Author: roymorgansocial

Exploited worker told ‘keep quiet or else’ about underpayment

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Original article by Ewin Hannan
The Australian – Page: 7 : 23-Oct-17

The Federal Circuit Court has ordered Haim and Rina Diamond to pay more than $A70,000 after breaching workplace laws. They were found to have underpaid employees – who were primarily foreign students or visitors on working holiday visas – more than $A34,000 over a six-month period. The couple were also accused of providing false and misleading records to Fair Work inspectors and threatening to report an employee to immigration officials for breaching the conditions of her student visa if she did not withdraw a complaint about her wages.

CORPORATES
FEDERAL CIRCUIT COURT OF AUSTRALIA, AUSTRALIA. FAIR WORK OMBUDSMAN, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION

NAB, CBA: We didn’t hike rates for profit

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Original article by James Frost
The Australian Financial Review – Page: 3 : 23-Oct-17

The Australian Prudential Regulation Authority requested in March that interest-only loans be capped at 30 per cent of all mortgages. National Australia Bank and Commonwealth Bank executives were asked by federal parliament’s economics committee on 20 October why they lifted rates for existing interest-only loan customers in the wake of APRA’s directive, with the suggestion being that they were motivated by profit. However, this implication was rejected by the bank executives.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION, MACQUARIE GROUP LIMITED – ASX MQG

The Athlete’s Foot wins for customer satisfaction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Oct-17

A Roy Morgan Single Source survey has found that The Athlete’s Foot had Australia’s most satisfied shoe store customers in August 2017 with a customer satisfaction rating of 87.1%, an increase of 3.9% on a year ago. Close behind are Spend Less Shoes with a customer satisfaction rating of 85.9% and Williams The Shoemen on 83.9% – both of these shoe stores improved their customer satisfaction ratings from a year ago. Roy Morgan Research CEO Michele Levine says achieving high customer satisfaction results is a vital metric for retail businesses looking to maximise customer retention in an increasingly competitive marketplace, and the arrival of giant US retailer Amazon is set to add further pressures for existing retailers.

CORPORATES
ROY MORGAN RESEARCH LIMITED, THE ATHLETE’S FOOT AUSTRALIA PTY LTD, SPENDLESS SHOES PTY LTD, WILLIAMS THE SHOEMEN

Shorten faces ‘donation’ probe

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Original article by Brad Norington
The Australian – Page: 1 & 2 : 23-Oct-17

The Registered Organisations Commission is believed to be investigating a $A25,000 donation by the Australian Workers’ Union to the 2007 election campaign of current Opposition Leader Bill Shorten. He had been the head of the AWU at the time. The union also made large donations to the election campaigns of two other Labor candidates. The ROC recently began a separate probe into the AWU’s donation to activist group GetUp in 2006, whose board members at the time included Shorten. Labor MP Brendan O’Connor alleges that the ROC investigations are part of a smear campaign against Shorten.

CORPORATES
AUSTRALIA. REGISTERED ORGANISATIONS COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, GETUP LIMITED, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIAN ELECTORAL COMMISSION, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, HEALTH SERVICES UNION OF AUSTRALIA

Oil’s not well: $4.5bn loss for sector

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Original article by Matt Chambers
The Australian – Page: 17 & 20 : 23-Oct-17

Australia’s oil and gas sector produced a record 488 million barrels of oil equivalent in 2015-16, according to the Australian Petroleum Production & Exploration Association. However, APPEA also reported that the sector recorded a combined net loss of $A4.5 billion, the worst result since its annual surveys began in 1987-88. Taxes and royalties paid by the oil and gas sector fell from $A5.24 billion to $A4.25 billion, while total revenue fell from $A29.99 billion to $A23.73 billion.

CORPORATES
AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, LIBERAL PARTY OF AUSTRALIA

League Cup leads Seven’s switch to tailor livestream viewer ads

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Original article by Max Mason
The Australian Financial Review – Page: 16 : 23-Oct-17

Seven West Media is expected to announce at least eight new TV shows at its annual "upfronts" on 27 October. The media group will also reveal plans to offer targeted advertising on the live streaming versions of its TV channels, which will allow viewers to see ads based on their preferences. The "addressable television" product will be launched with Seven’s coverage of the 2017 Rugby League World Cup. Meanwhile, Twitter will expand its live coverage of the Melbourne Cup Carnival in a deal with Seven and the Victoria Racing Club.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, TWITTER INCORPORATED, VICTORIA RACING CLUB LIMITED

Rebel is Australia’s top sports store for customer satisfaction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Oct-17

A Roy Morgan Single Source survey has found that Rebel Sports is Australia’s leading sports store with a market-leading customer satisfaction rating of 88.4% in August 2017, up 2.7% from a year ago. It is followed by Sports Power (86.8%) and Sportsco (75.8%). However, they have both achieved greater increases in their customer satisfaction ratings than Rebel over the past year. Roy Morgan Research CEO Michele Levine says Rebel Sports’ victory in August builds on consecutive wins in the annual Roy Morgan Customer Satisfaction Awards in 2015-16, and Rebel Sports will be aiming for a "threepeat" in the Sports Store category at the 2017 annual Awards.

CORPORATES
ROY MORGAN RESEARCH LIMITED, REBEL SPORT LIMITED, SPORTS POWER, SPORTSCO PTY LTD

Women have propelled Australian employment growth

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Oct-17

Roy Morgan Research’s analysis of long-running trends in the Australian labour market by gender shows that strong increases in employment this century have been driven by large increases in both full-time and part-time employment for both women and men. However, although these increases have been shared between both genders, the increasing number of women joining the workforce has led to larger overall gains for women across overall employment, full-time employment, and also part-time employment. Roy Morgan Research CEO Michele Levine says the Australian workforce is undergoing generational change, with women entering the workforce in increasing numbers while men are driving the trend towards increasing part-time employment.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Jobs market ‘a thing of beauty’ set to boost pay

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Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 23-Oct-17

More than 300,000 jobs have been created in Australia during the last year, but Chris Richardson of Deloitte Access Economics forecasts that this will slow to less than 200,000 in the next 12 months. He also expects wages to begin increasing, while inflation will continue to rise at a slow pace over the next several years. Richardson adds that official interest rates are likely to remain low for some time, while a range of factors suggest that business investment will increase.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, COMMONWEALTH SECURITIES LIMITED

NZ shock: losers take power

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Original article by Ean Higgins, Primrose Riordan
The Australian – Page: 1 & 4 : 20-Oct-17

Australia’s Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten have congratulated incoming New Zealand prime minister Jacinda Ardern. The Labour Party leader will form a coalition government with the support of New Zealand First leader Winston Peters, who has been offered the role of deputy prime minister. Labour won 46 seats in the recent election, while New Zealand First won nine. The Greens, with eight seats, may also become part of the new coalition government, ensuring it of a two-seat majority in parliament. The National Party won 56 seats and won seven per cent more of the popular vote than Labour.

CORPORATES
LABOUR PARTY (NEW ZEALAND), NEW ZEALAND FIRST PARTY, GREEN PARTY OF AOTEAROA NEW ZEALAND, NATIONAL PARTY OF NEW ZEALAND, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE