OZ pioneer departs with a legacy writ large

Original article by Matthew Westwood
The Australian – Page: 3 : 6-Sep-16

Friends of Richard Neville have paid tribute to the Australian author and publisher, who died at the age of 74 on 4 September 2016. Neville was the editor of satirical magazine "OZ", which he co-founded in Sydney with Richard Walsh and Martin Sharp. Neville also launched a British edition of the magazine, and he faced obscenity charges on several occasions as a result of content that appeared in "OZ".

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Technology Early Adopters are pioneers for much more than just new technology

Original article by Roy Morgan Research
Market Research Update – Page: Online : 2-Sep-16

A Roy Morgan Research Single Source survey, which was carried out in the year to June 2016, has found that 3.7 million Australians aged 14+ (19 per cent) can be classified as Technology Early Adopters. Always first to purchase and use new technologies, Technology Early Adopters are well educated with high incomes and risk-taking tendencies. 27 per cent of Technology Early Adopters agree they are often the first to buy new home entertainment or electronic equipment, compared with 15 per cent of all Australians.

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ROY MORGAN RESEARCH LIMITED

Labor Right union wants exclusion from bullying laws

Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 2-Sep-16

The Communications, Electrical & Plumbing Union is seeking an exemption from anti-bullying laws. The union argues that it is not a "constitutionally covered business" and, therefore, bullying claims made by one of its official against another are outside the anti-bullying jurisdiction. Val Butler, a member of the union’s national council, accused divisional assistant secretary John O’Donnell of bullying and harassment. The matter will be considered at a special full bench hearing of the Fair Work Commission in October 2016.

CORPORATES
COMMUNICATIONS, ELECTRICAL, ELECTRONIC, ENERGY, INFORMATION, POSTAL, PLUMBING AND ALLIED SERVICES UNION OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, FINANCE SECTOR UNION, AUSTRALIAN LABOR PARTY

Capex takes back seat as optimism stalls

Original article by Vesna Poljak
The Australian Financial Review – Page: 15 : 2-Sep-16

Businesses are still reluctant to increase their capital investments. Figures released on 1 September 2016 suggest that $A105.2 billion will be spent on capital investments in 2016-17 which is unchanged in non-mining terms. Investors who rely on dividends are likely to benefit from this trend as companies will return some of their capital to them as dividends.

CORPORATES
RIO TINTO LIMITED – ASX RIO, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, NICK SCALI LIMITED – ASX NCK, BHP BILLITON LIMITED – ASX BHP

PM warns G20 on low global growth

Original article by Phillip Coorey, Jacob Greber
The Australian Financial Review – Page: 1 : 2-Sep-16

Prime Minister Malcolm Turnbull will travel to China to participate in the Group of 20 summit meeting in the city of Hangzhou on 4-5 September 2016. As an advocate of trade liberalisation, Turnbull will express his concern about a trend towards protectionism and populism which is clearly visible in many parts of the world. He will also attend the East Asia Summit in Laos on 6-8 September 2016.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, INTERNATIONAL MONETARY FUND, GROUP OF TWENTY (G-20), AUSTRALIAN BUREAU OF STATISTICS

VW brushes off ACCC action as ‘no benefit’

Original article by John Durie
The Australian – Page: ’32 : 2-Sep-16

Volkswagen has dismissed an action taken by the corporate watchdog as inconsequential. The Australian Competition & Consumer Commission is seeking pecuniary penalties in relation to Volkswagen’s cheating in emissions testing. The company stated that the problem will soon be rectified through a voluntary recall. Necessary alterations will be made within 45 minutes, free of charge.

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VOLKSWAGEN AUSTRALIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CLAYTON UTZ

eBay is Australia’s top shopping website but OzBargain’s community forum is the fastest growing

Original article by Roy Morgan Research
Market Research Update – Page: Online : 2-Sep-16

More Australians than ever are shopping online. A Roy Morgan Single Source survey has found that 7.8 million Australians aged 14+ visited eBay in an average four weeks in the 12 months to June 2016 – more than double its nearest competitor Amazon (3.8 million). Kogan.com and Groupon reach just over 1.3 million visitors each. OzBargain is Australia’s fastest-growing shopping-related website, now with 948,000 unique monthly visitors.

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ROY MORGAN RESEARCH LIMITED, EBAY AUSTRALIA AND NEW ZEALAND PTY LTD, AMAZON.COM INCORPORATED, KOGAN.COM LIMITED – ASX KGN, GROUPON AUSTRALIA PTY LTD, SCOOPON.COM.AU PTY LTD, CATCH-OF-THE-DAY.COM.AU, OZBARGAIN, LIVINGSOCIAL, DEALSDIRECT.COM.AU PTY LTD, GRAYSONLINE AUCTIONEERS, CUDO PTY LTD, DEALS.COM.AU PTY LTD, GOOGLE INCORPORATED, LASOO PTY LTD, SPREETS PTY LTD

Commodity troubles weigh on ASX

Original article by Vanessa Desloires
The Australian Financial Review – Page: 28 : 2-Sep-16

The S&P/ASX 200 Index fell 17 points, or 0.3 per, to 5,415.6 on 1 September 2016. Investor sentiment was negatively affected by the weakness in share prices in the US and a fall in oil prices due to a larger-than-expected increase in US inventories. Santos and Origin Energy both lost 3.2 per cent in value. Katana Asset Management portfolio manager Romano Sala Tenna expects crude oil prices to continue to range between $US40 ($A53) and $US50 a barrel.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, NEWCREST MINING LIMITED – ASX NCM, NORTHERN STAR RESOURCES LIMITED – ASX NST, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, KATANA ASSET MANAGEMENT LIMITED

IT failures force NDIS to miss care target

Original article by Laura Tingle
The Australian Financial Review – Page: 7 : 2-Sep-16

The rollout of the IT system at the National Disability Insurance Scheme has been plagued by technical problems that caused delays in the preparation of care plans. The National Disability Insurance Agency (NDIA), which runs the scheme, conceded that only 970 care plans were approved in the past two months, while the target was more than 20,000. Federal and state disability ministers will be briefed on the matter by the NDIA at a meeting on 2 September 2016.

CORPORATES
AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIA. NATIONAL DISABILITY INSURANCE AGENCY

China singles out Dastyari as supporter

Original article by Lisa Murray, Primrose Riordan
The Australian Financial Review – Page: 4 : 2-Sep-16

The People’s Daily considers Labor Senator Sam Dastyari a friend of China. The Communist Party newspaper praised the Australian politician for his support of China’s sovereignty claim over the South China Sea islands. Dastyari’s motivation has recently been questioned following revelations that his travel expenses bill of $A1,670 was paid by a Chinese-Australian businessman.

CORPORATES
AUSTRALIAN LABOR PARTY, TOP EDUCATION INSTITUTE, COMMUNIST PARTY (CHINA), AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. ATTORNEY-GENERAL’S DEPT