.

  • The Australian Progressives support policies to regulate management fees and introduce a “default fund” tender process.

  • The Australian Progressives oppose proposals for the use of Superannuation for housing or other non-retirement investments.

Housing

  • The Australian Progressives will prioritise housing as shelter and a home to live in over tax minimisation/investment.

  • The Australian Progressives will phase out negative gearing.

  • The Australian Progressives will phase in a cap on deductions for current arrangements.

  • The Australian Progressives will eliminate Capital Gains Tax Exemptions.

  • The Australian Progressives will enforce the application of anti-money laundering measures to property.

  • The Australian Progressives will phase out Stamp duty in favour of a broad land value tax.

  • The Australian Progressives oppose broad “first-time buyer” cash grant schemes.

Social Security

  • The Australian Progressives will re-establish the national unemployment support services with increased access to job seeker services, including subsidised training and development and regional employment schemes.

  • The Australian Progressives will empower people to actively contribute to their communities either as paid employees or as volunteers through local government administered, Commonwealth funded programs and services.

  • The Australian Progressives support improved access to selected support services such as mental and general health and substance addiction care.

  • The Australian Progressives will review indexation rates to ensure the accurate cost of living is captured and reflected in payment structures.

  • Upon election, The Australian Progressives will legislate for an immediate increase of payments to all single social security recipients of $100 per week and $125 for married social security recipients until the indexation review is completed.

  • The Australian Progressives will legislate the removal of the inherent disincentives to work in the current payment structures and implement progressive means testing to prevent income loss as wages increase and negate excess tax rates.

  • The Australian Progressives will review asset shifting to clamp down on the practice of wealth transfer.

  • The Australian Progressives will fund low cost housing, shared accommodation and alternative housing options for low income earners and homeless people.

  • The Australian Progressives support capped higher education contribution rates for all tertiary students.

  • The Australian Progressives will support increased superannuation pre-tax contribution limits up to $50,000 for all people aged more than 50 years with low superannuation balances of less than $100,000.

  • The Australian Progressives will legislate an increase to carers allowance of an additional $50 per fortnight.

  • The Australian Progressives support a review into the implementation of a Universal Basic Income in Australia.

  • The Australian Progressives support raising the Single Parents Pension cut-off age.

  • The Australian Progressives support policies with the aim of including a superannuation contribution on all parenting and carers payments.

  • The Australian Progressives commit to a review of the Child Support System, with an aim to ensure equity and compliance.

  • The Australian Progressives will commit to addressing government processes to ensure that Centrelink applications and payments are processed in reasonable timeframes.

  • The Australian Progressives support reinstating the Schoolkids Bonus.

  • The Australian Progressives will commit to reviewing the concept of mutual obligations.

Small Business

  • The Australian Progressives support policies to level the playing field between small and family businesses, and established major business and trans-national corporations (TNCs)

  • The Australian Progressives support policies to provide an independent mechanism to reduce the pressures created by large corporate landlords.

  • The Australian Progressives support policies that provide protections from large retailers using their market share to unreasonably pressure small suppliers.

  • The Australian Progressives support the removal of “lock-out” type arrangements that large suppliers lock in excluding smaller suppliers.

  • The Australian Progressives support policy to enact “Preferred Small Business” programs in government procurement.

  • The Australian Progressives support policies to create a Government co-investment fund for R&D in local industries

  • The Australian Progressives support policies that provide small business with incentives for staff training and investment.

Working Week

  • The Australian Progressives support increasing workers’ access to flexibility in their working hours, locations and conditions without financial or job security impacts.

Relative Earnings

  • The Australian Progressives support capping CEO remuneration at 10,000% of the lowest paid employee, with appropriate restrictions to prevent low-paid job outsourcing.

Entry level and Graduate Employment incentives

  • The Australian Progressives support a 0.25% to 0.75% company tax break for businesses that employ 10% entry-level and graduates as a proportion of staff.

Foreign trade agreements

  • The Australian Progressives oppose trade agreements that take away from the nation's sovereign powers and are heavily weighted to the interests of multinational corporations at the expense of local businesses and jobs.

  • The Australian Progressives will withdraw Australia from the Trans-Pacific Partnership.

Older Workers

  • The Australian Progressives support policy that provides employment incentive schemes for mature age groups.

Trade Unions

  • The Australian Progressives oppose attempts to undermine the ability of workers to form trade unions and collectively bargain.

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