Royal Commission

Jul 15, 2014

Q. Following reports of fraud, forgery and a cover-up in the financial planning division of the Commonwealth Bank, there have been calls for a Royal Commission. Would you agree or disagree that there needs to be a Royal Commission into banks and financial planning?

 

Total

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote Other

 

Received financial advice

Total agree

73%

76%

70%

75%

71%

80%

Total disagree

11%

6%

16%

4%

14%

12%

Strongly agree

34%

35%

29%

37%

42%

33%

Agree

39%

41%

41%

38%

29%

47%

Disagree

8%

5%

11%

4%

9%

10%

Strongly disagree

3%

1%

5%

5%

2%

Don’t know

17%

17%

15%

20%

14%

8%

73% agree and only 11% disagree that there needs to be a Royal Commission into banks and financial planning.

At least 70% of all voter groups agree and 80% of people who have used a planner or received a financial advice also agree.

Opinion of Government Decisions

Oct 24, 2011

Q. Thinking about some of the major decisions the Federal Government has made over recent years, do you think the following decisions have been good for Australia or bad for Australia?

Total good Total Bad Very good Good Neither good nor bad Bad Very bad Don’t know
Introducing the GST 39% 30% 10% 29% 24% 17% 13% 7%
Privatising Qantas 23% 44% 4% 19% 20% 31% 13% 13%
Privatising Telstra 20% 53% 4% 16% 16% 32% 21% 10%
Privatising the Commonwealth Bank 26% 42% 7% 19% 19% 25% 17% 13%
Floating the dollar 46% 11% 13% 33% 22% 7% 4% 21%
Free trade agreements 41% 21% 11% 30% 21% 13% 8% 18%
Compulsory superannuation 79% 7% 42% 37% 10% 4% 3% 5%
Medibank (now Medicare) 76% 6% 38% 38% 12% 4% 2% 6%

Only the Government decisions to introduce compulsory superannuation (79%) and Medibank (76%) were considered good for Australia by a majority of respondents – although opinions of floating the dollar (46% good/11% bad), free trade agreements (41%/21%) and the GST (39%/30%) were more likely to be positive than negative.

The decisions to privatize three major national enterprises were more likely to be considered bad. Although Labor voters were more negative about privatisations, Liberal/National voters were also more likely to describe them bad for Australia – Qantas 47% bad/34% good, Telstra 49%/29% and Commonwealth Bank 38%/36%.

47% of Labor voters thought the introduction of the GST was bad while 50% of Liberal/National voters thought it was good.

Comments »

Reversing Past Government Decisions

Oct 24, 2011

Q. Would you support or oppose the Federal Government taking any of the following decisions

Total support Total oppose Strongly support Support Oppose Strongly oppose Don’t know
Abolishing the GST 35% 43% 14% 21% 24% 19% 21%
Buying back Qantas 43% 34% 13% 30% 23% 11% 22%
Buying back Telstra 47% 33% 16% 31% 22% 11% 20%
Buying back the Commonwealth Bank 41% 36% 13% 28% 24% 12% 23%
Regulating the dollar 32% 36% 10% 22% 22% 14% 32%
Increasing trade protection 59% 20% 20% 39% 13% 7% 21%
Making superannuation voluntary 24% 64% 9% 15% 26% 38% 13%
Privatising Medicare 11% 74% 4% 7% 26% 48% 17%

When asked whether these decisions should be reversed, 59% supported increasing trade protection and 47% supported buying back Telstra. There was very strong opposition to privatizing Medicare (74%) and making superannuation voluntary (64%). No other issues had clear majority support or opposition.

Liberal/National voters supported buying back Telstra (47% to 39%), were split on Qantas (43%/41%), but opposed buying back the Commonwealth Bank (39%/44%).

Although Coalition voters were more likely to think free trade agreements were good for Australia (41%/25%), they were also more likely than Labor voters to support increasing trade protection (64%/19%) – 59% of Labor voters supported more trade protection and 21% opposed.

Comments »

Sign up for updates

Receive the Essential Report in your inbox.
  • This field is for validation purposes and should be left unchanged.