Today a ramble on things that have attracted my attention.
According to Laura Tingle in the Australian Financial review, the Coalition has unveiled a radical new approach to Australian Federalism.
Don't hold your breath. It appears to be a shift in administrative functions back to the states with the Feds continuing to hold the purse strings, with Commonwealth dictates on policy enforced by flying squads of Commonwealth officials. It may improve administration, but it's hardly radical.There is also an apparent cost cutting element since it is expected to reduce service delivery costs. You can expect that to be mandated leading to state reluctance to participate.
I thought of kvd with the announcement that BHP had deferred the Olympic Dam and Port Headland harbour expansion proposals. It's just another sign of the end of the present Australian mining investment boom. The mining boom itself ended a little while ago.
In the meantime, Federal Treasurer Swan has warned the states not to gouge mining royalties. You see, the Feds need the money to fund the expenditure associated with the mining tax. In the meantime, Opposition Leader Abbott was on TV explaining why the sky was falling.
In all, another of those days in Australian politics and public policy where nothing changes!