AustraliaTime for Australia to give itself some governance aid
FFA to give control of A-League to clubs
Football Federation Australia will soon cede control of the A-League to clubs with in-principle agreements struck for an independently-run competition.
Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not represent the views of MSN or Microsoft.
Australia likes to hold itself up as a beacon of governance in our region and around the world. We’re spending nearly $800 million in foreign aid on effective governance this financial year, because “effective governance is one of the six priority areas in Australia’s aid policy”.
APRA forces NAB, Westpac, ANZ to hold extra $500m each in capital due to culture, governance concerns
The financial regulator will force NAB, Westpac and ANZ Bank to each hold an extra $500 million in capital due to problems with their governance and culture. The Australian Prudential Regulation Authority (APRA) on Thursday said it was slapping on the extra capital requirement in response to the bank's "self-assessments" of how they managed "non-financial risks." The banks were ordered to carry out the assessments after a similar exercise at scandal-plagued Commonwealth Bank saw it get hit with a $1 billion capital charge last year.
We’re eager to help less developed countries “reform institutions to strengthen regulation and delivery of public services and deliver more representative and accountable government” and “build effective law and justice systems”.
Perhaps our diplomats and aid delivery bureaucrats can spend some time in Canberra doing the same, because our federal government is indistinguishable from many of the countries we lecture about transparency and governance. We’ve got the governance standards of a banana republic. Let’s run through a brief list:
- A “revolving door” for politicians and senior bureaucrats that sees Martin Ferguson, Ian Macfarlane, Christopher Pyne and Julie Bishop — to name only the most recent and high-profile examples — move seamlessly from regulating and handing out grants in a sector to working for and with companies in that sector
- Routine interference by a minister in the agriculture portfolio to benefit major vested interests such as irrigators, agricultural companies and live exporters
- Lobbying by senior ministers to potentially benefit companies part-owned by colleagues
- Police raids on media outlets and journalists that have embarrassed powerful figures within the government
- Security agencies that operate in secret with no parliamentary oversight
- Prosecutions of whistleblowers who have revealed criminal conduct and wrongdoing
- A minister and a departmental secretary ordering spying on the cabinet of a small neighbour to benefit an Australian corporation, then later taking roles with the same corporation — and the bugging and prosecution of the intelligence official who exposed it, and his lawyer
- Routine commercial espionage against neighbours and allies designed to benefit Australian and US companies
- Minimal transparency for donations made to political parties, and no penalties for non-compliance
- No federal integrity commission and no likelihood of one for years;
- Major political donors obtaining large contracts to provide policy and management services within the public service
- Media law changes designed to serve the interests of major media proprietors and defamation laws designed to protect the powerful from scrutiny.
Let’s engage in a thought experiment: read that list and imagine if you read it in relation to, say, Malaysia or Indonesia or one of our Pacific neighbours. What would your reaction be? That this is what we can expect from a developing country? That they clearly don’t have the kind of integrity and governance safeguards that we in the West take for granted? That we’re lucky things aren’t like that here?
Maybe our politicians and senior public servants should receive an aid package explaining the importance of governance and how to “deliver more representative and accountable government”.
How the world's richest 1 per cent may be fuelling the problems they're trying to help solve.
Big philanthropy generates positive responses from recipients and communities, but critics say it also serves to highlight the enormous gap between the haves and the have nots, and the inability for the latter to tackle issues that are important to them as well. Within hours of the Notre Dame cathedral being engulfed by fire, French billionaires and tycoons pledged hundreds of millions of dollars towards its restoration.
Social Policy: Crash Course Government and Politics #49
Today, Craig is going to talk about social policy - in the United States this means achieving one of three goals: protecting Americans from risk, promoting equal ...
Political Ideology: Crash Course Government and Politics #35
So today Craig is going to look at political ideology in America. We're going to focus on liberals and conservatives and talk about the influencers of both of these ...