Author: roymorgansocial

2.498 million Australians (18.9%) now unemployed or under-employed

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Oct-17

A Roy Morgan survey shows that 1.202 million Australians were unemployed (9.1% of the workforce) in September, an increase of 101,000 (up 0.6%) on a year ago. In addition, 1.296 million Australians (9.8% of the workforce) are now under-employed and looking for work or looking for more work, up a significant 294,000 (2.1%) in a year. In total, 2.498 million (18.9%) Australians were unemployed or under-employed in September – marking two whole years in which more than two million Australians have been looking for work or looking for more work. The figures also show that 11,972,000 Australians were employed in September – an increase of 143,000 over the past year. The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate of 5.6% for August. Roy Morgan Research executive chairman Gary Morgan says the Roy Morgan employment estimates have consistently shown that the Australian economy is generating new jobs, but the increase in employment is heavily concentrated in part-time rather than full-time jobs – and that trend has continued.

CORPORATES
ROY MORGAN RESEARCH LIMITED. AUSTRALIAN BUREAU OF STATISTICS

Too early to walk away from energy target: BCA

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Original article by David Crowe
The Australian – Page: 2 : 12-Oct-17

Business Council of Australia president Grant King argues that the Federal Government should not abandon its commitment to reducing greenhouse gas emissions by 26-28 per cent by 2030. However, he adds that the Government needs to outline how it will achieve this target, noting that investing in renewable energy will become cheaper over time as the cost of renewables is falling. Meanwhile, Prime Minister Malcolm Turnbull says Australia is on track to achieve its 2030 emissions reductions target under the Paris climate change agreement.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA. AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET. MANUFACTURING AUSTRALIA LIMITED. AUSTRALIA. PRODUCTIVITY COMMISSION

Adshel and Roy Morgan partnership takes geo-location targeting to new heights – LIVE | WORK | SHOP

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Oct-17

Adshel and Roy Morgan Research have announced a ground-breaking partnership that, for the first time, gives advertisers the ability to profile and precisely target locations where commuters work and shop – not only where they live. Adshel is Roy Morgan’s foundation out-of-home partner on Helix LIVE | WORK | SHOP. The game-changing partnership will allow Adshel to provide enriched data for more precise targeting, profiling those who transit through specific locations to shop and work. Helix is Australia’s leading geo-digital psychographic segmentation tool. The added data layer the partnership delivers to advertisers reflects the growing importance and power of geo-location marketing to identify, reach and target consumers based on their physical location. Utilising Roy Morgan’s Helix Personas for location profiling across Adshel’s national network, together with revolutionary advancements in data science, media agencies and marketers will be able to drill down on commuter data like never before – identifying those who live in a particular location, as well as those who visit that area to work or to shop.

CORPORATES
ROY MORGAN RESEARCH LIMITED. ADSHEL PTY LTD

Bankers still dubious of amended BEAR

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Original article by James Frost. Andrew Tillett
The Australian Financial Review – Page: 19 : 12-Oct-17

There is broad support within the banking industry and the legal sector for the Federal Government’s changes to its Banking Executive Accountability Regime. Amongst other things, the Government has agreed to allow bank executives to appeal against decisions made under the proposed regime. However, there are still some concerns about the reforms, including the additional powers to be given to the Australian Prudential Regulation Authority and the application of the reforms to banks’ subsidiaries.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ. AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY. ASHURST AUSTRALIA. AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION. AUSTRALIA. ADMINISTRATIVE APPEALS TRIBUNAL

Shorten calls for ‘radical’ action on pay

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Original article by James Massola
The Age – Page: 4 : 12-Oct-17

Opposition Leader Bill Shorten says the Federal Court’s ruling in the penalty rates case demonstrates that voting for the Coalition at the next election will result in lower wages, while he adds that Labor will restore and protect penalty rates. Meanwhile, Shorten notes that real wages have increased by just six per cent in the last decade, while real labour productivity has increased by 20 per cent. He has urged unions, business leaders and politicians to work together to address the issue of low wages growth.

CORPORATES
AUSTRALIAN LABOR PARTY. FEDERAL COURT OF AUSTRALIA. AUSTRALIA. FAIR WORK COMMISSION. JOHN CURTIN RESEARCH CENTRE. AUSTRALIA. DEPT OF THE TREASURY. AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Westpac digs in heels over interest-only

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Original article by Michael Roddan
The Australian – Page: 17 & 20 : 12-Oct-17

Westpac CEO Brian Hartzer appeared before a parliamentary committee on 11 October. He downplayed concerns about the risks associated with interest-only mortgage loans, arguing that Westpac does not issue loans to people who lack the capacity to repay them. Hartzer added that the Reserve Bank is more concerned about the effect of future interest rate rises on household budgets than the potential impact of interest-only loans on the financial system. ANZ Bank CEO Shayne Elliott told the committee that risks associated with its interest-only loans had been identified nearly 12 months before regulatory action to curb such loans.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC. AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ. AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY. AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION. RESERVE BANK OF AUSTRALIA. COUNCIL OF FINANCIAL REGULATORS. UBS HOLDINGS PTY LTD

Sydney median house price falls for first time in nearly two years

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Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 12-Oct-17

Data from Domain Group shows that the median house price in Sydney fell by 1.9 per cent to $A1,167,516 in the September quarter. The median house price in Melbourne increased by 1.3 per cent to $A880,902 and the median house price in Hobart rose 4.4 per cent to $A409,592. However, there was a decline in the median house price in Adelaide, Brisbane and Perth. Domain’s chief economist Andrew Wilson says the crackdown on interest-only loans has contributed to the house price falls in Sydney.

CORPORATES
DOMAIN.COM.AU. FAIRFAX MEDIA LIMITED – ASX FXJ

Nine says it can match Facebook for ad data

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Original article by Max Mason
The Australian Financial Review – Page: 26 : 12-Oct-17

Nine Entertainment Company has used its annual "upfronts" to announce several new TV shows for 2018, including a local version of "Love Island" that will be broadcast on one of its secondary channels. Nine will also launch the 9Galaxy programmatic advertising buying platform, which will utilise OzTAM ratings data and usage data from Nine’s network of digital websites. Nine will also launch Future Women, a subscription-based website aimed at professional women.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC. NINE NETWORK AUSTRALIA LIMITED. OZTAM PTY LTD. RED PLANET. DATA REPUBLIC. LIVERAMP. EQUIFAX INCORPORATED. FACEBOOK INCORPORATED

Penalty rates: Unions lose court appeal against cuts to public holiday, Sunday pay

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Original article by Emma Younger
abc.net au – Page: Online : 12-Oct-17

The Shop, Distributive & Allied Employees Association and United Voice have failed to have the Fair Work Commission’s decision to reduce Sunday and public holiday penalty rates overturned. Amongst other things, the unions had argued in the Federal Court that the FWC had not taken into consideration the impact of penalty rate cuts on low-income workers in sectors affected by the ruling, which include retailing and hospitality. Both unions have flagged further legal action, but the court’s decision has been welcomed by the Australian Retailers Association and the Australian Hotels Association

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION. SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION. UNITED VOICE. AUSTRALIAN RETAILERS ASSOCIATION. AUSTRALIAN HOTELS ASSOCIATION. ACTU

High-stakes hearing looms for Domino’s

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Original article by Adele Ferguson
The Age – Page: 21 : 11-Oct-17

A Fair Work Commission hearing is scheduled for 1 November on an application to terminate existing enterprise agreements for Domino’s Pizza Enterprises staff. The Shop, Distributive & Allied Employees’ Association applied to terminate an enterprise agreement in July, although it is continuing to hold negotiations with the fast-food group. The Retail & Fast Food Workers Union is also seeking to have a Domino’s enterprise agreement terminated. Domino’s is also being investigated over allegations of wage fraud.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, AUSTRALIA. FAIR WORK COMMISSION, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, RETAIL AND FAST FOOD WORKERS UNION INCORPORATED, AUSTRALIA. FAIR WORK OMBUDSMAN, DEUTSCHE BANK AG