Back in 2016, BIS Shrapnel (now BIS Oxford Economics) released possibly the worst ever piece of economic “modelling” for a “confidential client” forecasting impending doom if negative gearing is limited to new dwellings, as proposed by Labor.
This farcical modelling was lambasted by numerous economists and Media Watch, and led to calls for a code of conduct for economic consultants. It was also later revealed that the report’s author, BIS consultant Dr Kim Hawtrey, once wrote a report opposing negative gearing when he was an academic at Macquarie University more than 20 years ago.
