Author: roymorgansocial

New PM Turnbull gives L-NP (55%) big lead over ALP (45%)

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 21-Sep-15

A multi-mode Morgan Poll on Federal voting intention has found that support for Australia’s ruling Liberal-National Coalition on a two-party preferred basis has risen by 12 per cent to 55 per cent. The poll, which was carried out on the weekend of 19-20 September 2015, also shows that the Coalition’s primary vote has risen by 11 per cent to 46 per cent, while the Roy Morgan Government Confidence Rating has risen by 17 points to 103 points. Roy Morgan Research executive chairman Gary Morgan says the positive response for Turnbull gives our new Prime Minister and his team a strong mandate to tackle the "cash economy" and the wage rorts that go hand-in-hand. The recent examples of 7-Eleven and United Petroleum show major industrial relations reforms are required to limit the "cash economy" – in particular tourism, retail and hospitality employees and tradesmen.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, KATTER’S AUSTRALIAN PARTY, PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD

Retiring CIO: new board rules will be good for super funds

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Original article by Sally Rose
The Australian Financial Review – Page: 19 : 21-Sep-15

Sunsuper will appoint Michael Traill and Andrew Fraser as independent directors. However, CEO Scott Hartley opposes the Australian Government’s proposal to require one-third of super fund’s boards – including the chairman – to be independent. In contrast, outgoing chief investment officer David Hartley favours the push for greater independence of directors. He notes that industry super funds with equal representation by employers and employees have tended deliver good returns.

CORPORATES
SUNSUPER PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, SOCIAL VENTURES AUSTRALIA LIMITED, QUEENSLAND. TREASURY, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED, FINANCIAL SERVICES COUNCIL, AUSTRALIAN CONSUMERS’ ASSOCIATION, QSUPER LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIANSUPER PTY LTD, KPMG AUSTRALIA PTY LTD, INDUSTRY SUPER AUSTRALIA PTY LTD, AUSTRALIAN INSTITUTE OF SUPERANNUATION TRUSTEES, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, TELSTRA SUPERANNUATION SCHEME

Boom ends as clearances ‘set for 70pc’

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Original article by Mercedes Ruehl, Robert Harley, Su-Lin Tan
The Australian Financial Review – Page: 3 : 21-Sep-15

Preliminary figures from RP Data show that Sydney’s residential property market boasted an auction clearance rate of 73 per cent on the weekend of 19-20 September 2015. Andrew Wilson of Domain Group says the spring clearance rate in Sydney has fallen to a three-year low, adding that it could soon fall below 70 per cent. The preliminary clearance rate in Melbourne was also 73 per cent.

CORPORATES
RP DATA LIMITED, DOMAIN.COM.AU, COOLEY AUCTION SERVICES PTY LTD, BELLE PROPERTY PTY LTD, STARRYLAND (AUSTRALIA) PTY LTD, CBRE PTY LTD, WAKELIN PROPERTY ADVISORY

Both sides claim victory in Canning, 7-point swing

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Original article by Phillip Coorey
The Australian Financial Review – Page: 11 : 21-Sep-15

Opinion is divided within the Liberal Party regarding the effect that the leadership change had on the Canning by-election. The seat has been won by Liberal candidate Andrew Hastie, albeit with a seven per cent swing to the Australian Labor Party. Senator Arthur Sinodinos says this would have been much larger if Tony Abbott had not been dumped as prime minister, although Finance Minister Mathias Cormann says this may not necessarily have been a factor in the outcome of the by-election.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, PALMER UNITED PARTY

Woolworths to spend $65m on fresh look

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 21-Sep-15

Australian-listed Woolworths will respond to customer complaints by spending $A65m on upgrading its supermarkets, including new shopping trolleys, in-store signage and shelving. The head of the group’s supermarkets division, Dave Chambers, says shopper have frequently complained about poor customer service and stock not being available. Woolworths is also undertaking daily customer surveys and using data analytics to improve its stores.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, IGA, ALDI STORES SUPERMARKETS PTY LTD, COSTCO WHOLESALE AUSTRALIA PTY LTD, THE QUANTIUM GROUP PTY LTD, PROGRESSIVE ENTERPRISES HOLDINGS LIMITED, FOODTOWN SUPERMARKETS LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD

1.6 million Australians clicking online ads

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 18-Sep-15

A Roy Morgan Single Source survey, which was carried out in the year to June 2015, has found that 8.1 per cent of Australians aged 14+ (or 1.6 million people) said they clicked through online advertising in the last four weeks. This represents growth of almost 50 per cent since the year to June 2011. The survey also shows that 1,248,000 Australians clicked online ads via a computer in an average four week period (up 25 per cent), while 378,000 clicked via mobile (more than six times as many as in 2011), and 265,000 via tablet (which had only recently landed in 2011). Some 300,000 clicked online ads via multiple devices.

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ROY MORGAN RESEARCH LIMITED, GOOGLE INCORPORATED, YOUTUBE INCORPORATED

GST hike ‘not feasible’ under Deloitte model

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Original article by Joanna Mather
The Australian Financial Review – Page: 3 : 21-Sep-15

PricewaterhouseCoopers estimates that increasing the GST and broadening its scope would raise $A113.5bn a year by 2019-20. Compensating families for the increase in the GST increase would cost about $A76bn. PwC tax partner Paul Abbey has questioned similar modelling by Deloitte, arguing that the firm underestimated the amount of compensation that would have to be given to taxpayers.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, DELOITTE TOUCHE TOHMATSU LIMITED, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY

Netflix, Google ‘should invest in Aussie content’

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Original article by Dominic White
The Australian Financial Review – Page: 37 : 21-Sep-15

Australia’s free-to-air and pay-TV industry is estimated to invest about $A3bn in content each year. The former Australian Labor Party’s Convergence Review in 2012 noted that free-to-air broadcasters invest 3-4 per cent of their revenue in local content. Screen Producers Australia and the ABC argue that subscription video-on-demand providers such as Netflix should have a similar obligation to invest in local content.

CORPORATES
SCREEN PRODUCERS AUSTRALIA, AUSTRALIAN BROADCASTING CORPORATION, NETFLIX INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, GOOGLE AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN LABOR PARTY

Turnbull’s cabinet clean-out

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 21-Sep-15

Prime Minister Malcolm Turnbull has expanded his cabinet team from 20 to 23. Key appointments include Scott Morrison as Treasurer, Christian Porter as Social Services Minister and Marise Payne in the defence portfolio. A by-election will be held in the North Sydney seat of former treasurer Joe Hockey, who has announced that he will quit Parliament. Meanwhile, Turnbull has flagged a review of all Coalition policies, saying government policy must be responsive to a "rapidly-changing disruptive environment".

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, RESERVE BANK OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Treasurer Morrison promises to stop the debt

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 7 : 21-Sep-15

Australia’s new Treasurer Scott Morrison says he will aim to reduce the Budget deficit and the nation’s debt. He has indicated that job creation will be also be a priority, with some 300,000 jobs created during the tenure of predecessor Joe Hockey. Morrison adds that the process of producing white papers on issues such as taxation and the federation will not be affected by the ministerial reshuffle.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, AUSTRALIAN LABOR PARTY