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  • May, 2012

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    Bank Regulation

    Q. Thinking about banks in Australia, would you support or oppose the Government taking the following actions on banking?

     

    Total support

    Total oppose

    Strongly support

    Support

    Oppose

    Strongly oppose

    Don’t know

    Establishing a Government-owned bank

    55%

    23%

    21%

    34%

    15%

    8%

    22%

    Only permitting banks to change interest rates in line with Reserve Bank rates.

    74%

    16%

    37%

    37%

    11%

    5%

    10%

    Capping bank CEO’s salaries.

    81%

    12%

    55%

    26%

    9%

    3%

    7%

    Ensuring bank fees are not higher than the actual cost of the service

    90%

    5%

    64%

    26%

    4%

    1%

    5%

    Imposing a super profits tax on banks (like the mining tax)

    59%

    21%

    34%

    25%

    16%

    5%

    20%

     

    A majority of respondents supported all listed actions on banking. In particular, 90% supported regulating bank fees, 81% supported capping CEO salaries and 74% supported making banks pass on Reserve Bank interest rate changes.

    There was majority support for all actions from both Labor and Liberal/National voters – although support tended to be stronger from Labor voters.

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  • Apr, 2012

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    Government Regulation

    Q. Do you approve or disapprove of Governments making laws to regulate the following?

     

    Total approve

    Total disapprove

    Strongly approve

    Approve

    Disapprove

    Strongly disapprove

    Don’t know

    Wearing seatbelts in cars

    97%

    2%

    74%

    23%

    2%

    *

    1%

    Wearing bike helmets

    94%

    6%

    65%

    29%

    5%

    1%

    1%

    Personal use of recreational drugs

    59%

    34%

    32%

    27%

    19%

    15%

    7%

    Smoking in public places

    67%

    30%

    40%

    27%

    16%

    14%

    3%

    Buying and consuming alcohol

    69%

    26%

    26%

    43%

    19%

    7%

    5%

    Shopping hours

    56%

    38%

    16%

    40%

    28%

    10%

    6%

    Cigarette packaging

    64%

    29%

    35%

    29%

    16%

    13%

    6%

    Junk food advertising

    66%

    28%

    29%

    37%

    19%

    9%

    6%

    Films (i.e. censorship)

    62%

    31%

    20%

    42%

    20%

    11%

    7%

    The internet

    49%

    43%

    19%

    30%

    23%

    20%

    8%

     

    For each of the areas listed above (except for ‘the internet’) more than half of respondents approve of Governments making laws to regulate the area.

     

    The highest levels of approval were for ‘wearing seatbelts in cars’ (97% approve) and ‘wearing bike helmets’ (94% approve).

     

    The highest levels of disapproval were for ‘the internet’ (43% disapprove) and ‘shopping hours’ (38% disapprove).

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  • Apr, 2012

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    Most Important Factor in Government Regulation

    Q. What should be the most important factor Governments consider in relation to regulating each of these issues – protecting rights and freedom, protecting people’s health and safety or managing the cost to taxpayers (e.g. health costs of drug/alcohol/tobacco use)?

     

    Protecting rights and freedom 

    Protecting people’s health and safety

    Managing the cost to taxpayers

    Don’t know

    Wearing seatbelts in cars

    5%

    91%

    3%

    2%

    Wearing bike helmets

    6%

    89%

    3%

    2%

    Personal use of recreational drugs

    18%

    61%

    12%

    9%

    Smoking in public places

    19%

    67%

    9%

    5%

    Buying and consuming alcohol

    25%

    58%

    11%

    6%

    Shopping hours

    55%

    11%

    16%

    19%

    Cigarette packaging

    16%

    61%

    14%

    8%

    Junk food advertising

    16%

    66%

    11%

    8%

    Films (i.e. censorship)

    59%

    19%

    7%

    15%

    The internet

    62%

    18%

    6%

    15%

     

    For most of the areas listed above, the majority of respondents thought the most important factor for Governments to consider was ‘protecting people’s health and safety’.

     

    The three areas where respondents thought that is was more important to consider ‘protecting rights and freedoms’ were ‘the internet’ (62%), ‘films’ (59%) and ‘shopping hours’ (55%).

     

    ‘Managing the cost to tax payers’ was not considered to be an important factor by most respondents.

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  • Apr, 2011

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    Regulation of Gambling

    Q. For each of the following forms of gambling, which do you think need more or less regulation?

    Needs more regulation Needs less regulation Current regulation is about right Don’t know
    Online gambling in general 68% 4% 16% 12%
    Poker machines 62% 5% 24% 9%
    Casinos 53% 4% 32% 11%
    Betting on sport e.g. football, cricket 46% 4% 36% 14%
    Betting on horse racing 37% 4% 47% 13%
    Lotto 20% 4% 65% 11%

    About two thirds of respondents think there should be more regulation of online gambling (68%) and poker machines (62%). 53% think that casinos need more regulation.

    Differences by voting intention were –

    • Liberal/National voters were less likely to favour more regulation of casinos (47%) and poker machines (55%)
    • More regulation of poker machines was more strongly favoured by Greens (74%) and Labor (65%) voters.

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  • Nov, 2010

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    Regulation is the new black

    First Published on The Drum 02/11/2010

    Joe Hockey is swanning around the airwaves like the coolest kid at school, convinced he’s discovered a new fad that’s sure to catch on. It’s called regulation and it rocks.

    Of course many old hands may wonder whether all Joe has done is stumble upon a bit of retro, like some early Midnight Oil recordings, but right now Joe is stoked, he’s got a new tattoo and everyone is checking him out. Even the Greens want to play with him.

    Still, if the old post-election cliche that the ‘people always get it right’ has any sort of credibility, Joe’s biggest risk is he’ll soon be overtaken by a bunch of converts who want to take the trend way more seriously than a wide-boy with a beat-box can.

    As the latest Essential Report shows, there are votes to be won in regulating the bastard banks, especially in a week when Westpac is tipped to tip the Big Four’s profits over the $20 billion mark.

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