Author: roymorgansocial

Not too late to unwind CFMMEU

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 6 : 28-Mar-18

The full bench of the Fair Work Commission will hear an appeal against the Construction, Forestry, Mining & Energy Union’s merger with the Maritime Union of Australia on 9 April. The merger formally took effect on 28 March, but the Australian Mines & Metals Association and Master Builders Australia believe that it can be overturned on legal grounds. The appeal will be based on the argument that a contempt court action against the MUA constitutes criminal proceedings, which would make the merger unlawful.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MARITIME UNION OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN MINES AND METALS ASSOCIATION (INCORPORATED), MASTER BUILDERS AUSTRALIA INCORPORATED

A-G’s swipe at media for opposing spy laws

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Original article by Paul Maley
The Australian – Page: 2 : 28-Mar-18

Attorney-General Christian Porter has criticised the media and other special-interest groups for opposing the Federal Government’s proposed foreign interference and espionage laws. He noted that the introduction of similar laws in the US generally attracted consideration of whether they were in the national interest. Media companies have expressed concern about the potential implications of the proposed laws on journalists, although ASIO has argued that they should not be exempt.

CORPORATES
AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Long-delayed Ichthys LNG almost ready

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 28-Mar-18

Inpex Corporation has advised that the Ichthys LNG project is nearing completion, although it has declined to provide any guidance on when production will commence. The commissioning process for the first onshore production unit has been completed, while commissioning of the offshore processing platform is slated for completion in the next two months. The cost of the Ichthys project has blown out from $US34bn to $US40bn, while production was originally scheduled to begin in late 2016.

CORPORATES
INPEX CORPORATION, TOTAL SA, WOOD MACKENZIE, ROYAL DUTCH SHELL PLC

NAB investors kept in dark

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Original article by Sarah Danckert
The Age – Page: 23 : 28-Mar-18

National Australia Bank’s 2017 annual report included a contingent liability for measures aimed at ensuring compliance with anti-money laundering laws. However, the minutes of NAB’s risk committee meeting in November 2015 show that the bank was dealing with issues of non-compliance with anti-money laundering laws that had been identified by Austrac in an on-site compliance assessment in April of that year.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY

Russians out: Canberra joins West’s Putin revolt

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Original article by Simon Benson, Paul Maley
The Australian – Page: 1 & 2 : 28-Mar-18

The Australian Government has expelled two diplomats from the Russian embassy in Canberra, in response to the nerve gas attack on double agent Sergei Skripal and his daughter in England. The diplomats were both undeclared intelligence officers who are said to have been under surveillance by the Australian Security Intelligence Organisation. More than 100 Russian have now been expelled by 24 nations, with Prime Minister Malcolm Turnbull stating that the concerted response has sent a "clear and unequivocal message" to Russia in the wake of the assassination attempt. Russia continues to deny any involvement in the plot.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION

Fortescue faces iron ore discount dilemma

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Original article by James Thomson
The Australian Financial Review – Page: 20 : 28-Mar-18

China’s growing demand for higher-grade iron ore has boosted the profits of BHP Billiton and Rio Tinto, while the widening discount for lower-grade ore slashed the interim earnings of Fortescue Metals Group. The pure-play miner has advised that its iron ore is now expected to fetch 65 per cent of the benchmark price, compared with its recent forecast of 70-75 per cent. The discount has widened from just five per cent in the March 2016 quarter to 35 per cent, but Fortescue still maintains that it is cyclical and will narrow over time. However, rival producers argue that the discount is structural.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, CLEVELAND-CLIFFS INCORPORATED

ANZ-Roy Morgan Consumer Confidence down 1.1pts to 117.4

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Mar-18

ANZ-Roy Morgan Australian Consumer Confidence fell 0.9% to 117.4 in the week ended 25 March, following a 2.2% bounce previously. Views towards current economic conditions deteriorated by 6.8% to 101.9, its lowest value in 18 weeks. Future economic conditions were also hit, falling 3.6% to 108.7, a five-week low. Households’ views towards current financial conditions fell 3.1%, partially unwinding the 6.4% rise previously. Meanwhile, consumers were more optimistic about future financial conditions, which rose 2.8% to 130.2 – its highest since February 2017.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Gary Morgan, Executive Chairman, Roy Morgan Research says Malcolm Turnbull is still a big chance to win the next Federal Election

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Original article by Roy Morgan
Morgan Poll Update – Page: Online : 28-Mar-18

Poll watchers will have noticed Morgan Polls have not been publicised regularly. Morgan Polls are still conducted weekly, and results are available for subscription. The Morgan Poll has been published this week to restore balance to the political agenda – which is ‘today’ dominated by Newspoll and the call by many for Prime Minister Malcolm Turnbull to resign. Two points are vital: Newspoll is not infallible – the accuracy of Newspoll was shown up by the South Australian Election at which Newspoll were out by 4% predicting a Liberal Party primary vote of 34% when the Liberals actually received 38% of the primary vote. Newspoll also predicted an ALP primary vote of 31%, ALP actually received 31.8%; SA Best primary vote of 17%, SA Best actually received 14.2%, Greens primary vote of 8%, Greens actually received 6.7%; Others primary vote of 10%, Others actually received 8.3%. The Federal vote can change. The latest Morgan Poll shows the two major parties neck and neck (ALP 51% cf. L-NP 49%) and if an election were held today the outcome would be too close to call.

CORPORATES
MORGAN POLL, ROY MORGAN LIMITED, NEWSPOLL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, SA-BEST, AUSTRALIAN GREENS

Federal Election too close to call as L-NP holds big lead in Queensland

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Original article by Roy Morgan
Morgan Poll Update – Page: Online : 28-Mar-18

The latest Morgan Poll shows the Federal support for the L-NP up 3% to 49% in a fortnight narrowly behind the ALP down 3% to 51% on a two-party preferred basis. The Morgan Poll follows the SA Election won by the Liberal Party and controversial comments by Opposition Leader Bill Shorten regarding the proposed Adani coalmine in Queensland and was conducted over the last two weekends of March 17/18 & 24/25, 2018 with 1,417 electors. Primary support for the L-NP increased to 40%, up 4% in a fortnight and was led by a jump in support for the National Party up 3% to 5.5.%. Primary support for the ALP dropped 1% to 35%, support for the Greens dropped 1.5% to 12% and support for the Nick Xenophon Team was down 1% to 0.5% after its disappointing performance in the South Australian Election at which State counterpart SA Best failed to win a seat. Support for One Nation was up 0.5% to 3.5% and support for Independents/Others was down 1% to 9%. Of all electors survey a relatively high 7% were undecided.

CORPORATES
MORGAN POLL, ROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NICK XENOPHON TEAM, ONE NATION PARTY, SA-BEST PARTY

Billson faces rebuke for working two jobs

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Original article by Adam Gartrell
The Sydney Morning Herald – Page: 11 : 27-Mar-18

Federal parliament’s privileges committee has recommended amending parliamentary rules so that MPs are banned from undertaking any paid lobbying. This follows its finding that former Small Business Minister Bruce Billson had not followed parliamentary standards when he undertook paid lobby work while he was still an MP. Billson, who left parliament after the June 2016 election, took on a paid role with the Franchise Council of Australia in March of that year. However, he did not disclose his appointment in the register of interests. Billson is expected to be censured by federal parliament as a result of the privileges committee’s findings.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, FRANCHISE COUNCIL OF AUSTRALIA LIMITED, AGILE ADVISORY PTY LTD, AUSTRALIAN LABOR PARTY