Author: roymorgansocial

Turnbull reaffirms Paris accord

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Original article by Sarah Martin
The Australian – Page: 4 : 11-Nov-16

The Australian Government will not change its commitment to the Paris Agreement on climate change. US President-elect Donald Trump signalled his willingness to withdraw from the Paris Agreement, but Prime Minister Malcolm Turnbull said Australia will continue to pursue its action on global warming. Foreign Minister Julie Bishop and Energy Minister Josh Frydenberg will participate in a global meeting in Morocco in mid-November 2016.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, BUSINESS COUNCIL OF AUSTRALIA

Shorten ‘a serial liar’ on super, tax

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Original article by David Crowe
The Australian – Page: 1 & 8 : 10-Nov-16

Treasurer Scott Morrison is frustrated with the Australian Labor Party’s refusal to support his superannuation and tax reforms. The Government proposed a 19 per cent income tax on backpackers but Labor favours Senator Jacqui Lambie’s alternative plan for a 10.5 per cent tax. Labor also opposes allowing women to make "catch up" super contributions and the introduction of tax deductions for super contributions made by small business owners.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA

CBA pay revolt triggers first strike at AGM

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Original article by James Eyers, Julie-anne Sprague
The Australian Financial Review – Page: 2 : 10-Nov-16

At the Commonwealth Bank of Australia’s AGM in Perth on 9 November 2016, the bank received a "first strike" when 49 per cent of votes and proxies rejected the remuneration report. Shareholders objected to the introduction of performance measures that would be difficult to measure and quantify. The meeting was disrupted by environmentalists who chanted a slogan "Act on climate, CommBank can".

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, INSTITUTIONAL SHAREHOLDER SERVICES INCORPORATED, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, AUSTRALIAN YOUTH CLIMATE CHANGE COALITION LIMITED

Gourmet Tasmania or beachy Queensland? Our most popular holiday activities by state

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Nov-16

A Roy Morgan Single Source survey, which was carried out in the year to September 2016, has found that 10.7 million Australians aged 14+ reported that their last holiday was domestic. Almost half overall (49.4%) visited friends and/or relatives during their trip, although this rose to 52.6% of people whose last holiday was in New South Wales, and fell to 42.9% of those who visited Tasmania. Wining and dining was the second-most popular domestic-holiday activity (23.4%), although this rose to 39.1% for holiday-goers who visited Tasmania and fell to 20.2 per cent of those who visited NSW. Meanwhile, some 23.2% of domestic holiday-goers went shopping, and Victoria is above average for this particular activity, with 27.1%. Tasmania is the top spot for culture: 31.6% of people who took their last holiday there went to a museum (compared with 11.2% of all domestic holiday-goers), and 22.7% went to an art gallery (compared with 7.8% overall).

CORPORATES
ROY MORGAN RESEARCH LIMITED, MUSEUM OF OLD AND NEW ART

Satisfaction with private health insurance declining

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Nov-16

A Roy Morgan Single Source survey has found that satisfaction among private health insurance policy holders was 74.4% in the year to September 2016, down from 76.3% over the same period in 2015, but well ahead of a decade ago (66.4% in 2006). The survey also shows that over the last year, nearly all major health insurance providers showed declining satisfaction; 10.4% of their members indicated they would either leave their fund in the next 12 months or shop around before they decided what to do. HBF has the highest level of customer satisfaction among the five largest health funds, at 80.2%, down 1.0% point from a year ago. In second place is HCF, well behind on 74.3% (down 0.7% points) and BUPA (73.6%, no change).

CORPORATES
ROY MORGAN RESEARCH LIMITED, HBF HEALTHFUNDS INCORPORATED, THE HOSPITAL CONTRIBUTIONS FUND OF AUSTRALIA LIMITED, BUPA AUSTRALIA PTY LTD, MEDIBANK PRIVATE LIMITED – ASX MPL, NIB HEALTH FUNDS LIMITED, TEACHERS FEDERATION HEALTH LIMITED, CBHS FRIENDLY SOCIETY LIMITED, DEFENCE HEALTH LIMITED, MEDICAL BENEFITS FUND OF AUSTRALIA LIMITED

BHP urges suppliers to join tax fight

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Original article by Peter Ker
The Australian Financial Review – Page: 25 & 30 : 10-Nov-16

BHP Billiton executive Mike Henry has warned that mining services firms would be adversely affected by the Western Australian National Party’s proposed increase in the state’s iron ore levy. He says the mining services sector should lobby against the policy, arguing that they will receive less work if the levy is increased from $A0.25 per tonne to $A5, while employment in the sector will fall. Henry also says there should be greater collaboration between resources groups and mining services firms.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, NATIONAL PARTY OF AUSTRALIA, RIO TINTO LIMITED – ASX RIO, ORICA LIMITED – ASX ORI

Twiggy slams BHP, Rio for ‘high-grading’ ore

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Original article by Paul Garvey
The Australian – Page: 23 : 10-Nov-16

Fortescue Metals Group chairman Andrew Forrest had criticised BHP Billiton and Rio Tinto for focusing on the production of higher-grade iron ore and overlooking lower-grade ore that needs some processing before shipment. He argues that this merely reduces the value of an orebody and shortens a mine’s life. Fortescue itself uses a beneficiation process to upgrade the quality of lower-grade iron ore. Meanwhile, Forrest does not expect the financial market volatility in the wake of Donald Trump’s presidential election win to be sustained.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, BLUESCOPE STEEL LIMITED – ASX BSL, DEXUS PROPERTY GROUP – ASX DXS, DELOITTE TOUCHE TOHMATSU LIMITED, NATIONAL PARTY OF AUSTRALIA

Shock win ‘will boost local real estate sales’

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Original article by Scott Murdoch
The Australian – Page: 4 : 10-Nov-16

Donald Trump’s US presidential victory is likely to result in an interest rate rise in the US, increasing the likelihood of a cut in Australia’s 1.5 per cent official cash rate. LJ Hooker’s head of research Matthew Tiller says foreign investors will be less willing to invest in US property, and Chinese buyers in particular are likely to switch to Australia.

CORPORATES
LJ HOOKER (AUSTRALIA) PTY LTD, REPUBLICAN PARTY (UNITED STATES), REA GROUP LIMITED – ASX REA, RESERVE BANK OF AUSTRALIA

Seven earnings to fall up to 20pc

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 10-Nov-16

Seven West Media chairman Kerry Stokes says broadcasting licence fees and government subsidies for TV production are more important issues than proposed reforms to cross-media ownership laws. Meanwhile, the 2016 AGM has been told that Seven’s underlying EBIT for 2016-17 could be up to 20 per cent lower than previously, as the advertising market remains subdued. Macquarie Group expects a two per cent decline in the TV advertising market in 2016-17.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN FOOTBALL LEAGUE

TPP deal ‘doomed’ as US set to retreat

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Original article by Joe Kelly
The Australian – Page: 16 : 10-Nov-16

Australia’s former foreign minister Bob Carr does not expect the Trans-Pacific Partnership to proceed under US President Donald Trump. He adds that Congress is unlikely to ratify the 12-nation trade deal during the final months of Barack Obama’s presidency, while Trump could potentially also abandon some existing international treaties. Meanwhile, Foreign Minister Julie Bishop is optimistic that the Obama administration will ratify the TPP, although she notes that the Regional Comprehensive Economic Partnership is being negotiated in Asia and would provide an alternative to the TPP.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS