Author: roymorgansocial

Albanese targets grocery shrinkflation in battle to curb cost-of-living poll risk

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Original article by Tom McIlroy
The Australian Financial Review – Page: 5 : 3-Oct-24

The federal government has indicated that it will review the Unit Pricing Code of Conduct, and potentially expand its coverage to include more retailers. The government has been targeting supermarket pricing ahead of the federal election, and Prime Minister Anthony Albanese says that addressing the problem of ‘shrinkflation’ is part of its strategy to "get a better deal" for consumers. It is a common practice for manufacturers of packaged food and groceries to downsize their products while leaving the prices unchanged or even increasing them.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

The sensitive data of Australia’s security personnel is at risk of being on-sold to foreign actors

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Original article by Ange Lavoipierre
abc.net.au – Page: Online : 3-Oct-24

Research undertaken by the Irish Council For Civil Liberties highlights the national security implications of the Real Time Bidding system used by digital platforms to personalise online advertisements. The report notes that Google and Microsoft both send RTB data on Australian internet users to companies in China, which are required by law to share such information with the central government if they are asked to do so. The report’s author Dr Johnny Ryan says the RTB system is a "goldmine" for intelligence gathering, and could be exploited by foreign powers. The Coalition has urged the federal government to take urgent action to address the issue.

CORPORATES
IRISH COUNCIL FOR CIVIL LIBERTIES, GOOGLE INCORPORATED, MICROSOFT CORPORATION

ACTU takes sledgehammer to economy

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Original article by Ewin Hannan
The Australian – Page: 6 : 3-Oct-24

Business Council of Australia CEO Bran Black has urged the federal government to reject the ACTU’s push for further changes to industrial relations laws. They include abolishing junior pay rates, extending the minimum standards for gig-economy workers to freelancers and scrapping non-compete clauses. Black says businesses are still contending with the most recent tranche of IR reforms, and any further changes would boost inflation and stall economic growth if they are not linked to productivity.

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BUSINESS COUNCIL OF AUSTRALIA, ACTU

Exploitation of children and young people strong contributor to toxic levels of distrust in social media

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Original article by Roy Morgan
Market Research Update – Page: Online : 3-Oct-24

As the Federal government prepares to introduce legislation that would ban social media for young Australians, analysis of six years of data from the Roy Morgan Risk Monitor shows that Australians have long distrusted social media companies, and their perceived exploitation of children is a major reason. Key themes underlying Australia’s mistrust of social media include the lack of regulation, the negative effect on self-esteem, targeting of content towards children, and the addictive nature of the platforms. The Roy Morgan Risk Monitor contains hundreds of thousands of verbatim comments from more than 130,000 Australians about why they trust or distrust brands they nominate top-of-mind. A snap poll conducted by Roy Morgan in July 2022 showed that less than three in 10 (29%) Australians agreed that ‘social media solves more problems than it creates’. These results were in contrast to public opinion on the internet in general, which showed that almost two thirds (64%) of Australians agreed that ‘the internet solves more problems than it creates’.

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ROY MORGAN LIMITED

War and appeasement

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Original article by Rosie Lewis, Greg Brown
The Australian – Page: 1 & 4 : 3-Oct-24

Prime Minister Anthony Albanese says the federal government is very concerned about Iran’s ballistic missile attack on Israel and condemns the action. Albanese adds that Israel has a right to defend itself, but he has urged a diplomatic solution to the crisis in the Middle East rather than an escalation of the conflict. He has also called for an immediate ceasefire in both Gaza and Lebanon. The government has ‘directly’ raised its concerns about Iran’s missile attack with the nation’s ambassador to Australia, Ahmad Sadeghi. Meanwhile, Opposition leader Peter Dutton says the Coalition "will not waver" in supporting both Israel and Jewish Australians.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, LIBERAL PARTY OF AUSTRALIA

Double dissolution election threat is serious, says Labor

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Original article by Tom McIlroy
The Australian Financial Review – Page: 5 : 3-Oct-24

The Greens recently blocked the federal government’s Help to Buy legislation in the Senate, forcing a vote on the bill to be delayed until November. However, Housing Minister Claire O’Neil has confirmed that Labor intends to reintroduce the bill for a shared equity scheme to the lower house when parliament resumes next week. The bill could potentially be used as a trigger for a double dissolution election, and O’Neil says this remains a "live option". The window for a double dissolution election is very narrow, and the government is likely to stick to the regular election cycle.

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AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF SOCIAL SERVICES

SPC heads back to the ASX for the first time in two decades

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Original article by Simon Evans
The Australian Financial Review – Page: 15 : 3-Oct-24

Iconic Australian canned food company SPC has revealed plans for a three-way merger with the listed Original Juice Company and powdered milk group Nature One Dairy. SPC will list on the Australian sharemarket via a reverse takeover of Original Juice, while it will pay $50m for Nature One. SPC chairman Hussein Rifai will become chairman of the merged entity, while Original Juice chairman Jeff Kennett will step down if shareholders approve the deal. SPC had previously been listed on the ASX until 2005, when it was acquired by Coca-Cola Amatil; SPC was subsequently divested in 2019.

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SPC GLOBAL LIMITED, THE ORIGINAL JUICE COMPANY LIMITED – ASX OJC, NATURE ONE DAIRY

Noise from new Hobart AFL stadium will ruin symphony orchestra’s historic concert hall, CEO fears

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Original article by Kelly Burke
The Guardian Australia – Page: Online : 3-Oct-24

The Tasmanian Symphony Orchestra fears that its purpose-built concert hall will be adversely affected by the proposed construction of a new sports stadium at Macquarie Point in Hobart. The $775m stadium will be the home ground of the Tasmanian Devils, which is set to become the AFL’s 19th team. However, the stadium will be located just 40 metres from the concert hall; two independent acoustic reports that were commissioned by the TSO have concluded that the concert hall will be affected by noise from the stadium both during construction and when it opens in 2029.

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TASMANIAN SYMPHONY ORCHESTRA, AUSTRALIAN FOOTBALL LEAGUE

October 7 rally organisers to push ahead with grotesque gathering

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Original article by Jade Gailberger, Carly Douglas, Mitch Clarke, Clare Armstrong
Herald Sun – Page: Online : 3-Oct-24

The organisers of a pro-Palestine rally to be held in Melbourne on Monday have refused to back down and reschedule the event. Victoria Police have warned that they lack the power to stop the rally from proceeding on the first anniversary of the Hamas terrorist attacks on Israel, given that the state has no permit system for protests. NSW police are continuing to seek a court order preventing similar rallies being staged in Sydney on the same day. Prime Minister Anthony Albanese says it is not an appropriate date to hold a rally in support of Palestine, while Opposition leader Peter Dutton says the government should do it all can at both state and federal level to stop the rallies from going ahead.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, VICTORIA POLICE

Paladin’s $1.5b uranium deal slowed by national security probe

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Original article by Peter Ker
The Australian Financial Review – Page: Online : 3-Oct-24

Paladin Energy had expected to complete a deal to acquire Toronto-listed Fission Uranium by the end of September. However, the timetable for closing the $1.5bn deal is uncertain following the Canadian government’s decision to initiate a national security review of the transaction. A Chinese state-owned entity has a 25 per cent stake in Paladin’s flagship Langer Heinrich uranium mine in Namibia; another such company holds an 11 per cent stake in Fission and tried to block the Paladin deal.

CORPORATES
PALADIN ENERGY LIMITED – ASX PDN, FISSION URANIUM CORPORATION