Australian interest rates Australian Politics

Dan Andrews’ election pork works against RBA

Tuesday 4 October 2022

A fortnight ago, Victorian Premier Daniel Andrews launched another cashback program for Victorians that ‘wine and dine’ over the Spring school holidays:

Under the Cashback scheme, Victorians could claim 25% of their money back when they spent at least $40 on dining or entertaining experiences across the state, with money reimbursed capped at $125 back per resident.

The first round of the program was launched in March and delivered $32 million in cashbacks across three months across popular CBD restaurants and Harry Potter performances.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.