Author: roymorgansocial

Call for changes gets legal support

roymorgansocial Leave a comment

Original article by Darren Davidson
The Australian – Page: 25 : 23-May-16

Corrs Chambers Westgarth CEO John Denton and Norton Rose Fulbright managing partner Wayne Spanner are among the lawyers who believe that Australia’s cross-media ownership laws are outdated. The Federal Government’s proposed reforms include abolishing the "reach rule" and the "two-out-of three rule", but Denton says the anti-siphoning list for sports broadcasts should also be included in the reform process.

CORPORATES
CORRS CHAMBERS WESTGARTH, NORTON ROSE FULBRIGHT AUSTRALIA, FOXTEL MANAGEMENT PTY LTD, NETFLIX INCORPORATED, FAIRFAX MEDIA LIMITED – ASX FXJ, STAN ENTERTAINMENT PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Macquarie tips 1pc cash

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 27 : 20-May-16

James McIntyre of Macquarie Group says the Reserve Bank will have further ease monetary policy unless the Australian Government stimulates the economy with fiscal policy measures. He says this is unlikely, which will leave it to the central bank to put downward pressure on the dollar via rate cuts. McIntyre expects the cash rate to fall to at least one per cent.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, RESERVE BANK OF AUSTRALIA, BLOOMBERG LP, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Macca’s workers underpaid by millions

roymorgansocial Leave a comment

Original article by Ben Schneiders, Nick Toscano, Royce Millar
The Age – Page: 1 : 20-May-16

Fast-food group McDonald’s is the latest Australian company to be embroiled in a wages scandal. An investigation has revealed that many McDonald’s staff are on wages that are below the award rate when penalty rates are taken into account, due to an enterprise agreement that the Shop, Distributive & Allied Employees’ Association negotiated in 2013. Penalty rates for working on weekends are excluded from the agreement.

CORPORATES
McDONALD’S AUSTRALIA LIMITED, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, 7-ELEVEN STORES PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, AUSTRALIAN LABOR PARTY, FAIRFAX MEDIA LIMITED – ASX FXJ, NATIONAL TERTIARY EDUCATION INDUSTRY UNION, AUSTRALIA. FAIR WORK COMMISSION

Business to push Turnbull tax cuts

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 10 : 20-May-16

The Business Council of Australia will spearhead a campaign by business groups to promote the Australian Government’s proposal to progressively reduce the company tax rate to 25 per cent. The BCA has not become directly involved in a federal election campaign since 2007. The advertising campaign is expected to embrace traditional and online media, and be launched at around the mid-point of the election campaign.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, AUSTRALIAN MEDICAL ASSOCIATION LIMITED, AUSTRALIA. DEPT OF HUMAN SERVICES. MEDICARE AUSTRALIA, JWS RESEARCH PTY LTD

AFP raids Conroy’s office, ALP adviser’s house

roymorgansocial Leave a comment

Original article by David Crowe
The Australian – Page: 1 & 9 : 20-May-16

The Opposition’s legal affairs spokesman Mark Dreyfus says an Australian Federal Police raid on the office of senator Stephen Conroy may be unprecedented. Police are believed to have been seeking leaked documents concerning the national broadband network. The raids also included the home of Andy Byrne, an adviser to Labor communications spokesman Jason Clare and a former aide of Conroy during his tenure as communications minister.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN FEDERAL POLICE, NBN CO LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIA. DEPT OF FINANCE

Fortescue backs offshore competition on gas reservation

roymorgansocial Leave a comment

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 20-May-16

Fortescue Metals Group believes that changes to Australia’s lease retention system for oil and gas fields should be a higher priority than the Australian Labor Party’s proposed national interest test for LNG export projects. Fortescue, as a major user of gas, argues that scrapping the so-called "use it or lose it" system would be more effective in increasing the supply of gas for domestic customers. The lease retention system has come under scrutiny in the wake of Woodside Petroleum’s decision to put the Browse LNG project on hold.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIAN LABOR PARTY, WOODSIDE PETROLEUM LIMITED – ASX WPL, APACHE CORPORATION, QUADRANT ENERGY PTY LTD, HESS CORPORATION, MURPHY OIL CORPORATION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, DELOITTE TOUCHE TOHMATSU LIMITED, BHP BILLITON LIMITED – ASX BHP, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, EXXON CHEMICAL COMPANY

Unions break ranks in fight to maintain penalty rates

roymorgansocial Leave a comment

Original article by Ewin Hannan
The Australian Financial Review – Page: 2 : 20-May-16

Victorian Trades Hall Council secretary Luke Hilakari favours adding penalty rates to the National Employment Standards if the Fair Work Commission reduces weekend rates. The Australian Greens have proposed legislation to protect penalty rates if they are cut by the FWC, although this is opposed by both the Federal Opposition and the ACTU. Employment Minister Michaelia Cash has stressed that governments should not intervene on penalty rates.

CORPORATES
VICTORIAN TRADES HALL COUNCIL, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN GREENS, AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, ELECTRICAL TRADES UNION

Netball thrust into prime time with Nine deal

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 3 : 20-May-16

Nine Entertainment Company will broadcast two live netball matches on Saturday nights from 2017 after securing a five-year deal with Netball Australia. Telstra will have exclusive rights to two matches each week, while it will simulcast the live broadcasts of Nine. The deal with Nine also includes a revenue-sharing arrangement. Netball Australia chief executive Kate Palmer says netball players will receive higher salaries as a result of the deal, which will also boost the sport’s profile.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NINE NETWORK AUSTRALIA LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, NETBALL AUSTRALIA, TEN NETWORK HOLDINGS LIMITED – ASX TEN, AUSTRALIAN SPORTS COMMISSION, NETBALL NEW ZEALAND, COLLINGWOOD FOOTBALL CLUB, MELBOURNE STORM RUGBY LEAGUE CLUB LIMITED, NETBALL NEW SOUTH WALES, TELSTRA MEDIA HOLDINGS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NATIONAL RUGBY LEAGUE

Media agencies keen to tackle ad viewability issues, audit body research suggests

roymorgansocial Leave a comment

Original article by Miranda Ward
Mumbrella – Page: Online : 18-May-16

An Audited Media Association of Australia survey has found that 52 per cent of media agency professionals identified the issue of ad viewability as a priority for the industry in the next 12 months. However, this was seen as a key issue by just 36 per cent of marketing directors. Meanwhile, respondents rated Google Analytics as the most trusted metric brand, followed by the Audit Bureau of Circulations, Roy Morgan Research, Nielsen and OzTAM.

CORPORATES
AUDITED MEDIA ASSOCIATION OF AUSTRALIA LIMITED, GOOGLE ANALYTICS, AUDIT BUREAU OF CIRCULATIONS, ROY MORGAN RESEARCH LIMITED, THE NIELSEN COMPANY (AUSTRALIA) PTY LTD, OZTAM PTY LTD, CIRCULATIONS AUDIT BOARD OF AUSTRALIA, GFK PTY LTD

ANZ-Roy Morgan New Zealand Consumer Confidence falls to 116.2 in May (down 3.8pts)

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-May-16

The ANZ-Roy Morgan New Zealand Consumer Confidence Index has fallen by four points to 116.2 in May 2016. In seasonally adjusted terms confidence eased from 117 to 115. The Current Conditions Index fell by four points to 119.3 and the Future Conditions Index fell by three points to 114.3.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ