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Diane Kraal

Diane Kraal

Senior Lecturer, Business Law and Taxation Dept, Monash Business School, Monash University, Monash University

In 2014 the National Research Institute of Papua New Guinea appointed Dr Diane Kraal and Dr Craig Emerson (former Federal Minister with the Rudd and Gillard governments) to work on a petroleum and mining tax reform project, 'Analysis of Taxation Policies and Reforms Affecting Individuals and Businesses in PNG'. Tax reform in Papua New Guinea has the support of the International Monetary Fund (IMF). The work continued in 2015 with a grant from the Government of Papua New Guinea regarding tax reform in the PNG mining sector, and the recommendations were included in the PNG Tax Review Committee's Final Report to Government. Current research concerns the impact of resource commodity prices on tax revenues.

In the midst of an LNG export boom, why are we getting so little for our gas?

Feb 18, 2020 01:16 am UTC| Insights & Views

So worried is the government about the meagre income it is getting from gas during the middle of Australias biggest gas export boom that it asked an independent advisor to chair a review and is getting the treasury to run...

Government's oil & gas tax response will leave regional communities at a loss

Apr 28, 2017 07:12 am UTC| Insights & Views Economy

Falling revenues from petroleum mining, that spurred a review of the Petroleum Resource Rent Tax (PRRT), have hit regional communities hard and these same communities arent likely to get any relief from the government...

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Economy

FxWirePro: Spotlight On CBT Amid Sluggish Turkish Growth – Bid 3M USD/TRY Skews Ans Hedge

Turkeys central bank pulled forward a scheduled MPC meeting by two days and implemented a 100bps emergency rate cut yesterday. The CB reduced the 1-week repo rate from 10.75% to 9.75% and lowered RRR on all FX deposits by...

FxWirePro: BoC’s Rate Cuts on Cyclical Effects of Covid-19 - USD/CAD Risk-Off Call Ratio Spread

Over the weekend, the Bank of Canada cut its key interest rate by another 50 bp, after it had lowered its key interest rate from 1.75% to 1.25% at its regular meeting. The BoC also said that it was ready to take further...

Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic

As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential...

Cash handout of $750 for 6.5 million pensioners and others receiving government payments

A payment of $750 will be made from the end of this month to about 6.5 million people as part of the governments $17.6 billion stimulus package aimed at keeping Australia out of a recession caused by the impact of the...

Tokyo Olympics: how coronavirus is affecting preparations

The World Health Organizations decision to officially recognise the coronavirus outbreak as a global pandemic means organisers are facing difficult decisions on whether to go ahead with major sporting events. There were...

Politics

Joe Biden explains how he would respond to the coronavirus pandemic in recent town hall

Presidential candidate Joe Biden recently appeared for another interview-slash-town hall on CNN. The former vice president explained how he would approach the pandemic, as well as revealing his routine as of late. In a...

Melania Trump criticized after advising people to go out and have some 'fresh air' amid coronavirus outbreak

First Lady Melania Trump has been making an effort to become more visible in the midst of the coronavirus crisis in the country. As the country continues its social distancing period, Melania gives her own advice that is...

President Donald Trump US is in good shape by coronavirus peak

The cases of coronavirus in the United States continue to skyrocket and unfortunately, it appears that it will only get worse before it gets any better. When President Donald Trump was recently asked regarding the supply...

Barack Obama subtly criticizes Donald Trump’s response to COVID-19 pandemic

Barack Obama rarely comments on actions taken by Donald Trump, and when he does, the former United States president rarely mentions his successor by name. However, there are several telling hints that Obamas tweet on...

Science

Man pronounced clinically dead for three minutes describes what death is like

Death is one of lifes biggest mysteries, and it does not seem like there would be an answer any time soon. One man has shared his experience after being clinically dead for three minutes. There are many assumptions on...

NASA: Hubble Space Telescope snaps image of a one-armed galaxy

The cosmos has provided stunning sights in the forms of galaxies and other celestial objects. Recently, NASAs Hubble Space Telescope captured an image of a spectacular one-armed galaxy. The galaxy, formally known as NGC...

Asteroids: Potentially hazardous asteroid already on 'close approach' trajectory

Space agencies all over the world are keeping tabs on one particular asteroid that is bound for Earth by April. Recent reports reveal that the asteroid in question is already on a close approach trajectory. Express...

Dr. Anthony Fauci predicts over 100,000 coronavirus fatalities in US

As the world is currently struggling to contain the pandemic that is the coronavirus, it appears that the situation would only get worse before it could get better. According to Infectious Diseases director Dr. Anthony...

Technology

‘Cyberpunk 2077’ wallpaper teases one of V’s dangerous contract jobs

With many fans currently stuck in their homes for quarantine measures amid a global pandemic, it helps to be distracted for a while with a release of new Cyberpunk 2077 wallpaper. The image is filled with many interesting...

Why ‘Warcraft 3: Reforged’ might not get new expansions, DLC at its current state

It can be said that Warcraft 3: Reforged has been one of the most discussed video games released in 2020 so far, and most of the reasons are quite unflattering. However, the game is still part of one of the most popular...

Nintendo Switch games: ‘Tropico 6,’ ‘Super Mario 64,’ ‘Super Mario Sunshine,’ and ‘Super Mario Galaxy’ arriving to the console this year

With its portability, the Nintendo Switch console is one of the most popular consoles around and has been the best-selling hardware for a couple of years now. It looks like Switch console gamers are in for a treat in the...

Will ‘The Sims 5’ have a Nintendo Switch version?

To this day, there has yet to be a definitive indication that The Sims 5, or any The Sims game, would be released on Nintendo Switch. However, the recent success of Animal Crossing: New Horizons might convince EA this...
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