Author: roymorgansocial

$9bn power hit for big firms

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Original article by Eli Greenblat, Damon Kitney
The Australian – Page: 1 & 4 : 7-Sep-17

National Australia Bank’s chief economist Alan Oster has forecast that higher energy costs will add 0.6 per cent to the headline inflation rate for the September quarter. Companies that are major energy users estimate that their electricity and gas costs will rise by $A9bn, which in turn will affect profit margins, jobs and investment. Meanwhile, AGL Energy has advised that it has made no commitment to sell its Liddell power station or keep it operating beyond the planned closure date of 2022. Prime Minister Malcolm Turnbull has claimed that AGL CEO Andy Vesey had indicated that the company would be open to selling the power station.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AGL ENERGY LIMITED – ASX AGL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, RIO TINTO LIMITED – ASX RIO, MINERALS COUNCIL OF AUSTRALIA, DELTA ENERGY PTY LTD, GLENCORE PLC, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN LABOR PARTY, TOMAGO ALUMINIUM COMPANY PTY LTD, THE AUSTRALIAN INDUSTRY GROUP, PACT GROUP HOLDINGS LIMITED – ASX PGH, COSTA GROUP HOLDINGS LIMITED – ASX CGC, BLUESCOPE STEEL LIMITED – ASX BSL

Consumer Policy Research Centre launched with Roy Morgan CEO Michele Levine

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Sep-17

Australia’s first ever consumer-focused think tank, the Consumer Policy Research Centre (CPRC), was officially launched in late August with input from an expert panel consisting of Roy Morgan CEO Michele Levine; consumer behaviour specialist, Dr. Paul Harrison; and leading economist, Riki Polygenis. The CPRC is a not-for-profit consumer policy research centre focused on increasing transparency around consumer outcomes and experiences and supporting improvements in market practices in the interests of the consumer; improving access and effectiveness of dispute resolution and information and education in consumer decision making taking account of the impact of a world moving increasingly online. Click through to view a video of the launch.

CORPORATES
CONSUMER POLICY RESEARCH CENTRE, ROY MORGAN RESEARCH LIMITED

Rio Tinto pushes for GST shake-up

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Original article by James Thomson
The Australian Financial Review – Page: 19 : 7-Sep-17

Rio Tinto CEO Jean-Sebastien Jacques says the distribution of goods and services tax revenue is "unfair and counter-productive", and action is needed to ensure that Western Australia receives an equitable share of the revenue. Jacques has also used a Mining Week event to call for changes to the nation’s corporate tax regime, arguing that Australia now boasts the sixth-highest company tax rate among OECD nations, while he has called for a national approach to energy policy.

CORPORATES
RIO TINTO LIMITED – ASX RIO, MINERALS COUNCIL OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

WIN headed to court over Ten creditor report

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Original article by Max Mason
The Australian Financial Review – Page: 13 & 19 : 7-Sep-17

Ten Network administrator KordaMentha has issued a statement asserting that its creditors’ report is "comprehensive and compliant". The firm has rejected a request to delay the second meeting of creditors, prompting WIN Corporation to seek a court ruling in the Supreme Court of New South Wales. Lachlan Murdoch, 21st Century Fox and WIN owner Bruce Gordon claim that the KordaMentha report lacks sufficient information for Ten’s creditors to decide whether to support the network’s sale to CBS. The creditors’ meeting is scheduled to be held on 12 September.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, KORDA MENTHA AND COLLEAGUES PTY LTD, WIN CORPORATION PTY LTD, 21ST CENTURY FOX INCORPORATED, CBS CORPORATION, SUPREME COURT OF NEW SOUTH WALES, ATANASKOVIC HARTNELL CORPORATE SERVICES PTY LTD, BAKER AND McKENZIE, DENTONS, ILLYRIA PTY LTD, BIRKETU PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MOELIS AND COMPANY

No pay for workers’ blood donations

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

The Fair Work Commission has rejected a union’s push for employees to be given two hours of paid leave to donate blood up to four times a year. In ruling against the application by the shop assistants’ union, the FWC took into account factors such as the likely impact on productivity and the fact that donating blood is voluntary and can usually be done outside of working hours.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, RED CROSS BLOOD SERVICE, THE AUSTRALIAN INDUSTRY GROUP

Wage growth going backwards

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 4 : 7-Sep-17

National accounts data shows that 240,000 jobs were created in Australia during the year to June 2017. However, the figures also show that wages grew by just 0.7 per cent in the June quarter and 2.1 per cent year-on-year. Likewise, annual growth in compensation per hour is at its lowest level in almost 25 years, at negative 0.3 per cent in the June quarter. Reserve Bank of Australia governor Philip Lowe recently forecast that growth in wages in some sectors will eventually be extended to the broader economy, but the national accounts data suggests that this is not yet occurring.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, CAPITAL ECONOMICS LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

Roy Morgan Research Releases New Helix Personas Indonesia through Eyeota Data Marketplace

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Sep-17

In an increasingly fragmented, data-driven media landscape, Eyeota, the global leader in audience data, and Roy Morgan Research, a recognized leader in market research and data innovation have partnered to make Helix Personas Indonesia available in the digital, programmatic trading marketplace. Helix Personas takes big data that is often vast but shallow and humanises it, drawing on psychographic and behavioural data from Roy Morgan’s extensive Single Source Survey to classify the Indonesian population into 42 personas and six communities to create "deep data". The tool allows media agencies to unlock profound insights into their clients’ target audience by translating contact databases into easily understood and actionable personas. Using these insights media agencies can optimise media plans and creative to reach target audiences most effectively, with messages that resonate on a cultural and emotional level. Brand owners can use Helix Personas to understand exactly who and where their customers are, including key values, purchasing behaviours, demographics and media habits. They can reduce marketing spend by knowing exactly where to advertise, and grow their businesses with strategically placed store locations, stocked with the most relevant products for their customers.

CORPORATES
ROY MORGAN RESEARCH LIMITED, EYEOTA

Xenophon puts reform deal within reach

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Original article by Rosie Lewis
The Australian – Page: 3 : 7-Sep-17

The Federal Government’s prospects of getting its cross-media ownership reforms through the upper house have been bolstered by further negotiations with the Nick Xenophon Team. Communications Minister Mitch Fifield has offered a compromise deal regarding the NXT’s push to provide tax breaks for smaller media companies. Senator Nick Xenophon is still pursuing the tax breaks, although he adds that there are other options for increasing media diversity and job opportunities for journalists.

CORPORATES
NICK XENOPHON TEAM, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY

Shell chief expects gas export clampdown

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Original article by Andrew White
The Australian – Page: 17 & 20 : 7-Sep-17

Shell Australia chair Zoe Yujnovich says the Federal Government is likely to implement its Australian Domestic Gas Supply Mechanism in 2018. She forecasts that the Australian Energy Market Operator will announce a structural shortfall of gas in the next few weeks, although she adds that the ADGSM is unlikely to have much impact on Shell’s LNG exports. Yujnovich adds that there are indications of downward pressure on gas prices.

CORPORATES
SHELL COMPANY OF AUSTRALIA LIMITED, SANTOS LIMITED – ASX STO, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Unions ‘skim’ $130m off funds

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Original article by Simon Benson
The Australian – Page: 1 & 6 : 7-Sep-17

Data from the Australian Electoral Commission shows that the militant Construction, Forestry, Mining & Energy Union was paid around $A75m from employer-funded worker entitlement trusts between 2011-12 and 2015-16. In all, 14 unions were paid a total of $A130m from these trusts over a five-year period, with unions receiving more than $A58m in payments from redundancy funds and $A38m from training funds. There is little regulation of worker entitlement funds, which receive compulsory contributions from employers.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN ELECTORAL COMMISSION, AUSTRALIAN METAL WORKERS’ UNION, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIA. DEPT OF EMPLOYMENT, ACTU, AUSTRALIA. ROYAL COMMISSION INTO THE BUILDING AND CONSTRUCTION INDUSTRY, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, COMMUNICATIONS, ELECTRICAL, ELECTRONIC, ENERGY, INFORMATION, POSTAL, PLUMBING AND ALLIED SERVICES UNION OF AUSTRALIA, ELECTRICAL TRADES UNION, NATIONAL UNION OF WORKERS